COOLTECH POWER(SZ:300153)2025-04-30 10:04Financial Performance - In 2024, the company's operating revenue reached 1.273 billion CNY, a year-on-year increase of 16.54% [5] - The net profit attributable to shareholders for 2024 was 35 million CNY, reflecting an 8.45% increase compared to the previous year [5] - In Q1 2025, the operating revenue was 363 million CNY, up 36.82% year-on-year, with a net profit of 13.86 million CNY, marking a 55.94% increase [3][7] Business Operations - The company delivered approximately 1.02 billion CNY worth of equipment to the communication and data center sectors in 2024 [1] - The company has over 1.2 billion CNY in orders on hand as of December 31, 2024, with delivery timelines meeting contractual agreements [10] - The company is focusing on optimizing production processes and expanding production capacity to enhance efficiency [1][4] Accounts Receivable Management - The impairment loss for 2024 was 14.87 million CNY, primarily due to a decrease in accounts receivable collections [2] - Accounts receivable accounted for 60.79% of the total at the end of 2024, indicating a relatively low risk of bad debts [2] Market Outlook - The global data center IT load is projected to grow from approximately 49 GW in 2023 to 96 GW by 2026, with 90% of this growth driven by AI computing demand [9] - The company anticipates significant growth opportunities in the data center and high-end manufacturing sectors, leveraging its expertise in backup power solutions [8][9] Strategic Initiatives - The company plans to enhance its market share in high-tech manufacturing, including the semiconductor industry [5] - It aims to strengthen its overseas market presence, particularly in Asia and Australia, while exploring opportunities in Europe [6][9] - The company is committed to improving product quality and service to ensure sustainable growth and long-term returns for investors [6][10]