Entive(SZ:300911)2025-11-28 09:10Group 1: Company Overview and Business Strategy - Yitian Intelligent was established in 2003 and has over 20 years of technology accumulation in the integrated stove sector, holding a strong brand influence and industry position in the national market [2] - The company is transitioning into the computing power business, aiming to become a high-tech enterprise and explore opportunities in emerging technologies [2][3] - Yitian has become a distributor for the Italian high-end appliance brand SMEG, enhancing its brand positioning and expanding its product offerings [4] Group 2: Market Demand and Financial Outlook - The integrated stove business is closely linked to the real estate market and is currently in a "bottoming" phase, requiring time for inventory and demand recovery [4] - The company does not provide financial forecasts for annual revenue or net profit [4] Group 3: Investment and Collaboration Initiatives - Yitian is collaborating with Lloyd Private Equity to establish the Shanghai Deshu Cloud Private Equity Fund, focusing on investments in AI, big data, computing power, and advanced manufacturing [5][6] - The fund has completed the acquisition of 100% equity in Company X, specializing in AI computing services, with existing orders valued between 10 billion to 11 billion yuan, under a 5-year contract [6] Group 4: Partnerships and Technological Development - Yitian is partnering with domestic chip leader Suiyuan Technology to build a 10,000-card computing cluster, enhancing the local computing power ecosystem [6][7] - The collaboration aims to support the "East Data West Calculation" strategy and promote regional economic transformation [7]