Sharetronic(SZ:300857)2023-11-14 11:08Company Overview - Xiechuang Data was established in November 2005 and listed on the Shenzhen Stock Exchange on July 27, 2020 [2] - The company primarily engages in the research, production, and sales of IoT smart terminals and data storage devices in the consumer electronics sector [2][3] Financial Performance - In the first three quarters of 2023, the company achieved a revenue of CNY 3.228 billion, with a net profit attributable to shareholders of CNY 191 million, representing a year-on-year growth of 88.24% [3][5] - The company anticipates continued growth in its data storage device segment, supported by a robust order backlog and increased R&D efforts [5] Product Development and Strategy - The company is focusing on developing a cloud video platform based on IoT devices, aiming to enhance data storage and processing capabilities in the era of big data [3] - Future R&D investments will target cloud video, cloud computing, and health-related products, alongside existing IoT smart terminals and data storage devices [4][5] Digital Transformation - Xiechuang Data has successfully established digital factories in Dongguan, utilizing advanced technologies like video coverage and RFID to improve operational efficiency and reduce management costs [4] - The digital transformation aims to create a consulting and planning service team for other manufacturing enterprises seeking to implement digital factories [4] Market Position and Partnerships - The company has formed long-term partnerships with notable tech firms such as Lenovo, Anker Innovations, and Xiaomi's ecosystem companies [3] - The domestic storage chip localization is expected to enhance the stability and competitiveness of the local storage industry, reducing reliance on imports [4]