上半年营收37.33亿元，净利润增长7.94% 2025年上半年，科华数据营业收入达37.33亿元，同比微增0.06%。其中，数据中心行业营收13.98亿 元，同比增长16.77%，毛利率为29.35%，较上年同期下降1.40%；智慧电能行业营收4.39亿元，同比下 降22.56%，毛利率为36.39%，增长1.93%；新能源行业营收18.52亿元，同比下降4.22%，毛利率为 17.51%，增长0.63%。归属于上市公司股东的净利润为2.44亿元，同比增长7.94%。不过，计提的信用减 值损失、资产减值损失合计9800.54万元，致使利润总额减少。 智算中心业务：技术与布局双轮驱动 2025年上半年，科华数据智算中心行业营业收入约13.98亿元，同比增长16.77%。在技术创新上，公司 加大关键核心新技术研发及新产品应用，与沐曦股份联合推出高密度液冷算力POD。同时，发布算力平 台V2.0，打造"1+4+X"算力服务新范式，实现算力智能调度与精准输出。此外，还与多家头部AI芯片厂 商合作优化模型性能。 智慧电能与新能源业务：营收降但毛利率升 2025年8月29日21:00至9月1日10:00，科华数据股份有 ...

三、公司智慧电能与新能源业务的发展情况如何？ 证券代码：002335 证券简称：科华数据 科华数据股份有限公司投资者关系活动记录表 编号：2025-02 | | 特定对象调研 □分析师会议 | | | --- | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | 其他（电话交流） | | | | 天风证券股份有限公司、易方达基金管理有限公司、汇添富基 金管理股份有限公司、平安基金管理有限公司、海富通基金管 | | | | 理有限公司、鹏华基金管理有限公司、万家基金管理有限公司、 | | | | 兴业基金管理有限公司、华安基金管理有限公司、光大保德信 | | | | 基金管理有限公司、汇泉基金管理有限公司、东兴基金管理有 | | | | 限公司、泉果基金管理有限公司、海南恒立私募基金管理有限 | | | | 公司、上海保银私募基金管理有限公司、上海博昱私募基金管 | | | | 理有限公司、上海笃诚私募基金管理有限公司、上海盛宇股权 | | | 参与单位名称 | 投资基金管理有限公司、闻天私募 ...

截至发稿，科华数据市值为298亿元。 每经AI快讯，科华数据（SZ 002335，收盘价：57.81元）8月29日晚间发布关于2025年半年度计提资产 减值准备的公告。公告称，本次公司计提各类资产减值准备共计9800.54万元，将导致公司2025年半年 度利润总额减少9800.54万元。本次计提信用减值损失和资产减值损失数据未经审计，敬请广大投资者 注意投资风险。 （记者 王可然） 2025年1至6月份，科华数据的营业收入构成为：新能源行业占比49.62%，数据中心行业占比37.44%， 智慧电能行业占比11.77%，其他业务占比1.17%。 每经头条（nbdtoutiao）——近120个品牌、1600辆车逐鹿西南！下半年国内首个A级车展开幕：新能 源"第三极"将改写车市格局 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 7.757 billion yuan for 2024, a year-on-year decrease of 4.71%, with a net profit attributable to shareholders of 315 million yuan, down 37.90% year-on-year [4][10]. - In Q4 2024, the company achieved a revenue of 2.364 billion yuan, with a net profit of 77 million yuan [4]. - For Q1 2025, the company reported a revenue of 1.216 billion yuan, an increase of 2.73% year-on-year, with a net profit of 69 million yuan, down 6.26% year-on-year [4][10]. Summary by Sections Financial Performance - In 2024, the company's data center revenue was 3.152 billion yuan, up 14.07% year-on-year, while IDC revenue was 1.231 billion yuan, down 4.53% year-on-year due to declining rents [10]. - Product revenue reached 1.921 billion yuan, a year-on-year increase of 30.33%, benefiting from domestic data center capital expenditure expansion and equipment localization [10]. - New energy revenue was 3.608 billion yuan, down 15.98% year-on-year, primarily due to a significant drop in storage product prices [10]. - The gross margin for IDC was 23.32%, down 2.91 percentage points year-on-year, while the gross margin for data center products was 32.25%, down 1.07 percentage points year-on-year [10]. Future Outlook - The company is expected to benefit from the growing demand for data center infrastructure driven by AI applications, with a projected revenue growth of over 50% for data center products in 2025 [10]. - The IDC business is anticipated to grow by 10-20% year-on-year, supported by improved profitability as the product listing rate increases [10]. - The new energy business is expected to continue reducing losses, aided by market expansion and limited price declines for storage products [10]. - Overall, the company aims for a net profit of approximately 700 million yuan in 2025, corresponding to a PE ratio of 28 times [10].

Financial Performance - In 2024, the company's total revenue was CNY 7.757 billion, a decrease of 4.71% year-on-year [3] - Data center revenue reached CNY 3.152 billion, an increase of 14.07% year-on-year, with a gross margin of 28.77% [3] - Smart energy revenue was CNY 922 million, down 9.01% year-on-year, with a gross margin of 41.06% [3] - New energy revenue was CNY 3.608 billion, a decline of 15.98% year-on-year, with a gross margin of 16.78% [3] - The net profit attributable to shareholders was CNY 315 million, impacted by credit and asset impairment losses totaling CNY 258 million [3] Business Development - The smart computing center business generated approximately CNY 3.152 billion in revenue, growing 14.07% year-on-year [4] - The company is actively engaging in AI, computing power, and autonomous driving markets, establishing a robust heterogeneous computing power platform [4] - The company has secured numerous product orders from major clients in the internet, telecommunications, and finance sectors, with significant growth expected in 2025 [5] Technological Advancements - The company has been recognized as a top 10 service provider in the third-party computing power center sector, ranking 8th in comprehensive development and 4th in technical capability [6] - In the smart energy sector, the company has launched innovative products such as the 1500V 5MW liquid-cooled photovoltaic inverter, enhancing its market position [8] - The company has achieved the highest shipment volume of energy storage PCS among Chinese enterprises globally, maintaining a strong presence in the renewable energy sector [9] Future Outlook - The company plans to intensify its focus on the smart computing center business, leveraging its core technology in power electronics for new product development [10] - A strategic customer department has been established to deepen collaborations with major internet companies and expand into various sectors [10] - The company is considering future financing plans based on strategic goals and market conditions, following the successful completion of a convertible bond project [11]