Group 1 - The company expects a positive net profit for the fiscal year 2025, indicating either a turnaround or an upward trend in performance [1] - The performance forecast period is from January 1, 2025, to December 31, 2025 [1] - The company has communicated with its auditing firm regarding the performance forecast, and there are no significant discrepancies between the two parties [1] Group 2 - The company's growth is attributed to its dual business focus on "data centers and renewable energy," both of which are showing growth trends for 2025 [1] - The data center business is the company's core area, benefiting from a new wave of infrastructure investment in the industry [1] - The renewable energy segment is experiencing a rebound in demand, particularly in the European energy storage market and emerging markets, contributing to overall performance growth [1]

Core Viewpoint - Keda (002518.SZ) forecasts a net profit attributable to shareholders of 600 million to 660 million yuan for the year 2025, representing a year-on-year growth of 52.21% to 67.43% [1] Group 1: Business Segments - The company is focusing on the "data center + new energy" business model, with both segments expected to show growth in 2025 [1] - The data center business serves as the company's foundation, benefiting from a new wave of infrastructure investment in the data center industry, which has boosted growth rates [1] - The new energy business is characterized by significant performance elasticity, with a recovery in demand in the European energy storage market and strong demand in emerging markets, leading to a return to growth for this segment [1] Group 2: Performance Drivers - Continuous increase in orders and shipment volumes across both business segments has contributed to the rapid year-on-year growth of the company's overall performance [1]