KSTAR(SZ:002518)2025-09-15 09:54Group 1: Company Overview and Market Strategy - The company utilizes a "brand direct sales + ODM" dual-track operation model to actively explore overseas new energy markets, achieving good development results in Europe, Asia-Pacific, and Africa [2] - In 2024, the European market faced fluctuations in new energy business due to inventory backlog from customers, impacting overall performance [2] - Since 2025, there has been a noticeable recovery in storage demand in the European market, leading to a significant recovery in the company's storage business [2] Group 2: Product Development and Innovation - The company is expanding its product offerings in temperature control for data centers, focusing on liquid cooling technology as an important solution for heat dissipation challenges [3] - The recently launched LiquiX AI intelligent liquid cooling CDU product is based on next-generation cold plate liquid cooling technology, emphasizing high-density heat dissipation, flexible deployment, safety of working fluids, and system redundancy [3] Group 3: Production Capacity and Market Focus - The Vietnam factory is a key part of the company's overseas production layout, primarily serving European and North American markets, with the first phase officially starting production this year [3] - The factory initially focuses on the data center product line, with plans to adjust the new energy production line based on market demand and potential second-phase investments [3] Group 4: Investor Relations and Compliance - The company conducted thorough communication with investors during the reception, adhering strictly to the "Information Disclosure Management System" to ensure the authenticity, accuracy, completeness, timeliness, and fairness of information disclosure [3] - There were no incidents of undisclosed significant information leakage during the investor relations activities [3]