证券代码：603881 证券简称：数据港 公告编号：2025-032 号 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 24 日 14 点 00 分 召开地点：上海市静安区江场三路 238 号一楼会议室 上海数据港股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2025年第一次临时股东大会 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 24 日 至2025 年 9 月 24 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东 大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 — 1 — 股东大会 ...

证券代码：603881 股票简称：数据港 公告编号：2025-030 号 上海数据港股份有限公司 第四届监事会第七次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2、公司 2025 年半年度报告的内容和格式符合中国证监会和上海证券交易所 的各项规定，所包含的信息能从各个方面真实地反映出公司 2025 年半年度的经 营管理和财务状况等事项； 3、在公司监事会提出本意见前，未发现参与半年报编制和审议的人员有违 反保密规定的行为。 作为公司监事，我们保证公司 2025 年半年度报告所披露的信息真实、准确、 — 1 — 上海数据港股份有限公司（以下简称"公司"）第四届监事会第七次会议于 2025 年 8 月 3 日以电子邮件方式发出会议通知，并于 2025 年 8 月 13 日采取现 场结合通讯方式召开，应到监事 5 名，实到 5 名。 会议由监事会主席张颂燕女士召集并主持。会议召开符合有关法律、法规、 规章和《上海数据港股份有限公司章程》（以下简称"《公司章程》"）的规定。 会议审议并通过了以下事项： 一、《公司 2 ...

会议由董事长孙中峰先生召集并主持。会议召开符合有关法律、法规、规章 和《上海数据港股份有限公司章程》（以下简称"《公司章程》"）的规定。 会议审议并通过了以下事项： 证券代码：603881 股票简称：数据港 公告编号：2025-029 号 上海数据港股份有限公司 第四届董事会第七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海数据港股份有限公司（以下简称"公司"或"数据港"）第四届董事会 第七次会议于 2025 年 8 月 3 日以电子邮件方式发出会议通知，并于 2025 年 8 月 13 日采取现场结合通讯表决方式召开，应到董事 9 名，实到 9 名。 本议案尚需提交股东大会审议。 具 体 内 容 详 见 公 司 于 2025 年 8 月 15 日 在 上 海 证 券 交 易 所 网 站 （http://www.sse.com.cn）披露的《上海数据港股份有限公司 2025 年中期利润 分配方案的公告》（公告编号：2025-031 号）。 三、《关于召开公司 2025 年第一次临时股东大会的议案》（该项议 ...

上海数据港股份有限公司 2025 年中期利润分配方案的公告 证券代码：603881 股票简称：数据港 编号：2025-031 号 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、利润分配方案内容 根据公司 2025 年半年度报告（未经审计），公司 2025 年半年度归属于母公 司所有者的净利润为 84,958,577.73 元，母公司实现净利润 7,551,460.26 元， 公司当期实现的可供分配利润为 84,958,577.73 元，截止 2025 年 6 月 30 日，公 司可供股东分配的利润为 965,271,763.18 元。经公司第四届董事会第七次会议 审议，公司 2025 年半年度拟以股权登记日登记的总股本为基数分配利润。 为持续重视投资者中长期回报，适配行业新的发展格局，并着力提高上市公 司质量，实现公司主营业务的稳健发展。公司拟定 2025 年半年度利润分配方案 具体如下： 公司拟以实施权益分派股权登记日登记的总股本为基数，公司拟向全体股东 — 1 — 每股分配比例：每股派发现金红利人民币 ...

格隆汇8月14日丨数据港(603881.SH)公布，宁波锐鑫已于2025年8月11日至2025年8月13日期间通过大宗 交易方式减持公司股份699.98万股，于2025年8月13日通过集中交易方式减持公司股份53.15万股，上述 期间通过集中竞价和大宗交易方式累计减持所持有的公司股份753.13万股，占总股本的1.05%。宁波锐 鑫减持后持有公司股份93,028,442股，占总股本的12.95%。本次权益变动触及1%刻度。 ...

格隆汇8月14日丨数据港(603881.SH)公布上半年半年度报告，报告期内，公司实现营业收入8.11亿元， 同比增长4.13%；归属于上市公司股东的净利润8495.86万元，同比增长20.37%；归属于上市公司股东的 扣除非经常性损益的净利润6996.71万元，同比增长9.89%；每股收益为0.12元。拟向全体股东每10股派 发现金红利0.24元（含税）。 ...

