中电港分析师会议-20250717

Group 1: Research Basic Information - The research object is CECport [17] - The research industry is not specified [17] - The reception time is July 17, 2025 [17] - The listed company reception staff are Xie Rizeng, the representative of the securities affairs, and Deng Liting, the commissioner of the securities affairs [17] Group 2: Detailed Research Institutions - The reception object type is a fund management company [20] - The relevant personnel of the institution is Ren Siru from Yongying Fund [20] Group 3: Main Content - Distributors play a key "link" role in the electronic information industry, connecting original component manufacturers and downstream electronic information manufacturers and ensuring the stability of the electronic component supply chain [22] - In addition to the authorized distribution business, the company has three other business segments: design chain services, supply chain collaborative supporting services, and industrial data services [22] - In 2024, the company's sales growth mainly came from memory and processors, driven by the increasing demand for consumer terminals and AI servers [22] - In the first quarter of 2025, the company's accounts receivable increased due to the increased demand from downstream customers in the AI server and other fields [24] - The company's major customers are mainly in the fields of consumer electronics, artificial intelligence, industrial electronics, network communication, and automotive electronics [24]