Co-creation Data: Explore the new trend of the storage industry.
i.Agency Rating vs. Average Price Target.
Recently, investors and the market have been paying more attention to the data of Xiechuang on the rise. This focus is not groundless, but is based on ** and overweight ratings from a number of institutions. According to the latest data, a total of 4 institutions have rated Xiechuang data, of which 3 are ** rated and 1 is overweight. What's even more exciting is that these institutions have an average price target for the future of Synergy Data** of 787 yuan, which is not only a recognition of the company's development potential, but also provides investors with a clear investment reference.
ii.The company's market performance.
The performance of Xiechuang Data in the most recent trading day has been impressive. On the last trading day before the Spring Festival, the company's stock price was 412 yuan closed, 15 more than the previous day8%。Such an increase caused a certain sensation in the market, and the trading volume reached 20840,000 hands, with a turnover rate of 855%, with a turnover of up to 81.3 billion yuan. This series of data reflects the high level of interest and positive attitude of investors towards Xiechuang data. More importantly, this market performance may be closely related to the company's 2023 performance and future market expectations. According to the performance forecast, the net profit attributable to the parent company of Xiechuang Data is expected to increase by 110 year-on-year in 202307%-136.81%, net profit not attributable to the parent increased by 12290%-152.74%。As a leading enterprise in the storage industry, the strong growth of Xiechuang Data's future performance will be continuously recognized and supported by the market.
iii.The results exceeded expectations.
The company's performance has always been the focus of investors' attention, and the latest data is even more encouraging. According to the latest regular report, in the first three quarters of 2023, Xiechuang Data achieved revenue of 322.8 billion yuan, a year-on-year increase of 4637%；Net profit attributable to the parent company 19.6 billion yuan, a year-on-year increase of 6910%。This higher-than-expected growth has boosted investor confidence, especially in the context of macroeconomic fluctuations, and the company has been able to maintain rapid growth and fully demonstrate its future development potential. The company's products have advanced from consumer to industrial level, and the future growth space is unlimited. According to the data, after the company's fund-raising project reaches production, it will add 9.5 million smart camera production capacity, 9.5 million data storage devices, 1 million sweeping robots, and 6 million smart wearable devices. The implementation of these new projects will provide strong support for the company's future performance growth.
iv.Overseas Business & Profitability.
In addition to its outstanding performance in the domestic market, the overseas business of Xiechuang Data has also become an important support for the company's profitability. At present, the company focuses on the development of markets such as the United States, Southeast Asia, and Europe, and the proportion of overseas revenue continues to increase. According to some meeting minutes, there will be a significant increase in orders in the first two months of 2024 after Christmas overseas, and it is expected that the first quarter will increase significantly in terms of revenue and profit compared to the previous quarter. Among them, the sales of server machines in Southeast Asia, Hong Kong and some European markets continue to grow, and the sales growth of complete machines in the second quarter will achieve rapid growth. In addition, the performance growth of the cloud** platform will drive the company's overall gross profit margin to continue to improve, and profitability will continue to rise. According to the company's February 6 reception of institutional investors, the number of access devices and users of the company's first-class cloud platform has continued to grow, and a small amount of revenue has been generated. Among them, the number of users of the smart camera cloud business has reached the million level.
v.Big Data & Storage Market Outlook.
With the advent of the era of big data, the global data volume has shown geometric rapid growth, and some institutions predict that the global data volume will increase to 181ZB in 2025. Behind these data is the widespread growth of storage demand, coupled with the effect of production reduction, the cycle inflection point of the storage market has quietly arrived. According to industry analysis, the storage industry is expected to usher in an upward cycle of economic recovery in 2024, and as one of the leading storage companies, Xiechuang Data will usher in new development opportunities. The company is constantly expanding its old and new businesses to prepare for market changes. In this era full of challenges and opportunities, Xiechuang Data, with its strong technical strength and good market performance, will surely set off a new trend in the storage industry.
vi.Conclusions and prospects.
As a leader in the storage industry, Xiechuang Data has made remarkable achievements in recent years, and it is still full of infinite possibilities in the future development. The company has performed well in both domestic and foreign markets, and is expected to further expand its market share and achieve more considerable performance growth in the future. With the advent of the era of big data, the development prospects of the storage industry are very broad, and Xiechuang data will play an increasingly important role in this field. It is believed that in the near future, Xiechuang Data will become one of the leading enterprises in the storage industry, injecting new vitality and impetus into the development of the industry.
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