KSTAR(SZ:002518)2025-09-05 08:28Group 1: Company Overview - Shenzhen Keda Technology Co., Ltd. has a balanced business development strategy, with domestic and overseas operations each accounting for approximately 50% of the business [2] - Domestic operations focus on self-owned brands, serving sectors such as finance, telecommunications, internet, government, transportation, and healthcare, with rapid growth in telecommunications and internet clients in the past two years [2] - Overseas operations primarily utilize ODM models, serving global power equipment brands and regional distributors, with significant growth in recent years [2] Group 2: Product Development and Trends - Current data center power products include UPS and HVDC, which are increasingly required to meet higher standards of stability, efficiency, and cost-effectiveness [3] - UPS products are evolving from low power to high power, with single-unit capacities reaching megawatt levels [3] - HVDC products are transitioning from medium and low voltage to high voltage versions, with iterations up to ±400V and 800V to accommodate larger load applications [3] Group 3: Capacity and Financial Status - The company currently has sufficient production capacity and a well-reserved industrial park, with flexible production processes that allow for quick adaptation and switching of capacities [3] - The company maintains a healthy cash flow and financial status, with no major capital expenditure plans or immediate financing needs [3] - The company emphasizes strict adherence to information disclosure regulations, ensuring the accuracy and completeness of disclosed information [3]