Sharetronic(SZ:300857)2023-11-13 10:28Company Overview - Xiechuang Data was established in November 2005 and listed on the Shenzhen Stock Exchange on March 27, 2020 [1] - The company focuses on the research, production, and sales of IoT smart terminals and data storage devices in the consumer electronics sector [1] Financial Performance - In the first three quarters of 2023, the company achieved revenue of CNY 3.228 billion, a year-on-year increase of 46.37% [3] - The net profit attributable to shareholders reached CNY 196 million, up 69.10% year-on-year [3] - The net profit after deducting non-recurring gains and losses was CNY 191 million, reflecting an 88.24% year-on-year growth [3] Data Storage Segment - The growth in the data storage segment is attributed to: - The increasing importance of data in the AI and big data era, leading to unprecedented challenges and opportunities [3] - The rapid development of AI cloud computing, creating new demands for high-performance storage servers [3] - Continuous expansion of domestic and international customer bases [3] - Main products in the data storage segment include HDDs, SSDs, and NAS storage devices [4] Customer Relationships - Key clients in the data storage sector include Lenovo Group and Buffalo (Japan) [4] - The company maintains long-term stable partnerships through a comprehensive business system that includes product planning, development, manufacturing, logistics, and after-sales service [4] Future Outlook - The company has a robust order backlog and plans to enhance R&D and market competitiveness [5] - Strategic focus will be on cloud video, cloud entertainment, and cloud manufacturing, with an emphasis on IoT cloud platforms and smart home services [5]