Group 1: Company Performance and Financials - The company has achieved continuous revenue and profit growth for 14 years, benefiting from diversified business operations and increased R&D investment [1] - The comprehensive gross margin for Q4 2024 and Q1 2025 has decreased, primarily due to a new accounting policy that shifted after-sales service costs to the cost side, impacting Q4 results [2] - The gross margin change for Q1 2025 is approximately -0.46% year-on-year, with normal fluctuations expected due to variations in product and customer mix [2] Group 2: Market and Business Environment - Trade tariffs between the US and China may raise costs for overseas customers, potentially suppressing demand for the company's energy storage business [1] - The high inventory levels at the end of 2024 and Q1 2025 are attributed to project-based sales with long confirmation cycles, expected to convert to revenue in the next 1-2 quarters [3] - The market for data center cooling in China is accelerating, driven by AI business demands, with further growth anticipated in 2025 [5] Group 3: Product and Technology Insights - Liquid cooling applications in computing equipment and data centers are driven by increased heat density and improved cooling system efficiency [6] - The procurement decision-makers for liquid cooling components vary, including chip manufacturers, server vendors, and cloud service providers [7] - The cold plate products for server liquid cooling present high barriers to entry due to design, manufacturing processes, and significant capital investment [8]

证券代码：002239 证券简称：奥特佳 奥特佳新能源科技股份有限公司 投资者关系活动记录表 编号：2025-003 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 ☑业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 不特定的投资者、网友 | | 人员姓名 | | | 时间 | 2025 年 5 月 7 日 15 点 30 分至 16 点 30 分 | | 地点 | 在 全 景 路演 平台 以线 上 文 字交 流的 方式 开 展 ，网 址 ： | | | https://rs.p5w.net/html/145990.shtml | | 上市公司接待人 | 董事长 王振坤先生、总经理 丁涛先生、财务总监 沈军女士、 | | 员姓名 | 董事会秘书 窦海涛先生、独立董事 胡振华先生 | | | 本公司于 2025 年 5 月 7 日 15 点 30 分至 16 点 30 分在全 | | | 景网路演平台举办了公司 2024 年度业绩网上说明会，与广大 ...