Core Viewpoint - Chaojuvian, a leading computing power service provider, is projected to achieve over 40 billion yuan in revenue for the fiscal year 2024, continuing its rapid growth trajectory since its establishment in 2021 [3][4]. Company Overview - Chaojuvian was founded on September 13, 2021, with a registered capital of 880 million yuan, and is led by Ma Jianping, who previously managed Huawei's X86 server business [3]. - The company operates as a provider of computing infrastructure and services, offering a range of products including servers, operating systems, AI development platforms, and high-performance computing solutions [3]. Market Position - Chaojuvian has maintained the largest market share in China's liquid-cooled server market for two consecutive years, achieving a 43% market share in 2023 with nearly 42,000 units shipped [3]. - The company aims to exceed 50 billion yuan in revenue for the fiscal year 2025, with a customer base that has expanded from over 2,000 to more than 24,000 in three years [5]. Financial Performance - The company has experienced significant revenue growth, with sales surpassing 10 billion yuan in 2022, over 28 billion yuan in 2023, and projected to exceed 40 billion yuan in 2024 [4]. - The global server market is expected to reach $235.7 billion in 2024, with China's server market projected at approximately $52.6 billion, reflecting a year-on-year growth of 70.1% [5]. Shareholder Structure - The major shareholder of Chaojuvian is Henan Chaojun Technology Co., Ltd., holding a 31.38% stake, followed by China Mobile's investment arm as the second-largest shareholder [6]. - The company has attracted significant investment from various state-owned enterprises, including China Telecom and the State-owned Assets Supervision and Administration Commission [6][8]. Financing History - Chaojuvian has completed five rounds of financing, with strategic investments from major telecommunications operators and investment firms [7]. - The latest round of financing in 2025 included participation from the National Adjustment Fund and Zhengzhou Airport Innovation Group [9].

Core Insights - The article discusses the evolution of Chaojuvian from a survival phase to an aggressive growth phase, marked by the launch of the "Chaojuvian 2.0" plan focused on AI-driven business process reconstruction [1][2][4] - Chaojuvian aims to leverage four key technology areas: AI, data, computing power, and energy, to build a new ecosystem and drive the emergence of intelligent entities [5][7] Group 1: Company Development - Chaojuvian's business scale has increased from approximately 10 billion to over 40 billion in three years, with a customer base expanding from around 2,000 to over 24,000 [2][4] - The company has optimized its underlying capabilities through a comprehensive redesign of processes and organization, laying a foundation for future growth [4] Group 2: Technological Focus - The six key technology elements identified by Chaojuvian that will drive future changes across industries include AI, data, computing power, energy, materials, and biotechnology [5] - Chaojuvian's strategy includes a dual-ecosystem approach for computing power, integrating both Eastern and Western technological ecosystems [7] Group 3: New Product Launches - Chaojuvian has introduced multiple new products and solutions across three main areas: computing power, digital transformation, and energy [9][12] - The computing division has launched six major products, including upgraded liquid-cooled servers and AI integration platforms [12] Group 4: Energy Solutions - In the energy sector, Chaojuvian aims to create a digital and efficient thermal management system for electric vehicles, charging stations, and power grids [13] - New products in the energy field include split charging hosts and liquid-cooled ultra-fast charging terminals, along with AI-driven operational maintenance services [13] Group 5: Future Direction - Chaojuvian positions itself as an ecosystem-oriented enterprise, emphasizing exploration as a key theme for its next phase of development [16]