Hainan Jinpan Smart Technology (SH:688676)2024-10-24 07:34Group 1: Company Overview and Performance - Jinpan Technology reported a main business revenue of 476,810.34 million yuan for the first nine months of 2024, with domestic sales contributing 340,232.21 million yuan (71.36%) and international sales 136,578.13 million yuan (28.64%) [4] - The company has expanded its production capacity in Mexico and is preparing for full-line product capacity expansion in both Mexico and the United States [3] Group 2: Market and Industry Insights - The company anticipates significant growth in sectors such as data centers and new energy infrastructure, driven by national policies and emerging market demands [3] - In the first nine months of 2024, domestic data center orders increased by 102% year-on-year, showcasing strong demand for the company's transformer series products [3] Group 3: Product Competitiveness - Jinpan Technology's transformer products are recognized for their stability, quality, and low failure rates, making them suitable for various applications including renewable energy, data centers, and industrial electrical setups [4] - The company’s products are widely used in major data center projects for companies like Baidu, Huawei, Alibaba, and China Mobile [4]