转自：证券时报 人民财讯8月14日电，数据港(603881)8月14日晚间披露2025年半年报，公司上半年实现营收8.11亿元， 同比增长4.13%；实现归属于上市公司股东的净利润8495.86万元，同比增长20.37%。公司拟向全体股东 每10股派发现金红利0.24元（含税）。 ...

Important Notice [Statement by the Board of Directors, Supervisory Board, and Senior Management](index=2&type=section&id=Item%201.%20Statement%20by%20the%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20and%20Senior%20Management) The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, assuming individual and joint legal responsibilities; the company's head, chief accountant, and head of accounting department also declare the financial report's truthfulness, accuracy, and completeness - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, with no false statements, misleading representations, or major omissions, and assume individual and joint legal responsibilities[3](index=3&type=chunk) - Company head Sun Zhongfeng, chief accountant Li Jing, and head of accounting department Li Jing declare: they guarantee the truthfulness, accuracy, and completeness of the financial report in the semi-annual report[5](index=5&type=chunk) [Profit Distribution Plan](index=2&type=section&id=Item%205.%20Profit%20Distribution%20Plan) As of June 30, 2025, the company plans to distribute a cash dividend of **0.24 yuan (tax inclusive)** per 10 shares to all shareholders, based on a total share capital of **718,376,999 shares**, totaling **17.24 million yuan (tax inclusive)**, with no bonus shares or capital reserve conversion to share capital 2025 Semi-Annual Profit Distribution Plan | Indicator | Amount/Ratio | | :--- | :--- | | Net profit attributable to shareholders of the listed company | 84,958,577.73 yuan | | Profit available for distribution to shareholders in consolidated statements | 965,271,763.18 yuan | | Profit available for distribution to shareholders in parent company statements | 337,164,139.59 yuan | | Distribution basis (total share capital) | 718,376,999 shares | | Cash dividend per 10 shares (tax inclusive) | 0.24 yuan | | Total proposed cash dividend (tax inclusive) | 17,241,047.98 yuan | | Bonus shares | No | | Capital reserve to share capital | No | [Risk Statement for Forward-Looking Statements](index=2&type=section&id=Item%206.%20Risk%20Statement%20for%20Forward-Looking%20Statements) The company reminds investors that forward-looking descriptions in this report, such as future plans and development strategies, do not constitute substantive commitments and involve investment risks - Forward-looking descriptions in this report, including future plans and development strategies, do not constitute a substantive commitment by the company to investors; investors are advised to be aware of investment risks[7](index=7&type=chunk) [Significant Risk Warning](index=2&type=section&id=Item%2010.%20Significant%20Risk%20Warning) The company's potential major risks have been disclosed in 'Section III Management Discussion and Analysis' of this report - The company's potential major risks are disclosed in the 'Risks that may be faced' section of 'Section III Management Discussion and Analysis' of this report[8](index=8&type=chunk) Section I Definitions [Definitions of Common Terms](index=4&type=section&id=Definitions%20of%20Common%20Terms) This section provides definitions for common terms used in the report, covering company names, government agencies, related parties, as well as industry and technical terms such as IDC services, EPC, 5G, PUE, TCO, AI, cloud computing, big data, new infrastructure, metaverse, privacy computing, digital twin, IaaS, cloud native, and intelligent decision-making, ensuring accurate understanding of the report - This section elaborates on professional terms involved in the report, including the company, government agencies, related parties, and Internet Data Center (IDC) services, Engineering, Procurement, and Construction (EPC), Fifth-Generation Mobile Communication Technology (5G), Data Center Power Usage Effectiveness (PUE), and Total Cost of Ownership (TCO)[13](index=13&type=chunk)[14](index=14&type=chunk)[15](index=15&type=chunk) Section II Company Profile and Key Financial Indicators [Company Information](index=7&type=section&id=Item%201.%20Company%20Information) This section lists the company's basic registration information, including its Chinese name, abbreviation, foreign name, and legal representative - The company's Chinese name is Shanghai Athub Co., Ltd., abbreviated as Athub, and its legal representative is Sun Zhongfeng[17](index=17&type=chunk) [Contact Person and Contact Information](index=7&type=section&id=Item%202.%20Contact%20Person%20and%20Contact%20Information) This section provides the name, contact address, telephone, fax, and email address of the company's Board Secretary - The company's Board Secretary is Wang Yikai, with the contact address at 18th Floor, No. 14, Lane 1401, Jiangchang Road, Jing'an District, Shanghai, and email address ir@athub.com[18](index=18&type=chunk) [Brief Introduction to Changes in Basic Information](index=7&type=section&id=Item%203.