Range Intelligent Computing Technology Group Company (300442) Q4 2024 earnings summary

Executive summary

• Achieved revenue of ¥4.36 billion in 2024, up 0.32% year-over-year; net profit attributable to shareholders was ¥1.79 billion, up 1.62% year-over-year.

• Operating cash flow increased 68.37% to ¥2.09 billion; total assets reached ¥31.31 billion, up 34.31% from prior year-end.

• Company delivered 14 computing centers with over 82,000 cabinets, with mature centers exceeding 90% utilization.

• Maintained industry leadership in AI data center (AIDC) and liquid cooling technology, with AIDC revenue up 21.03% year-over-year.

Financial highlights

• Revenue: ¥4.36 billion (+0.32% YoY); net profit: ¥1.79 billion (+1.62% YoY); EPS: ¥1.04.

• Operating cash flow: ¥2.09 billion (+68.37% YoY); gross margin: 48.93%.

• AIDC revenue: ¥1.45 billion (+21.03% YoY); IDC revenue: ¥2.91 billion (-7.56% YoY).

• R&D investment: ¥150 million, 3.45% of revenue.

Outlook and guidance

• Plans to continue expanding computing center delivery and utilization, focusing on high-density, green, and intelligent infrastructure.

• Will accelerate horizontal M&A, increase R&D, and expand light-asset O&M services.

• 2025 guidance includes full ramp-up of new 100MW and 200MW AI data centers.