STS(SH:603322)2024-09-11 07:37Company Overview - ChaoXun Communication Co., Ltd. was established in 1998 and listed on the Shanghai Stock Exchange in July 2016, being one of the earliest companies in the communication information technology service sector in China [2]. - The company focuses on "Intelligent Computing + Communication" as its dual core engines, with a business layout around six areas: computing power, data, ICT, and new energy [2]. Business Performance - In the first half of 2024, the company achieved a revenue growth of 71.09% year-on-year, turning a profit due to the growth in its computing power business [3]. - The transformation towards computing power has created new profit growth points, with a reduction in bad debt provisions compared to the previous year [3]. Strategic Partnerships - The company has established a close partnership with "MuXi" and serves as the national general agent for their GPU products, which includes clients from major telecom operators [4]. - ChaoXun is actively expanding its domestic and international new energy markets, signing contracts for distributed photovoltaic projects and maintenance of charging stations [5]. AI and Technology Development - The company is developing AI applications through its subsidiary "Lingxi Miaobi AI," focusing on generative AI capabilities [4]. - It is also exploring opportunities within the Apple AI ecosystem, with plans to leverage its AI technology for various applications [3]. Future Outlook - Management is optimistic about market opportunities arising from AI and domestic substitution trends, actively engaging with local government departments to enhance industry support and collaboration [3]. - The company is pursuing strategic cooperation with international firms, including a recent agreement with South Africa's Neura for smart meter projects [5].