Group 1 - The National Development and Reform Commission and the National Bureau of Statistics have issued the "2025 Digital Economy Development Work Points," focusing on high-quality development of the digital economy, which is expected to boost capital expenditure related to computing power [1] - Companies are accelerating the procurement of high-performance computing servers, with a notable shortage in supply, as seen in the case of Xiechuang Data, which plans to invest up to 3 billion yuan in high-performance computing servers this year [1] - Xiechuang Data's major shareholder has announced a loan of up to 1.5 billion yuan to support the company's investment in computing power, indicating strong financial backing for its operations [1] Group 2 - The domestic AI boom, driven by DeepSeek, has led major companies to increase capital expenditure in the AI sector, significantly boosting order volumes for upstream enterprises [2] - Xiechuang Data has established a comprehensive intelligent computing power ecosystem and has built a solid technical foundation for computing power services across multiple cities [2] - The company has made significant progress in the computing power service sector, securing various orders from leading firms such as Tencent and China Unicom, highlighting its strong capabilities in this area [2] Group 3 - Xiechuang Data is focused on the transition from AI to AGI (Artificial General Intelligence) and anticipates the need for larger computing power clusters in the future [3] - The company aims to become a global leader in comprehensive cloud services while also expanding into the service robot sector, including advanced manufacturing capabilities [3] - Xiechuang Data has completed its annual equity distribution for 2024, increasing its total share capital to 343,357,204 shares [3]

Core Viewpoint - The company held its 2024 annual performance briefing, highlighting strong growth in revenue and net profit, alongside strategic developments in various business sectors, including AI, cloud services, and smart IoT devices [1][11][14]. Group 1: Financial Performance - In 2024, the company achieved a revenue of 74.10 billion yuan, representing a year-on-year increase of 59.08% [11][14]. - The net profit attributable to shareholders was 6.92 billion yuan, up 140.80% from the previous year [11][14]. - The net profit after deducting non-recurring gains and losses was 6.71 billion yuan, reflecting a growth of 144.33% year-on-year [11][14]. Group 2: Business Strategy and Development - The company is focusing on developing new capabilities in computing power and embodied intelligence, while maintaining its core business in storage devices and IoT terminals [1][5]. - The strategic core is centered around an "intelligent IoT ecosystem," integrating smart terminals, computing infrastructure, and cloud services [1][19]. - The company has established a comprehensive product system in the smart IoT terminal field, covering AIoT hardware, data storage terminals, edge computing devices, and smart control terminals [1][19]. Group 3: Market and Product Insights - The company is actively expanding its server recycling business, which is primarily aimed at sales rather than self-use [4][6]. - The demand for server recycling is strong, and the company is increasing its investment to enhance competitiveness in this area [4][6]. - The company’s overseas revenue is mainly derived from sales to regions such as Hong Kong, Singapore, and India, with a low proportion of direct sales to the U.S. [15][19]. Group 4: Future Outlook - The company plans to continue expanding its computing power service sector and aims to become a leading comprehensive cloud service platform globally [5][20]. - The company is also focusing on the development of service robots, including machine dogs and humanoid robots, to enhance its advanced manufacturing capabilities [2][5]. - The company is committed to maintaining a robust talent management system to support its growth and development [4][5].