良信股份(002706) - 2025年8月22日投资者关系活动记录表

Group 1: Company Overview and Market Position - Shanghai Liangxin Electric Co., Ltd. focuses on three main sectors in its data center business: internet companies, operators, and individual projects targeting industrial groups and enterprise users [1] - The company aims to strengthen its market share in HVDC and UPS within the data center sector, primarily concentrating on domestic top-tier internet companies and building brand recognition among overseas clients [1] Group 2: Financial Performance and Growth Outlook - In the second quarter, the company experienced rapid growth in its new energy and digital energy sectors, while the real estate segment remains relatively low [1] - The growth rate of the new energy business may slow down in the second half of the year, but the company plans to continue focusing on digital energy and infrastructure fields, including rail transit and electronic factories [1] Group 3: Overseas Market Opportunities - The company identifies significant opportunities in the overseas data center market, driven by clients' demands for technological upgrades, including high-density, modular, and miniaturized products [2] - Existing suppliers face capacity bottlenecks and delivery pressures, prompting clients to seek multiple suppliers, which benefits Liangxin's competitive positioning [2] Group 4: Profitability Insights - The company's gross margin for the first half of the year showed a slight decline compared to the previous year, with domestic business margins improving while overseas margins experienced a minor decrease [2] - As of the first half of 2025, the largest segments within the new energy business unit are photovoltaic, energy storage, and wind energy, collectively holding a significant share of the new energy sector [2]