KSTAR(002518)2025-05-14 10:12Group 1: Company Overview - The company operates a fully automated production line for lead-acid batteries at its Jiangxi factory, with a designed annual production capacity of 3 million kVAh [1] - The factory has 5 automated production lines, covering a wide power range and including a new high-power, high-rate lead-acid battery line suitable for modern AIDC data centers [1] Group 2: Market Trends and Performance - Since Q4 of last year, there has been a noticeable increase in market demand, with data center revenue growth in Q1 exceeding that of previous years [2] - The capital expenditure for data centers in China has significantly increased compared to the past two years, although this has not yet reflected in the company's UPS order revenue [1][2] Group 3: Industry Competition - The UPS industry is mature with a stable competitive landscape, primarily consisting of existing players, and there have been no significant changes in competition over the years [2] Group 4: Product Development and Strategy - The company is focusing on integrated product trends to help reduce electricity costs for data centers, which have high power demands [2] - The development of integrated machines is contingent on the economic needs of customers, reflecting the company's commitment to the data center and new energy sectors [2] Group 5: Information Disclosure Compliance - The company adheres strictly to information disclosure regulations, ensuring that all communications are accurate, complete, and timely, with no significant undisclosed information leaks [2]