Core Insights - The article emphasizes the rapid transformation of the global technology landscape driven by artificial intelligence (AI), highlighting the evolution of data centers towards higher density, efficiency, and intelligent management [1] - The concept of "computing power infrastructure" is redefined in the context of AI, necessitating continuous adaptation and innovation to meet changing demands [3][4] Group 1: Understanding "More Knowledgeable" Infrastructure - The essence of being "more knowledgeable" is defined as continuous evolution, recognizing that static understanding quickly becomes outdated in the fast-paced AI era [3] - The company has accumulated extensive insights from its deep involvement in the transition from cloud computing to intelligent computing, allowing it to capture rapidly changing industry needs [3] - The company’s nearly 40 years of experience in power electronics and over a decade in data center lifecycle services contribute to its strong product and project implementation capabilities [3] Group 2: Challenges and Solutions in AI Era - AI's rapid iteration, particularly in GPU technology, has fundamentally altered data center design logic, shifting from standardization to meeting high demands for infrastructure [4] - The company is addressing cooling challenges by adopting new cooling technologies like liquid cooling, integrating them with power supply and control systems [4] - The scale of computing clusters is expanding dramatically, necessitating the introduction of AI management to enhance operational efficiency and energy savings [4][6] Group 3: Technological Innovations and Energy Efficiency - The company has launched a groundbreaking 200 kW power supply product, utilizing third-generation semiconductor devices, achieving an efficiency of up to 99.2% [5] - Enhancements in energy efficiency can save millions in electricity costs, especially in regions facing power shortages, allowing for more effective computing power utilization [6] - The trend towards prefabrication and modularization is driven by the need for rapid deployment, significantly reducing delivery times from one year to three to four months [6] Group 4: Green and Low-Carbon Development - The company emphasizes the necessity of green and low-carbon development in data centers, addressing the growing conflict between computing power and energy consumption [7] - Innovations in product design, such as using silicon carbide (SiC) materials, have led to power supply efficiencies exceeding 98%, reflecting the company's commitment to energy conservation [7] - The concept of "computing power and electricity synergy" is proposed, leveraging energy storage systems to provide flexible power support for computing centers [7] Group 5: Reliability and Global Expansion - The reliability of systems is critical as data center complexity increases, with proactive maintenance strategies being implemented through AI technology [8] - The integration of sensors in products allows for real-time monitoring of equipment health, facilitating predictive maintenance and enhancing system availability [8] - The company aims to expand globally, with prefabricated power modules designed for easy transport and rapid deployment, showcasing advancements in China's high-end manufacturing capabilities [8]

Core Insights - The company reported a significant increase in revenue and net profit for the fiscal year 2024, with total revenue reaching 1.962 billion yuan, a year-on-year growth of 26.13%, and net profit attributable to shareholders amounting to 109.6 million yuan, a substantial increase of 178.52% [1] - The data center power business emerged as the primary growth driver, achieving revenue of 668 million yuan, a remarkable surge of 111.05% year-on-year, contributing significantly to overall performance [1][2] - The company is focused on sustainable development through technology-driven strategies, aiming for quality growth in its operations [1][5] Business Performance - The company achieved a net profit of 83.13 million yuan after excluding non-recurring gains, reflecting a staggering growth of 322.09% year-on-year [1] - The investment income from the transfer of equity stakes by its wholly-owned subsidiary amounted to 32.6831 million yuan, further supporting the performance growth [1] Technological Innovation - The company invested 159.8 million yuan in research and development in 2024, marking an increase of 8.55%, with R&D personnel rising to 602, accounting for 28.75% of the total workforce [3] - The focus on technological innovation is seen as a core driver for the company's development, enhancing product competitiveness and supporting growth across multiple business lines [3] Market Strategy - The company is optimizing its market structure and expanding its global presence, establishing a comprehensive service network that translates technical advantages into differentiated service capabilities [4] - Strategic partnerships have been formed with major domestic players such as Alibaba, Tencent, and leading energy companies, enhancing brand value and market credibility [4] - The establishment of a wholly-owned subsidiary in Singapore aims to expand into Asian and global markets, with overseas sales revenue reaching 31.5188 million yuan, a growth of 257.92% [4] Future Outlook - The company is committed to its mission of making energy smarter, focusing on ICT energy infrastructure, new power systems, and comprehensive energy services to drive technological innovation in digital energy [5] - Continuous efforts in technology innovation, product optimization, and market expansion are expected to enhance core competitiveness and market influence [5]