China Bester (603220)2024-11-27 09:43Group 1: Company Overview and Financial Performance - The total computing power currently in use exceeds 10,000 P, primarily distributed in Shanghai, Qinghai, Hubei, and Anhui [2] - In the first half of 2024, the computing power business achieved revenue of 142 million [2] - The company plans to consider separating the computing power business as revenue scales up [2] Group 2: New Energy Business Development - The new energy production line is implemented by the subsidiary Zhongbei (Anhui) New Energy Co., Ltd., with construction of the factory and supporting buildings completed [2] - The project aims to achieve an annual production capacity of 5 GWh for lithium-ion power batteries and energy storage systems [2] Group 3: Client Base and Market Expansion - Major clients for the computing power business include large model manufacturers with AI computing needs, industry vertical clients, universities, and research institutions [2] - The company is focusing on overseas business as a key growth direction, particularly in regions along the Belt and Road Initiative, including the Middle East, Southeast Asia, and Africa [3] Group 4: International Business Strategy - The company has seen steady development in regions such as Saudi Arabia, the Philippines, and South Africa, enhancing its overseas project delivery capabilities and service quality [3] - The overall gross margin for overseas contracting services is higher than that of domestic business [3] - The company will continue to support international business development and expand new clients in overseas energy storage and computing power [3] Group 5: Site Selection for Computing Centers - The selection of computing center locations is primarily based on customer demand, local policy support, and energy costs [3]