新数据中心进驻稍慢于预期。MEGA IDC 第一期已投入使用，提供约 50 万平方呎总楼面面积及 50 兆 瓦电力容量。以电力容量计算，该设施成将为中国香港最大的数据中心，首批占总楼面面积约 30%的 客户已进驻并开始营运。但因本已承诺租用约30%面积的另外一家主要云服务供货商，转租同系列 MEGA CAMPUS 的另一数据中心，延后了进驻及营运比例，总在营运容量仅同比上升约3%至104MW （2024 财年：101MW）。展望未来两至三年，公司收入增长将主要来自：1）MEGA IDC 未来数期的 总楼面面积还将合共额外增加 700,000 平方呎及额外130MW 电力容量；以及2）成熟项目每年约3-5%续 租租金调升。 机构：交银国际 研究员：谢骐聪 2025 财年业绩稍低于预期。2025 财年公司收入29.38 亿元（港元，下同），同比增长10.0%，主因新数 据中心带来电力容量及新数据中心爬坡拉动。因租金收入构成及成本优化，EBITDA 利润率同比轻微上 升约3 个百分点至72%。经调整EBITDA 为21.28 亿元，同比上升15%，稍低于我们2025 财年预测的约 22 亿元，主要是由于MEGA I ...

Investment Rating - The report maintains a neutral rating for the company with a target price of HKD 8.58, corresponding to approximately 20 times the 2026 EV/EBITDA, which is similar to leading international data center operators [1][3][5]. Core Insights - The company's fiscal year 2025 performance was slightly below expectations, with revenue of HKD 2.938 billion, representing a year-on-year growth of 10.0%. This growth was primarily driven by new data centers contributing to power capacity and ramp-up [1][2]. - The adjusted EBITDA for fiscal year 2025 was HKD 2.128 billion, a 15.1% increase year-on-year, but slightly below the forecast of approximately HKD 2.2 billion due to a delay in tenant occupancy at MEGA IDC Phase 1 [1][2]. - The company expects revenue growth in the next two to three years to be driven by additional floor space and power capacity from future phases of MEGA IDC and annual rental increases of approximately 3-5% from mature projects [1][2]. Summary by Sections Financial Performance - Revenue for fiscal year 2025 was HKD 2,938 million, up 9.9% from HKD 2,674 million in fiscal year 2024 [2]. - Adjusted EBITDA increased to HKD 2,128 million, with an EBITDA margin rising to 72.4%, up 3.3 percentage points from the previous year [2]. - Operating cash flow rose by 23.5% to HKD 2,063 million [2]. Operational Developments - The first phase of MEGA IDC has commenced operations, providing approximately 500,000 square feet of total floor area and 50 MW of power capacity, making it the largest data center in Hong Kong by power capacity [1]. - The operational capacity increased by approximately 3% year-on-year to 104 MW [1]. Future Outlook - The company anticipates a decline in capital expenditures from HKD 29.7 billion last year to approximately HKD 11.8 billion in fiscal year 2025, indicating a peak in capital spending and interest rate cycles [1]. - The report suggests that the current valuation reflects the positive fundamental drivers, with limited short-term upside unless the pace of new project occupancy accelerates [1].

截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 公司名稱: 新意網集團有限公司 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01686 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 10,000,000,000 | | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | 0 | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | 本月底 ...

Market Overview - A-shares market showed a slight decline on the morning of September 3, with major indices experiencing minor adjustments, while the ChiNext index briefly strengthened [1][2][5] - The Shanghai Composite Index opened high but fell, with a drop exceeding 40 points at one point, while the Shenzhen Component Index performed relatively well [5] Individual Stock Performance - Despite the overall market adjustment, individual stocks remained active, with several stocks hitting the daily limit up [2][9] - EVE Energy saw a significant increase, with an intraday rise exceeding 14%, and its market capitalization fluctuated around 130 billion yuan [5] - Another leading stock in the ChiNext, Sungrow Power Supply, also surged, with an intraday increase of over 10%, bringing its latest market capitalization to over 220 billion yuan [5] Sector Performance - In terms of industry sectors, internet, comprehensive, electrical equipment, and semiconductor sectors led the gains, while multi-financial and transportation equipment sectors lagged [6] - Concept sectors such as lithography machine and electronic paper saw strong performance, with lithium mining concepts also performing well, although their gains narrowed later [7] Stock Trading Alerts - DeXin Technology hit the daily limit up for the fourth consecutive trading day, issuing a risk alert due to significant price fluctuations [10] - Bojie Co. also reached the daily limit up for the third consecutive day, confirming no undisclosed matters affecting its stock price [11] - Baiyin Nonferrous Metals hit the daily limit up for the third consecutive day, with a significantly high static P/E ratio compared to its industry peers [12] Hong Kong Market Overview - The Hong Kong market opened high but turned lower, with the Hang Seng Index experiencing a decline [13][14] - Among the Hang Seng Index constituents, companies like Zhongsheng Holdings, CSPC Pharmaceutical Group, and Xinyi Solar saw notable gains [15] Company Earnings - NIO Inc. reported its Q2 2025 earnings, with total revenue of 19.0087 billion yuan (approximately 2.6535 billion USD), a 9.0% increase year-over-year and a 57.9% increase quarter-over-quarter [16] - The net loss for NIO in Q2 2025 was 4.9948 billion yuan (approximately 0.6972 billion USD), a decrease of 1.0% year-over-year and 26.0% quarter-over-quarter [16] - NIO's vehicle delivery volume reached 72,056 units in Q2 2025, marking a 25.6% increase year-over-year and a 71.2% increase quarter-over-quarter [16] Stock Performance in Hong Kong - Neway Group experienced a significant drop, with an intraday decline exceeding 16%, despite reporting strong financial performance for the year ending June 30, 2025 [17]

