证券代码：300857 证券简称：协创数据 公告编号：2025-043 协创数据技术股份有限公司 关于"对等关税"政策调整对公司影响的 自愿性信息披露公告 公司客户覆盖欧洲、亚太地区、拉丁美洲等全球主要市场，产品 应用于智能家居、物联网设备、消费电子等多个领域，对单一区域的 依赖度较低。 二、公司供应链与成本管控能力突出，抗风险优势显著。 1.公司供应链多元化与国产化率高 公司业务的核心原材料采购渠道以国内供应商为主，同时在对关 键元器件的采购已建立了日本、韩国、欧洲等替代渠道，国际物流及 关税风险整体可控。 2. 柔性化生产与订单弹性管理 公司通过智能化产线实现快速产能切换，优先保障在手订单需求。 目前在手订单充足，各项业务均稳步推进中，预计盈利能力受到影响 较小。 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 近日，美国政府宣布根据"对等关税"政策的新一轮加征关税计 划，引发市场高度关注。协创数据技术股份有限公司（以下简称"公 司"）密切关注相关政策动态，及时评估政策变化对公司业务的影响， 现就相关事项说明如下： 一、公司直接出口美国的产品收入占比较小， ...

公司近一年市场表现 事件描述 | 年 市场数据：2025 4 | 月 | 日 8 | | | --- | --- | --- | --- | | 收盘价（元）： | | | 90.91 | | 年内最高/最低（元）： | | | 141.88/44.22 | | 流通 A 股/总股本（亿 | | | 2.45/2.45 | | 股）： | | | | | 流通 股市值（亿）： A | | | 222.33 | | 总市值（亿）： | | | 222.96 | | 年 基础数据：2024 | 12 | 月 | 日 31 | | | --- | --- | --- | --- | --- | | 基本每股收益(元)： | | | | 2.83 | | 摊薄每股收益(元)： | | | | 2.83 | | 每股净资产(元)： | | | | 13.20 | | 净资产收益率(%)： | | | | 21.22 | | 资料来源：最闻 | | | | | 消费电子组件 协创数据（300857.SZ） 买入-A(维持) 全年业绩保持高增，算力业务驱动未来增长 2025 年 4 月 9 日 公司研究/公司快报 方闻千 ...

Investment Rating - The report maintains a "Buy-A" rating for the company, indicating a strong expected performance relative to the benchmark index [1][7]. Core Insights - The company achieved a revenue of 7.41 billion yuan in 2024, representing a year-on-year growth of 59.08%. The net profit attributable to shareholders reached 692 million yuan, a significant increase of 140.80% year-on-year [3][9]. - The company's data storage business saw a revenue of 4.46 billion yuan, growing by 54.98%, while the AIoT terminal business generated 2.26 billion yuan, up by 60.82% [4]. - The gross margin improved to 17.36%, an increase of 3.79 percentage points from the previous year, driven by a higher proportion of high-margin businesses and cost management [4]. Financial Performance - The company is projected to achieve earnings per share (EPS) of 4.43, 5.80, and 7.47 yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (P/E) ratios of 20.52, 15.68, and 12.17 [7][9]. - The net profit margin for 2024 was 9.27%, an increase of 3.13 percentage points compared to the previous year [4][9]. - The company plans to invest up to 3 billion yuan in server procurement to enhance its computing power rental services, with a global network of 25 supercomputing centers established [5][9]. Business Segments - The data storage segment is expanding due to investments in self-developed storage chips and server storage for computing power [4]. - The AIoT terminal segment is growing rapidly, with significant contributions from cloud video platforms and overseas smart security [4]. - The server remanufacturing business is also gaining traction, with increasing sales and production capacity [4]. Future Outlook - The company is positioned to benefit from the growing demand for intelligent computing centers and computing power leasing, with partnerships established with leading enterprises in various sectors [5][6]. - The overall revenue forecast for the company is expected to reach 10.19 billion yuan in 2025, with a year-on-year growth rate of 37.5% [9].

