Core Viewpoint - The company reported a revenue of 6.901 billion yuan for 2024, reflecting a year-on-year growth of 3.50%, and a net profit attributable to shareholders of 574 million yuan, up 13.82% year-on-year [3]. Group 1: Sales Performance - Domestic sales revenue reached 4.862 billion yuan, a decrease of 10.78% year-on-year, primarily due to oversupply in the polysilicon sector affecting the new energy segment [4]. - International sales revenue was 1.981 billion yuan, showing a significant increase of 68.26% year-on-year, driven by surging global AI electricity demand and the aging of power grid infrastructure in Europe and the U.S. [4]. - The company secured new foreign orders worth 3.324 billion yuan, marking a year-on-year increase of 66.92%, ensuring future revenue growth [4]. Group 2: AI and Data Center Opportunities - The company’s transformer products are well-suited for data center requirements, with extensive project experience across major internet companies [5]. - Sales revenue from the new infrastructure sector grew by 167.43% in 2024, with over 140 data center orders signed, resulting in a staggering year-on-year increase of 603.68% in order value [5]. Group 3: Energy Storage and Digitalization - In the energy storage sector, the company launched a full range of products for various applications, achieving revenue of 523 million yuan, up 26.34% year-on-year [6]. - The digitalization business, which includes solutions for various transformer types, generated revenue of 123 million yuan, reflecting a growth of 74.04% year-on-year [6].