%20Brief%20Introduction%20to%20Changes%20in%20Basic%20Information) This section introduces the historical changes in the company's registered and office addresses, and provides the company's website and email address - The company's registered address changed to Room 1601, No. 14, Lane 1401, Jiangchang Road, Jing'an District, Shanghai in July 2022, and the company's website is www.athub.com[19](index=19&type=chunk) [Brief Introduction to Changes in Information Disclosure and Document Placement Locations](index=8&type=section&id=Item%204.%20Brief%20Introduction%20to%20Changes%20in%20Information%20Disclosure%20and%20Document%20Placement%20Locations) This section specifies the company's chosen newspapers for information disclosure, the website address for publishing the semi-annual report, and the location where the company's semi-annual report is kept - The company's information disclosure newspapers include 'China Securities Journal' and 'Shanghai Securities News', the report is published on http://www.sse.com.cn, and the document placement location is the company's Board Secretary Office[20](index=20&type=chunk) [Overview of Company Shares](index=8&type=section&id=Item%205.%20Overview%20of%20Company%20Shares) This section provides information on the company's stock type, listing exchange, stock abbreviation, and stock code Company Stock Information | Stock Type | Listing Exchange | Stock Abbreviation | Stock Code | Former Stock Abbreviation | | :--- | :--- | :--- | :--- | :--- | | A-share | Shanghai Stock Exchange | Athub | 603881 | None | [Company's Key Accounting Data and Financial Indicators](index=8&type=section&id=Item%207.%20Company%27s%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first half of 2025, the company's operating revenue increased by **4.13%** to **810.51 million yuan**, and net profit attributable to shareholders increased by **20.37%** to **84.96 million yuan**; basic earnings per share grew by **20%** to **0.12 yuan/share**, and weighted average return on net assets increased by **0.35 percentage points** to **2.59%** Key Accounting Data for H1 2025 | Key Accounting Data | Current Period (Jan-Jun) | Prior Period | Change from Prior Period (%) | | :--- | :--- | :--- | :--- | | Operating revenue | 810,505,707.82 yuan | 778,381,858.02 yuan | 4.13 | | Total profit | 122,244,186.66 yuan | 96,595,395.40 yuan | 26.55 | | Net profit attributable to shareholders of the listed company | 84,958,577.73 yuan | 70,580,485.14 yuan | 20.37 | | Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses | 69,967,131.60 yuan | 63,671,930.13 yuan | 9.89 | | Net cash flow from operating activities | 406,755,653.82 yuan | 385,196,775.20 yuan | 5.60 | | **Current Period End** | **Prior Year End** | **Change from Prior Year End (%)** | | Net assets attributable to shareholders of the listed company | 3,283,711,859.72 yuan | 3,224,495,130.81 yuan | 1.84 | | Total assets | 7,854,626,880.16 yuan | 7,376,356,991.71 yuan | 6.48 | Key Financial Indicators for H1 2025 | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | Change from Prior Period (%) | | :--- | :--- | :--- | :--- | | Basic earnings per share (yuan/share) | 0.12 | 0.10 | 20.00 | | Diluted earnings per share (yuan/share) | 0.12 | 0.10 | 20.00 | | Basic earnings per share after deducting non-recurring gains and losses (yuan/share) | 0.10 | 0.09 | 11.11 | | Weighted average return on net assets (%) | 2.59 | 2.24 | Increased by 0.35 percentage points | | Weighted average return on net assets after deducting non-recurring gains and losses (%) | 2.14 | 2.02 | Increased by 0.12 percentage points | - During the reporting period, the company implemented the 2024 profit distribution and capital reserve to share capital plan, converting **0.2 shares** per share from capital reserves to all shareholders, adjusting the 2024 semi-annual basic earnings per share from **0.12 yuan** to **0.10 yuan**[25](index=25&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=9&type=section&id=Item%209.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Total non-recurring gains and losses for the current period amounted to **14.99 million yuan**, primarily from disposal gains/losses of non-current assets, government grants recognized in current profit or loss, and fair value changes of financial assets Non-Recurring Gains and Losses Items | Non-Recurring Gains and Losses Item | Amount (yuan) | | :--- | :--- | | Disposal gains/losses of non-current assets | 7,518,125.98 | | Government grants recognized in current profit or loss | 1,918,973.32 | | Gains/losses from changes in fair value of financial assets and financial liabilities and disposal gains/losses | 8,574,979.33 | | Other non-operating income and expenses | -459,718.24 | | Other gains and losses that meet the definition of non-recurring gains and losses | 84,635.06 | | Less: Income tax impact | 2,645,549.32 | | Total | 14,991,446.13 | Section III Management Discussion and Analysis [Industry and Main Business Overview](index=11&type=section&id=Item%201.%20Industry%20and%20Main%20Business%20Overview) The company's main business remained unchanged, primarily comprising IDC services, IDC solution services, and cloud service sales; as a critical infrastructure for the digital economy, data centers benefit from the national '14th Five-Year Plan' for digital economy development and the 'East-Data-West-Computing' project, with the market size continuing to grow healthily and evolving towards green, energy-efficient, and low-carbon directions [Main Business and Operating Model](index=11&type=section&id=Item%201.