Group 1 - The core viewpoint of the article is that Jiangsu Litong Electronics Co., Ltd. has significantly increased its revenue from computing power business, achieving 455 million yuan in 2024, a year-on-year increase of 3817%, with a gross profit margin of 53.42% [2][5][6] - The computing power business includes leasing and technical service maintenance, primarily operating in domestic and Southeast Asian markets, with a total computing power leasing scale of 13,000P by the end of 2024 [2][5] - The company has established strategic partnerships with major manufacturers and service providers, enhancing its resource advantages in the computing power market [7] Group 2 - The revenue and cost structure of the computing power business shows that domestic revenue was 426.57 million yuan with a gross margin of 50.54%, while overseas revenue was 28.63 million yuan with a gross margin of 96.28% [9][10] - The company’s computing power leasing business generated 301.94 million yuan in revenue with a gross margin of 34.93%, while technical service maintenance contributed 43.53 million yuan with a gross margin of 64.26% [10] - The company’s computing power business has maintained a high gross profit margin due to its operational model and the high demand for AI computing power in the market [6][8] Group 3 - The company’s subsidiaries, Century Litong and LETACTCLOUD, reported revenues of 384 million yuan and 6.3 million yuan respectively in 2024, with significant differences in net profit margins and cash flow [16][19] - Century Litong primarily focuses on domestic customers, while LETACTCLOUD serves international clients, leading to different cash flow dynamics due to prepayments and service delivery timelines [17][19] - The company has seen a substantial increase in other receivables and prepayments, indicating a growing scale of operations and investment in computing power resources [16][19]