Core Viewpoint - The company, Xiechuang Data, is initiating preparations for overseas share issuance and listing on the Hong Kong Stock Exchange to enhance its international strategy and financing capabilities [1] Group 1: Business Expansion and Financial Performance - Xiechuang Data's product offerings include data storage devices, AIoT smart terminals, server remanufacturing, and cloud services, with steady growth in traditional data storage and AIoT terminal businesses [1] - In Q1 2025, the company reported a revenue of 2.077 billion yuan and a net profit of 165 million yuan, indicating a strong growth trend [1] - The company has invested significantly in computing power, with 3 billion yuan and 4 billion yuan allocated for server procurement and capital increase for its subsidiary, Xiechuang Cloud Computing [1][2] Group 2: Support and Strategic Initiatives - The controlling shareholder, Xiechuang Wisdom, is providing financial support of up to 1.5 billion yuan in loans to the company and its subsidiaries, with 900 million yuan already provided [2] - Xiechuang Data is focusing on enhancing its AI computing power cloud services and has launched the FCloud intelligent training and pushing innovation platform for various industries [2] - The company has established partnerships with several firms, including China Mobile International, to promote its AI technology and services [3] Group 3: Future Outlook and Investments - The company aims to increase the penetration of AI technology in its business areas and is actively pursuing opportunities in the AI development wave [3] - Investments in cloud computing, smart stores, e-commerce SaaS, and server remanufacturing are expected to yield growth in traditional business orders and intelligent computing and cloud service revenues in Q3 and Q4 of 2025 [3]