%20%281%29%20Main%20Business%20and%20Operating%20Model) The company's main businesses include IDC services (primarily wholesale, supplemented by retail), IDC solution services, and cloud service sales; leveraging efficient execution, outstanding technology, and rich experience, the company has become a professional data center service provider recognized by multiple world-class internet companies - The company's main business has not changed significantly, primarily comprising three categories: IDC services, IDC solution services, and cloud service sales[30](index=30&type=chunk) - IDC business primarily focuses on wholesale data center services, providing customized services to large internet companies or telecom operators, supplemented by retail services for small and medium-sized customers[31](index=31&type=chunk) - Leveraging efficient execution, outstanding technology, rich operational experience, and full lifecycle management advantages, the company has become one of the few professional data center service providers in China recognized by multiple world-class internet companies[32](index=32&type=chunk) - IDC solution business expands its customer base by providing design and planning consulting, project management, and overall solutions through modular core technical capabilities[33](index=33&type=chunk) - Cloud service sales business aims to deeply understand cloud service characteristics, provide sales and solutions based on customer needs, and actively explore upstream and downstream industrial chains[34](index=34&type=chunk)[35](index=35&type=chunk) [Industry Overview](index=12&type=section&id=Item%201.%20%282%29%20Industry%20Overview) Data centers are crucial infrastructure for the digital economy, benefiting from the national '14th Five-Year Plan' for digital economy development and the 'Overall Layout Plan for Digital China Construction'; the national 'East-Data-West-Computing' project has officially launched, guiding data centers towards rational layout and green, intensive development; policies promote data centers to evolve towards green, energy-efficient, and low-carbon directions, with PUE targets continuously decreasing; China's IDC market size continues to grow healthily, projected to reach **158.3 billion yuan** in 2024, a **year-on-year increase of 8.7%** - Data centers are critical infrastructure for the digital economy, with every ton of standard coal consumed generating **888,000 yuan** in digital industrialization value added and **3.605 million yuan** in industrial digitalization market value[36](index=36&type=chunk) - The national '14th Five-Year Plan' for digital economy development aims for the added value of core digital economy industries to account for **over 10% of GDP by 2025**[36](index=36&type=chunk) - The 'East-Data-West-Computing' project officially launched in February 2022, planning 8 national computing hub nodes and 10 national data center clusters, aiming for new computing capacity in national hub nodes to account for **over 60% of the national total by the end of 2025**[38](index=38&type=chunk)[39](index=39&type=chunk) - National policies promote data centers towards green, energy-efficient, and low-carbon development, targeting an average PUE of **below 1.3** for new large and super-large data centers by the end of 2025, further reducing to **below 1.25** for national hub nodes, with green power accounting for **over 80%**[40](index=40&type=chunk) China IDC Business Market Size | Year | Market Size (billion yuan) | Year-on-Year Growth (%) | | :--- | :--- | :--- | | 2024 | 158.3 | 8.7 | [Discussion and Analysis of Operations](index=14&type=section&id=Item%202.%20Discussion%20and%20Analysis%20of%20Operations) In the first half of 2025, the company maintained strategic focus in a complex market environment, expanded its business footprint, and achieved steady growth in operating performance; the company built **35 data centers** nationwide, proactively adapting to the 'East-Data-West-Computing' layout; operations and maintenance continued to optimize, achieving 'zero SLA incidents, zero violations, zero customer complaints' targets, and earning multiple industry accolades; the company continuously upgraded refined management, developing intelligent O&M and integrated business-finance platforms to enhance management efficiency; concurrently, the company actively analyzed industry developments, captured market demand, and explored diversified development opportunities - In the first half of 2025, the company built **35 data centers** from Ulaan Chab and Zhangbei in the north to Shenzhen and Heyuan in Guangdong in the south, achieving a forward-looking strategic layout in the Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area eastern hub, and corresponding core western regions[43](index=43&type=chunk) H1 2025 Operating Performance | Indicator | Amount (million yuan) | Year-on-Year Growth (%) | | :--- | :--- | :--- | | Operating revenue | 810.51 | 4.13 | | Net profit attributable to shareholders of the listed company | 84.96 | 20.37 | | Total assets | 7,854.63 | 6.48 (period-end vs. prior year-end) | | Net assets attributable to shareholders of the listed company | 3,283.71 | 1.84 (period-end