China Bester (603220)2024-05-16 10:31Group 1: Investment Projects Progress - The Hefei Intelligent Computing Center is currently implementing the electromechanical supporting system, with server installation conditions expected to be ready by early June [2] - The Hefei Power Battery Production Base project is progressing with the main plant's steel structure installation, and the dormitory building is expected to be completed by the end of the month [2] - The foundation construction is expected to be completed by early July, with simultaneous installation of production line equipment [2] Group 2: Strategic Development in Computing Power - The company aims to build a low-carbon, green, and sustainable cross-regional intelligent computing power cluster, focusing on five major centers including Wudang and Hefei [3][12] - Plans include rapid deployment of intelligent computing centers nationwide, with additional services for the Beijing-Tianjin-Hebei region [3][12] - The company will leverage its advantages in channel and resource integration to establish overseas computing power clusters [3][12] Group 3: Financial Activities and Fundraising - The company successfully issued convertible bonds to unspecified investors, raising 517 million yuan [4] - The company maintains sufficient bank credit and can utilize financing leasing and other methods to support business development [4] - The recent share transfer of 5% was primarily due to asset allocation plans and funding needs, with no adverse impact on company governance [6][10][12] Group 4: Future Outlook and Market Position - The company is committed to enhancing operational efficiency and achieving sustainable growth, aiming to provide excellent returns to shareholders [6][10] - The company is actively preparing for the commercialization of 6G technology and has established a 6G research institute [5][12] - The company plans to provide approximately 2000P of computing power services in the first phase of the Hefei Intelligent Computing Center [5][12] Group 5: Collaboration and Partnerships - The company has a good cooperative relationship with BYD, particularly in the battery production sector [5] - The company maintains communication with leading server manufacturers to meet customer needs [7][12] - The company is focused on developing vertical model businesses in collaboration with major model manufacturers, leveraging over 30 years of experience in the telecommunications industry [3][12]