Hainan Jinpan Smart Technology Co.,Ltd. Chief Strategy Officer Jing Peiran recently shared insights on AI power infrastructure, digital manufacturing, global expansion, and the latest progress on solid-state transformers (SST) during the 20th Frost & Sullivan Global Growth, Innovation, and Leadership Summit in Shanghai.
Jing noted that as single-cabinet power and overall data center energy consumption surge, the importance of power equipment is further highlighted. While not necessarily the largest cost component in a data center's total investment, it directly determines the stable operation of the entire facility. Higher-value, higher-density computing infrastructure demands a reliable, efficient, and delivery-assured power supply system. AI's impact extends beyond simple incremental demand for traditional power equipment. New energy scenarios like offshore wind and desert solar impose differentiated requirements for insulation, temperature control, and voltage regulation, while data centers prioritize efficiency, footprint, delivery cycle, and lifecycle management.
Public data shows that in 2025, Hainan Jinpan Smart Technology Co.,Ltd.'s revenue from the data center sector grew 196.78% year-on-year. According to Jing, customers need more than just individual products like transformers and switches; they also expect suppliers to engage earlier in the power design and system configuration phase. Traditional transformer manufacturing has long been process-driven, with winding, welding, encapsulation, and testing steps heavily reliant on experience. Jing explained that since 2019, the company has been advancing digital upgrades at its domestic production bases, integrating production, orders, supply chain, and financial data into a unified system. The value of digitalization goes beyond simply adding more screens in the workshop; it transforms previously manual processes into traceable, schedulable, and replicable workflows. For customers, the production status of an order can be visualized more clearly. For the company, production scheduling and supply chain coordination across different bases now have more timely data-driven support. These changes ultimately aim to shorten delivery cycles and improve delivery reliability. Furthermore, the company has begun offering some digital factory solutions to peers, evolving digitalization from an internal capability into a replicable product.
Hainan Jinpan Smart Technology Co.,Ltd.'s international expansion has been underway for years. The company went public on the US stock exchange via a red-chip structure in February 1998, delisted from the Nasdaq in April 2016, dismantled the red-chip structure in April 2017 to transfer control back to mainland China, and finally listed on the STAR Market in 2021. Currently, the company has production bases in the US, Mexico, and Malaysia. Jing emphasized that power equipment relies heavily on delivery and after-sales service. Local manufacturing, warehousing, and service networks help the company penetrate deeper into the supply chains of large customers, improving response efficiency.
During the discussion, Jing highlighted the solid-state transformer (SST). Compared to traditional transformers, SST uses power electronic devices to achieve voltage conversion and energy control, reducing some power conversion steps and enabling more flexible connections between the grid, green energy, energy storage, and loads. It is seen as a potential "energy router" for data center power supply systems. With the maturation of third-generation semiconductor technologies like silicon carbide, and as AI data centers begin exploring 800V DC power architectures, SST is approaching a clearer window for industrialization. Jing noted that Hainan Jinpan Smart Technology Co.,Ltd. has been advancing related R&D since 2024, completing several generations of prototypes and sending samples to some overseas leading customers for testing. Verification under complex operating conditions will lay the groundwork for subsequent customer certifications and volume orders.
In conclusion, Jing emphasized that from digital manufacturing and global service networks to SST technology, Hainan Jinpan Smart Technology Co.,Ltd. is transforming its three decades of power equipment experience into new capabilities for the AI infrastructure era. The deeper the computing race progresses, the more it demands a reliable power foundation. The company is also evolving from a single equipment supplier into a power system integrator, opening up greater growth potential in a new industrial landscape.
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