Sharetronic(SZ:300857) Chang Jiang Shang Bao·2025-05-28 23:52Core Viewpoint - The company, Xiechuang Data, is actively promoting its main business development by procuring servers and increasing its credit line to support operational growth [2][5]. Group 1: Procurement and Financing - Xiechuang Data plans to purchase servers from multiple suppliers, with a total contract amount not exceeding RMB 4 billion [2][3]. - The company aims to secure a new credit line of up to RMB 8 billion for 2025 to meet operational needs, bringing the total credit line application to RMB 20.5 billion [5][6]. - The procurement is essential for enhancing the company's core business and will not involve any personnel placement, land leasing, or debt restructuring [3][4]. Group 2: Financial Performance - Xiechuang Data reported significant revenue growth from 2022 to 2024, with revenues of RMB 3.148 billion, RMB 4.658 billion, and RMB 7.410 billion, reflecting year-on-year growth rates of 6.37%, 47.95%, and 59.08% respectively [7]. - Net profits also increased during the same period, reaching RMB 1.31 billion, RMB 2.87 billion, and RMB 6.92 billion, with growth rates of 3.67%, 119.46%, and 140.80% [7]. - In Q1 2025, the company achieved revenues of RMB 2.077 billion, a year-on-year increase of 18.11%, and a net profit of RMB 169 million, up 4.29% [8]. Group 3: Research and Development - Xiechuang Data has significantly increased its R&D investment, with expenditures of RMB 1.03 billion, RMB 1.56 billion, and RMB 2.41 billion from 2022 to 2024, showing growth rates of 0.55%, 52.28%, and 53.84% respectively [9]. - In Q1 2025, R&D expenses reached RMB 44.49 million, a 3.19% increase year-on-year [10]. - The company holds 395 domestic patents and has made strides in international markets, with 7 patents granted in the United States [10].