Envicool(002837)2025-04-23 10:50Financial Performance - In 2024, the company achieved an operating revenue of 458,881.95 million yuan, a year-on-year increase of 30.04% [3] - The net profit attributable to shareholders was 45,266.44 million yuan, up 31.59% from the previous year [3] - The net profit after deducting non-recurring items was approximately 430 million yuan, reflecting a growth of about 35.87% [3] - The comprehensive gross margin for 2024 was 28.75%, a decrease of 1.00% [3] - In Q1 2025, the company reported an operating revenue of 933 million yuan, a year-on-year increase of 25.07% [4] - The net profit attributable to shareholders in Q1 2025 was 48.01 million yuan, down 22.53% [4] Business Segments Data Center Cooling - Revenue from data center cooling energy-saving products reached 2.441 billion yuan, accounting for 53.19% of total revenue, with a year-on-year growth of 48.83% [3] - The liquid cooling technology has been rapidly adopted, with cumulative deliveries reaching 1.2GW by March 2025 [4] Cabinet Cooling - Revenue from cabinet cooling energy-saving products was 1.715 billion yuan, representing 37.37% of total revenue, with a year-on-year increase of 17.03% [3] - Revenue from energy storage applications was approximately 1.5 billion yuan, reflecting a growth of about 22% [4] Other Businesses - Revenue from electronic cooling and server temperature control products has been integrated into major tech companies' systems, enhancing market presence [5] - The company is expanding its market in the electric vehicle sector and cold chain logistics, with significant growth in sales of new energy refrigerated vehicles [6] Cost and Expenses - Sales expenses for 2024 were 206 million yuan, an increase of 18.66% [3] - R&D expenses reached 350 million yuan, up 32.98% [3] - Management expenses totaled 198 million yuan, reflecting a growth of 28.75% [3] Future Outlook - The company aims to solidify its position in the large cloud computing data center market and expand sales of indirect evaporative cooling products [6] - Plans to enhance overseas market penetration, particularly in liquid cooling technology [6] - Continuous innovation and upgrading of energy storage liquid cooling products are prioritized to maintain competitive advantage [6] Investor Relations - The meeting included 46 investors from various securities firms, indicating strong interest in the company's performance and future strategies [2] - The company emphasized its commitment to transparency and accurate information disclosure during the investor meeting [4]