微创机器人-B(02252)再涨超10%，机器人行业再迎热度，公司商业化进程稳健推进。 东阳光药(06887)涨近7%，中期毛利14.68亿元，伊非尼酮关键数据亮相美国IPF峰会。 创胜集团-B(06628)拉升逾28%，中期净亏损同比收窄17.9%，TST001研究数据首次亮相ASCO。 金界控股(03918)涨超6%，上半年业绩超出市场预期，花旗称Naga3项目不确定性仍存。 绿色动力环保(01330)涨超7%，上半年归母净利同比增加24.49%，供汽业务成为业绩增长核心引擎。 汇量科技(01860)涨7.9% ，上半年收入同比大增四成，机构看好Mintegral平台飞轮效应持续释放。 赤子城科技(09911)再涨超6%，上半年纯利增近1.2倍，今年集团毛利率有望同比大幅优化。 四环医药(00460)再涨超7%，上半年实现扭亏为盈，AI+医美战略布局进入实质性阶段。 国富量子(00290)再涨6.86%，年内累计涨幅已近1.8倍，公司携手华检医疗推进RWA生态构建。 新意网集团(01686)绩后跌超17%，全年纯利同比增8%至9.79亿港元。 恒生生物科技指数逆市上扬1%；指数成份股中，微创机器人（022 ...

公司称将致力于严谨地控制资本及营运开支，并将继续优先投资于需要先进基础设施且预期产生高于市 场回报的优质项目。透过优化资本配置及维持审慎的资产负债表，公司具备良好条件以提升回报及巩固 稳健的财务实力。经调整的资产负债率维持在44%或在不包括股东贷款在内的情况下为31%的健康水 平。 新意网集团(01686)跌超15%，截至发稿，跌15.29%，报6.87港元，成交额2.23亿港元。 消息面上，新意网集团发布截至2025年6月30日止的全年业绩。受现有设施及新数据中心(如MEGA IDC 第一期)容量增加的显著贡献推动，收入同比上升10%至29.38亿港元。EBITDA同比上升15%至21.28亿 港元，利润率由69%增加至72%。公司股东应占溢利同比上升8%至9.79亿港元。公司指，尽管由于 MEGA IDC第一期启用后利息资本化降低，导致损益表内确认的利息支出显著上升，惟仍能取得上述增 长。董事会建议派发末期股息每股12港仙。 ...

智通财经APP获悉，新意网集团(01686)跌超15%，截至发稿，跌15.29%，报6.87港元，成交额2.23亿港 元。 消息面上，新意网集团发布截至2025年6月30日止的全年业绩。受现有设施及新数据中心（如MEGA IDC第一期）容量增加的显著贡献推动，收入同比上升10%至29.38亿港元。EBITDA同比上升15%至 21.28 亿港元，利润率由69%增加至72%。公司股东应占溢利同比上升8%至9.79亿港元。公司指，尽管 由于MEGA IDC第一期启用后利息资本化降低，导致损益表内确认的利息支出显著上升，惟仍能取得上 述增长。董事会建议派发末期股息每股12港仙。 公司称将致力于严谨地控制资本及营运开支，并将继续优先投资于需要先进基础设施且预期产生高于市 场回报的优质项目。透过优化资本配置及维持审慎的资产负债表，公司具备良好条件以提升回报及巩固 稳健的财务实力。经调整的资产负债率维持在44%或在不包括股东贷款在内的情况下为31%的健康水 平。 ...

智通财经APP讯，新意网集团(01686)发布公告，该公司将于2025年11月20日派发末期股息每股0.12港 元。 ...

新意網集團有限公司 (於開曼群島註冊成立之有限公司) (「本公司」) 提名委員會職權範圍 職能及宗旨 提名委員會(「委員會」)是由本公司董事會(「董事會」)委任。委員 會旨在向董事會就董事的任命提出建議，評估候選人的資格和能力， 以確保所有提名均屬公正和具透明度。 委員會會於需要時或應委員會成員要求召開會議。委員會之會議及程 序須受本公司經修訂及重訂組織章程細則所載的董事會會議及程序規 定所監管，惟其所述之條款須適用於委員會及不受董事會制定之規 定所取替。 職責及權力 委員會之權力是由董事會賦予，因此，除非受到法律或監管規定限 制，委員會須向董事會匯報其決定或建議。委員會並獲董事會授權，如 認為需要時，可諮詢獨立專業意見。 委員會之職責如下： 1 1. 至少每年檢討董事會的架構、人數及組成(包括技能、知識及經驗 方面)、協助董事會編制董事會技能表，並就任何為配合本公司的 公司策略而擬對董事會作出的變動提出建議； 2. 物色具備合適資格可擔任董事人士，並挑選提名有關人士出任董 事或就此向董事會提供建議； 2 成員 委員會須由獨立非執行董事佔大多數而組成，並由董事會主席或獨立 非執行董事擔任主席，其中至少一名委員 ...

新意网集团(01686)发布公告，该公司将于2025年11月20日派发末期股息每股0.12港元。 ...