Summary of Conference Call Notes Industry or Company Involved - The discussion primarily revolves around the data center industry and battery technology, specifically focusing on lithium-ion (Li-ion) and lead-acid batteries. Core Points and Arguments 1. **Data Center Operators**: The data center market includes operators like GDS, Digital Realty, and others, with a trend towards companies like ByteDance and Kuaishou potentially engaging directly with battery manufacturers for their needs [1][2][3]. 2. **Shift to Self-Built Data Centers**: Companies like Alibaba have shifted from third-party data center rentals to self-built facilities, reducing the demand for third-party services [2]. 3. **Overseas Market Growth**: The U.S. and Southeast Asian markets are experiencing significant growth in data center investments, while Europe remains relatively stable but is expected to grow in the future [2][3]. 4. **Battery Technology Trends**: The current ratio of lead-acid to lithium batteries in domestic data centers is approximately 95% to 5%, with lithium batteries expected to penetrate more due to their performance advantages [4][5]. 5. **Performance Advantages of Lithium Batteries**: Lithium batteries are smaller and have better discharge rates compared to lead-acid batteries, making them more suitable for data center applications [5][6]. 6. **Safety Concerns**: Safety issues surrounding lithium batteries pose challenges for their adoption in domestic markets, although new technologies are being explored to mitigate these risks [6][7]. 7. **Cost and Lifespan of Lithium Batteries**: The cost of lithium batteries is currently higher due to lower production volumes, but they are expected to last over 10 years compared to 5-6 years for lead-acid batteries [7][8]. 8. **Production Capacity and Utilization**: The company has a production capacity of around 2-3 GWh for lead-acid batteries, with a utilization rate exceeding 90% [13][14][25]. 9. **Market Competition**: The data center battery market is competitive, with a few key players dominating, and new entrants face challenges due to established brand loyalty and quality perceptions [22][23]. 10. **Future Pricing Trends**: There is currently no significant price increase observed in the market, but future adjustments may occur depending on material costs and supply-demand dynamics [17][19][20]. Other Important but Possibly Overlooked Content 1. **Regulatory Environment**: The lack of strict regulations on battery types used in data centers in China contrasts with overseas markets, where lithium adoption is more rapid [29][30]. 2. **Market Dynamics**: The competitive landscape is influenced by the ability of companies to adapt their production lines and the challenges of entering the market due to established players [22][23]. 3. **Potential for Price Adjustments**: Future price adjustments may depend on the overall market conditions and competitors' actions, with no immediate signs of price increases [19][21]. This summary encapsulates the key discussions and insights from the conference call, highlighting the current state and future outlook of the data center and battery industries.

苏州朗威电子机械股份有限公司 首次公开发行股票并在创业板上市发行公告 保荐人（主承销商）：安信证券股份有限公司 特别提示 苏州朗威电子机械股份有限公司（以下简称"朗威股份"、"发行人"或 "公司"）根据中国证券监督管理委员会（以下简称"中国证监会"）《证券发 行与承销管理办法》（证监会令〔第 208 号〕）（以下简称"《管理办法》"）、 《首次公开发行股票注册管理办法》（证监会令〔第 205 号〕）、深圳证券交易 所（以下简称"深交所"）《深圳证券交易所首次公开发行证券发行与承销业务 实施细则》（深证上〔2023〕100 号）（以下简称"《实施细则》"）、《深圳 市场首次公开发行股票网上发行实施细则》（深证上〔2018〕279 号）（以下简 称"《网上发行实施细则》"）、《深圳市场首次公开发行股票网下发行实施细 则（2023 年修订）》（深证上〔2023〕110 号）（以下简称"《网下发行实施细 则》"）、《深圳证券交易所创业板投资者适当性管理实施办法（2020 年修订》 和中国证券业协会《首次公开发行证券承销业务规则》（中证协发〔2023〕18 号）、《首次公开发行证券网下投资者管理规则》（中证协发〔202 ...