LCXX(SZ:000977)2024-05-15 10:31Group 1: Company Growth and Market Position - The company has established a "meta-brain ecosystem" with over 10,000 partners, significantly increasing from approximately 5,000 partners in 2022, marking a breakthrough in collaboration [1] - The liquid cooling server market in China is expected to grow at a compound annual growth rate (CAGR) of 45.8% from 2023 to 2028, reaching a market size of $10.2 billion by 2028 [2] Group 2: Financial Performance and Challenges - In Q1 2024, the company reported a revenue of 17.606 billion yuan, a year-on-year increase of 85.32%, despite a significant increase in impairment losses of over 200 million yuan [6] - The decline in gross margin is attributed to changes in customer and product structure, with low-margin customers contributing a larger share of revenue [2] Group 3: Investor Relations and Transparency - The company acknowledges the need for improved voluntary disclosure of performance forecasts and significant investment information to enhance investor understanding [3] - Management emphasizes the importance of a transparent and stable capital market, committing to strengthen information disclosure and corporate governance [4] Group 4: Strategic Initiatives and Future Outlook - The company aims to enhance its market share in the liquid cooling sector by optimizing product design and production efficiency [2] - Plans to expand its AI computing capabilities and adapt to market demands for computing resources are in place, with a focus on integrated AI solutions [7]