KEHUA HENGSHENG(SZ:002335)2024-08-30 12:37Group 1: Overall Business Performance - In the first half of 2024, the company's total revenue reached 3.731 billion CNY, representing a year-on-year growth of 9.83% [2] - The data center sector's revenue was 1.197 billion CNY, down 7.02% year-on-year, with a gross margin of 30.75%, up 0.28% [2] - The smart energy sector generated 567 million CNY, a year-on-year increase of 15.37%, with a gross margin of 34.46%, up 0.29% [2] - The new energy sector's revenue was 1.934 billion CNY, reflecting a growth of 21.98% year-on-year, but with a gross margin of 16.88%, down 7.07% [2] Group 2: Strategic Developments - The company is focusing on product innovation and technological upgrades to meet evolving market demands [3] - The new energy business has seen significant growth in domestic markets, with a doubling of shipment volume in Q2 compared to Q1 [3] - The overseas market for new energy is under pressure, with revenue from this segment accounting for less than 10% of total new energy income [3] Group 3: Financial Management - The company has made provisions for asset impairment totaling 118 million CNY, impacting the total profit for the first half of 2024 [2] - Sales, management, and financial expense ratios have decreased compared to the previous year, indicating improved operational efficiency [4] Group 4: Future Outlook - The company plans to enhance its data center business by increasing revenue from emerging industries and improving gross margins [4] - There is a strong focus on expanding the smart energy management solutions, integrating AI technologies to optimize energy efficiency [5] - The company aims to develop its overseas market presence and strengthen its organizational structure to support international growth [3]