HANGZHOU ZHONGHENG(002364)2025-02-28 12:06Company Overview - The company is Hangzhou Zhongheng Electric Co., Ltd., with stock code 002364 [1] - The report covers investor relations activities conducted from February 24 to February 28, 2025, in multiple cities including Beijing, Shanghai, Wuxi, and Hangzhou [2] Financial Performance - In the first three quarters of 2024, the company achieved total operating revenue of CNY 1.179 billion, representing a year-on-year growth of 20.53% [3] - Net profit for the same period was CNY 85.981 million, showing a significant year-on-year increase of 183.38% [3] - The growth in performance is primarily attributed to the increase in revenue from data center power products [3] Product and Market Insights - Key products in the data center sector include the Panama power module series, AC power modules, and critical DC power supplies [3] - The company serves major clients such as Alibaba, Tencent, and various telecommunications operators, as well as third-party data center operators like GDS [3] Competitive Advantages - The company is a leader in high-voltage direct current (HVDC) green power supply technology and has established national standards for 240V/336V DC power supply systems [3] - It has been recognized as a champion enterprise in the manufacturing sector by the Ministry of Industry and Information Technology [3] Future Strategies - The company plans to expand its overseas market presence while maintaining its existing customer base and focusing on new customer needs [4] - There is a commitment to increasing research and development investments to drive high-quality growth [4] - The gross margin for the first three quarters of 2024 increased due to improved margins in communication power systems and data center products [4] Production Capacity - The company’s production facility in Fuyang has nearly 100,000 square meters of production area, which is currently sufficient to meet market order demands [4]