Core Viewpoint - The company held its 2024 annual performance briefing, highlighting strong growth in revenue and net profit, alongside strategic developments in various business sectors, including AI, cloud services, and smart IoT devices [1][11][14]. Group 1: Financial Performance - In 2024, the company achieved a revenue of 74.10 billion yuan, representing a year-on-year increase of 59.08% [11][14]. - The net profit attributable to shareholders was 6.92 billion yuan, up 140.80% from the previous year [11][14]. - The net profit after deducting non-recurring gains and losses was 6.71 billion yuan, reflecting a growth of 144.33% year-on-year [11][14]. Group 2: Business Strategy and Development - The company is focusing on developing new capabilities in computing power and embodied intelligence, while maintaining its core business in storage devices and IoT terminals [1][5]. - The strategic core is centered around an "intelligent IoT ecosystem," integrating smart terminals, computing infrastructure, and cloud services [1][19]. - The company has established a comprehensive product system in the smart IoT terminal field, covering AIoT hardware, data storage terminals, edge computing devices, and smart control terminals [1][19]. Group 3: Market and Product Insights - The company is actively expanding its server recycling business, which is primarily aimed at sales rather than self-use [4][6]. - The demand for server recycling is strong, and the company is increasing its investment to enhance competitiveness in this area [4][6]. - The company’s overseas revenue is mainly derived from sales to regions such as Hong Kong, Singapore, and India, with a low proportion of direct sales to the U.S. [15][19]. Group 4: Future Outlook - The company plans to continue expanding its computing power service sector and aims to become a leading comprehensive cloud service platform globally [5][20]. - The company is also focusing on the development of service robots, including machine dogs and humanoid robots, to enhance its advanced manufacturing capabilities [2][5]. - The company is committed to maintaining a robust talent management system to support its growth and development [4][5].

Investment Rating - The report maintains a "Buy" rating for the company [1][7] Core Views - The company has shown continuous high growth in performance, with a focus on expanding its computing power services and robotics sector [1][6] - In 2024, the company achieved a revenue of 7.41 billion yuan, representing a year-on-year growth of 59.08%, and a net profit of 692 million yuan, up 140.80% year-on-year [4][8] - The company is actively expanding its computing power services and has obtained NVIDIA Cloud Partner certification, enhancing its capabilities in AI model services and cloud computing [6] Financial Performance - The company reported a significant increase in revenue across various business segments, with intelligent IoT business revenue reaching 2.26 billion yuan, up 60.82% year-on-year [5] - The overall gross margin improved by 3.81 percentage points to 17.36% in 2024, driven by high-margin businesses [5][10] - The company forecasts revenues of 10.95 billion yuan, 14.52 billion yuan, and 18.55 billion yuan for 2025, 2026, and 2027 respectively, with net profits projected at 1.09 billion yuan, 1.55 billion yuan, and 2.06 billion yuan [7][8] Business Expansion - The company is strategically focusing on the robotics sector, integrating its subsidiary to enhance its capabilities in developing products like robotic dogs and humanoid robots [6] - Collaborations with major enterprises in cloud computing and AI applications are underway, indicating a robust growth trajectory in these areas [6][8]

Investment Rating - The report maintains a "Buy" rating for the company [3][5]. Core Viewpoints - The company has achieved rapid revenue growth, with a reported revenue of 7.41 billion yuan in 2024, representing a year-on-year increase of 59.08%. The net profit attributable to shareholders reached 692 million yuan, up 140.80% year-on-year [1]. - The company is expanding into the AI computing rental and cloud service sectors, having obtained NVIDIA CLOUD PARTNER certification, which enhances its capabilities in these areas [2]. - The company is also venturing into the robotics field, establishing a subsidiary focused on advanced intelligent manufacturing, including service robots and humanoid robots [3]. Financial Performance - In 2024, the company reported a revenue of 7,410 million yuan, with a year-on-year growth rate of 59.1%. The net profit attributable to shareholders was 692 million yuan, reflecting a growth rate of 140.8% [4]. - The projected revenues for 2025, 2026, and 2027 are estimated at 10,126 million yuan, 12,798 million yuan, and 16,071 million yuan, respectively, with corresponding net profits of 1,040 million yuan, 1,344 million yuan, and 1,730 million yuan [4]. - The company's earnings per share (EPS) for 2024 is projected at 2.82 yuan, with a significant increase expected in subsequent years [4]. Business Segments - The data storage equipment segment generated 4.46 billion yuan in revenue, growing by 54.98% year-on-year, while the IoT smart terminal segment achieved 2.26 billion yuan, up 60.82% year-on-year [1]. - The company is leveraging its strengths in AI, big data, machine learning, and automation to enhance its core competitiveness in the intelligent manufacturing sector [3].

Core Viewpoint - The company, Xiechuang Data, has shown significant growth in its financial performance for 2024, with substantial increases in revenue and net profit, alongside changes in shareholder structure and upcoming profit distribution plans [2][3][4]. Financial Performance - The company's main revenue for 2024 reached 7.41 billion yuan, a year-on-year increase of 59.08% [2][3]. - The net profit attributable to shareholders was 691.78 million yuan, up 140.80% compared to the previous year [2][3]. - The net profit after deducting non-recurring gains and losses was 671.32 million yuan, reflecting a 144.33% increase year-on-year [2][3]. - The company's gross profit margin stood at 17.36% [2]. - The net cash flow from operating activities for 2024 was 989.95 million yuan, a significant increase of 202.41% [3]. Shareholder Changes - As of March 31, 2025, the number of shareholders increased to 29,600, representing a growth of 20.57% from the end of December 2024 [1][5]. - The average number of shares held per shareholder decreased from 9,994 shares to 8,289 shares, with an average holding value of 966,900 yuan [1]. Capital Distribution Plan - The company plans to distribute a cash dividend of 2.93 yuan per 10 shares, totaling approximately 71.86 million yuan, and to increase capital by converting reserves into equity, issuing 4 new shares for every 10 held [4][5]. Upcoming Meetings - The company will hold its 2024 annual shareholders' meeting on April 21, 2025, to discuss various proposals, including the annual report and profit distribution plan [8].

