并行科技(839493) - 投资者关系活动记录表

Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on May 16, 2025, via the "Investor Relations Interactive Platform" [3] - Key attendees included the Chairman, General Manager, CFO, and Board Secretary of the company [3][4] Group 2: Industry Performance and Company Growth - In 2025, China's intelligent computing power is expected to reach 1,037.3 EFLOPS, a 43% year-on-year increase [4][31] - The compound annual growth rate (CAGR) for China's intelligent computing power from 2023 to 2028 is projected at 46.2% [4][31] - The company achieved a revenue of 654.62 million yuan in 2024, with a 48.27% increase in computing power service revenue [5][10] Group 3: Financial Performance - The net profit attributable to shareholders in 2024 was 12.06 million yuan, marking a turnaround from losses [5][10] - In Q1 2025, the company reported a revenue of 198.27 million yuan, a 51.68% increase year-on-year [8][10] - The gross margin for computing power services was 32% in 2024, decreasing to 27% in Q1 2025 due to changes in service mix [11] Group 4: Accounts Receivable and Debt - As of the end of 2024, accounts receivable over three years amounted to 7.42 million yuan, representing about 7% of total accounts receivable [7] - The company's debt ratio stood at 76.53%, primarily due to contract liabilities and bank loans [12] Group 5: Customer Base and Market Position - The top five customers contributed 26.48% of total revenue in 2024, indicating a reasonable level of customer concentration [16] - The company has a sufficient order backlog and is actively pursuing large clients in the computing power service sector [13][14] Group 6: Research and Development - As of the end of 2024, the company employed 83 R&D personnel, accounting for 19.58% of total employees [24] - The company has no PhD holders among its R&D staff, with 12.05% holding master's degrees [24] Group 7: Future Outlook - The company anticipates continued growth driven by expanding business scale and improving operational efficiency [28] - The intelligent computing service market is expected to mature, with increasing demand for high-performance computing infrastructure [27][28]