KSTAR(SZ:002518)2025-09-26 09:54Group 1: Company Overview and Market Dynamics - The core growth driver for the company's data center business in the domestic market is primarily from the telecommunications and internet sectors, while traditional industries like finance maintain relatively stable growth due to their specific development rhythms and demand characteristics [2][3] - In overseas markets, Southeast Asia and the Middle East are significant contributors to current business growth, driven by rapid digital economy development and accelerated infrastructure construction [2] Group 2: Renewable Energy Business Insights - The company's overseas renewable energy business has established a solid foundation in key regions such as Europe, Asia-Pacific, and Africa, despite experiencing short-term fluctuations in 2024 due to local inventory issues [3] - As of 2025, the European storage market demand is significantly recovering, leading to a resurgence in the company's storage business, supported by an expanding pool of quality customer resources and a steady increase in orders from core clients [3] Group 3: Strategic Initiatives and Future Outlook - The company has implemented an equity incentive plan targeting key management and technical personnel to strengthen its talent foundation and align with its long-term strategic goals [3] - The company expresses clear and firm confidence in its future development prospects, aiming to leverage the collective efforts of its core team to achieve long-term value growth [3] - The company ensures compliance with information disclosure regulations, maintaining the accuracy and timeliness of disclosed information without any significant leaks of undisclosed material information [3]