证券代码：300857 证券简称：协创数据 公告编号：2025-042 协创数据技术股份有限公司 关于证券事务代表辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 公司及董事会对胡杰女士在任职证券事务代表期间对公司发展 做出的贡献表示衷心感谢。 公司将根据《深圳证券交易所创业板股票上市规则》《深圳证券 交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 等相关规定，尽快聘任符合任职资格的人员担任公司证券事务代表， 协助公司董事会秘书开展工作。 特此公告。 协创数据技术股份有限公司 董事会 2025 年 4 月 3 日 协创数据技术股份有限公司（以下简称"公司"）董事会于近日 收到公司证券事务代表胡杰女士提交的书面辞职申请，胡杰女士因个 人原因，申请辞去公司证券事务代表职务。辞去上述职务后， 胡杰 女士将转任公司其他职务，其辞职不会影响公司相关工作的正常开展。 胡杰女士的上述辞职申请自送达董事会时生效。截至本公告披露 日，胡杰女士未持有本公司股份，亦不存在应当履行而未履行的承诺 事项。 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company [5][4]. Core Views - The company achieved a revenue of 7.41 billion yuan in 2024, representing a year-on-year growth of 59.1%, and a net profit attributable to shareholders of 0.69 billion yuan, up 140.8% year-on-year [2][11]. - The company is focusing on developing AI computing centers and computing power leasing business, having obtained NVIDIA CLOUD PARTNER qualification [3][4]. - The company is actively expanding into the service robot sector, enhancing its capabilities in advanced manufacturing [3][4]. Financial Summary - **Revenue and Profitability**: - 2024 revenue is projected at 7.41 billion yuan, with a growth rate of 59.1% year-on-year. The net profit attributable to shareholders is expected to be 0.69 billion yuan, reflecting a 140.8% increase year-on-year [2][11]. - The gross margin for 2024 is 17.36%, an increase of 3.79 percentage points year-on-year, while the net profit margin is 9.27%, up 3.13 percentage points year-on-year [2][11]. - **Future Projections**: - The company forecasts revenues of 10.02 billion yuan, 13.39 billion yuan, and 17.14 billion yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 1.03 billion yuan, 1.41 billion yuan, and 1.84 billion yuan [4][16]. - **Valuation Metrics**: - The projected P/E ratios for 2025, 2026, and 2027 are 26.9, 19.6, and 15.1 respectively, while the P/B ratios are expected to be 6.6, 5.0, and 3.8 [4][16]. Business Segments - **Data Storage Equipment**: - This segment generated revenue of 4.46 billion yuan in 2024, accounting for 60.2% of total revenue, with a year-on-year growth of 55.0% [2][11]. - **IoT Smart Terminals**: - Revenue from this segment reached 2.26 billion yuan in 2024, representing 30.5% of total revenue, with a year-on-year growth of 60.8% [2][11].

长江商报消息 ●长江商报记者 潘瑞冬 算力企业协创数据（300857.SZ）业绩持续增长。 3月31日晚间，协创数据发布2024年年报，去年，公司实现营业收入74.1亿元，同比增长59.08%；归母 净利润为6.92亿元，同比增长140.8%。公司的经营性现金流量恢复净流入状态。 年报显示，分产品来看，协创数据目前有物联网智能终端、数据存储设备和其他类3大产品，2024年营 收全部实现增长，增幅分别为60.82%、54.98%、83.89%。 近年来，协创数据加大拓展海外市场力度，2024年，公司境外营业收入达37.49亿元，营收占比超过 50%。 连续5年营收净利双增 资料显示，协创数据以"智能物联生态"作为战略核心，打造了由"智能终端+算力基建+云端服务"构成的 三位一体产业模式，于2020年7月上市。目前，协创数据有物联网智能终端、数据存储设备和其他类3大 产品。 长江商报记者注意到，协创数据的营收和净利均创出近五年来新高。上市当年，即2020年，公司实现营 业收入22.49亿元、归母净利润1亿元，到2023年，二者分别为46.58亿元、2.87亿元。期间，公司的营收 和净利实现了不间断增长。 对于业绩 ...