Shenzhen Kexin (SZ:300565)2025-05-12 10:42Group 1: Financial Performance - The company reported a net profit attributable to the parent company of -205.77 million yuan, primarily due to a decrease in customer orders and sales revenue not meeting expectations [4] - The energy storage segment is still in the market expansion phase, facing losses due to raw material price fluctuations and pricing pressures [5] - The first quarter of 2025 saw a reduction in losses by 26.76 million yuan, mainly attributed to an increase in overseas orders compared to the same period last year [6] Group 2: Product and Market Strategy - The company has strategically reduced its fixed and transmission network product business due to declining market demand as 4G investments taper off [2] - Wireless network energy products and data center products are the main revenue growth drivers, with ongoing adjustments in R&D investments based on market trends and customer needs [3] - The company has established over 30 provincial sales offices in China, covering all domestic operators, while also pursuing international market expansion through ODM and distribution channels [5] Group 3: R&D and Future Outlook - Continuous investment in R&D is a strategic priority, aimed at enhancing brand influence and market competitiveness, particularly in wireless network energy and data center products [3] - The company plans to focus on technological breakthroughs in the 5G and energy storage sectors, aligning with industry trends and the "dual carbon" initiative [6] - Future growth will involve both internal growth strategies and external growth through resource complementarity and industry chain extension [6]