Neoway(SH:688159)2023-11-10 10:56Group 1: Company Overview - Shenzhen Youfang Technology Co., Ltd. was established in 2006, focusing on cloud management and IoT solutions, providing stable and secure big data solutions for digital transformation in traditional industries [4]. Group 2: Market Entry and Strategy - The company began entering the data storage market in June 2023 by registering a dedicated subsidiary and forming strategic partnerships with leading industry players [5][6]. - The domestic storage market is estimated to be a trillion-level market, with significant growth potential due to policies favoring domestic products [7]. Group 3: Business Progress and Future Plans - In August 2023, the company signed a data storage disaster recovery contract worth RMB 42,606,911, which has been delivered, with additional orders expected [6]. - The company aims to focus on high-end storage as a key development direction, with an average gross margin expected to exceed 20% [7]. Group 4: Customer Base and Market Focus - The primary customer base includes large data centers and vertical sectors such as finance, oil, and electricity, particularly targeting large B-end clients with high demands for domestic and secure data solutions [7]. Group 5: Expansion into Computing Power - The initial motivation for entering the computing power market was to drive storage business growth, but subsequent policy changes led to a focus on computing power leasing [8].