Sharetronic(SZ:300857)2023-11-03 12:18Company Overview - Founded in November 2005, Xiechuang Data was listed on the Shenzhen Stock Exchange on July 27, 2020 [1] - Engaged in the research, production, and sales of IoT smart terminals and data storage devices in the consumer electronics sector [1][3] Financial Performance - For the first three quarters of 2023, the company achieved a revenue of CNY 3.228 billion, representing a year-on-year growth 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% increase [3] Product Segments IoT Smart Terminals - Main products include smart cameras, smart doorbells, robotic vacuum cleaners, and smart wearables [1][3] - Gross margin increase attributed to smart manufacturing reducing production costs and the sales of self-developed health-related new products [4] Data Storage Devices - Products include solid-state drives (SSD), mechanical hard drives, and NAS storage devices [3] - Growth driven by the demand for high-performance storage servers due to the rapid development of AI and cloud computing [3] Market Strategy - Established long-term partnerships with major tech companies such as Lenovo, Anker Innovations, and Xiaomi [3] - Focus on expanding both domestic and international markets, with domestic revenue at CNY 998 million (54.27% of total revenue) and international revenue at CNY 841 million (45.73% of total revenue) for the first half of 2023 [4] Future Outlook - The company plans to enhance its cloud platform capabilities and integrate AI technologies to improve service offerings [5][6] - Anticipates a positive trend in Q4 2023 performance, supported by a robust order backlog and increased R&D investment [5][6]