vs. prior year-end) | - The company's operations and maintenance continued to optimize, maintaining and perfectly achieving the three main goals of 'zero SLA incidents, zero violations, and zero customer complaints' in the first half of 2025[45](index=45&type=chunk) - The company received industry accolades such as 'Jing'an District 2024 Excellent Energy-Saving and Carbon Reduction Unit for Key Energy-Consuming Entities', '2025 High-Quality Development Enterprise Case for Computing Infrastructure', and 'ESG Leading Practice Enterprise'[45](index=45&type=chunk) - The company developed and continuously optimized its intelligent operations and maintenance management platform and integrated business-finance platform, achieving full-chain intelligent management from equipment status monitoring to fault response, and enhancing management precision and efficiency[46](index=46&type=chunk)[47](index=47&type=chunk) - The company actively analyzed cutting-edge technology trends such as artificial intelligence, industrial internet, cloud computing, and digital twin, captured market customer demand, and explored diversified development opportunities like computing power services[48](index=48&type=chunk) [Analysis of Core Competencies](index=15&type=section&id=Item%203.%20Analysis%20of%20Core%20Competencies) The company's core competencies lie in IDC capability advancement, full-chain green development, and full lifecycle management; leveraging efficient execution, outstanding technology, and profound operational experience, the company has become a professional data center service provider recognized by world-class internet companies, earning multiple domestic and international awards; the company highly prioritizes green, low-carbon, efficient, and intelligent data centers, achieving excellent PUE levels through scientific site selection, flexible cooling, and intelligent operations and maintenance; concurrently, the company possesses excellent full lifecycle management service capabilities for data centers, effectively ensuring the quality and efficiency of business expansion - The company focuses on IDC capability advancement, building core capabilities covering data center planning, design, investment, construction, and operation management throughout the entire lifecycle, gaining recognition from multiple world-class internet companies[49](index=49&type=chunk) - The company has been honored with the 'State-owned Assets Supervision and Administration Commission Double Hundred Enterprise' title, Datacenter Dynamics' 'Large Data Center Innovation Award' and 'Data Center Annual Specific Task Team Award' two international awards, and its products were included in the 'National Patent-Intensive Products' catalog[50](index=50&type=chunk) - The company practices full-chain green development, achieving excellent PUE levels through scientific site selection, flexible cooling system configurations (such as fresh air natural cooling), deployment of advanced electrical technologies (such as flexible AC/DC power distribution networks), and intelligent operations and maintenance, with the lowest annual PUE for nationwide operational data centers reaching **1.09**[52](index=52&type=chunk)[53](index=53&type=chunk) - The company possesses excellent full lifecycle management service capabilities for data centers, covering planning and design, investment and construction, equipment centralized procurement, supply chain control, and operations and maintenance management, achieving a balance of cost, schedule, and quality[55](index=55&type=chunk) - The company has built an operations and maintenance management platform based on the data center's full lifecycle, enhancing management efficiency and effectively controlling the total cost of ownership (TCO) of data centers, ensuring the quality and efficiency of business expansion[56](index=56&type=chunk)[57](index=57&type=chunk) [Key Operating Performance](index=17&type=section&id=Item%204.%20Key%20Operating%20Performance) In the current period, the company's operating revenue increased by **4.13%**, and total profit increased by **26.55%**; financial expenses decreased by **16.88%** due to optimized debt structure, and investment income increased by **219.94%** due to increased structured deposits; in terms of assets, monetary funds and total assets both grew, while construction in progress decreased due to conversion to fixed assets; in terms of liabilities, other current liabilities significantly increased due to the issuance of super short-term commercial papers, and long-term payables decreased due to repayment of finance lease liabilities [Main Business Analysis](index=17&type=section&id=Item%204.%20%281%29%20Main%20Business%20Analysis) In the current period, operating revenue increased by **4.13%**, and operating costs increased by **1.65%**; taxes and surcharges increased by **70.18%** due to increased property tax from newly constructed buildings being converted to fixed assets; other income decreased by **59.90%** as deferred income was fully amortized; investment income increased by **219.94%** due to increased purchases of structured deposit products; asset impairment losses amounted to **10.08 million yuan** due to impairment of old equipment from technological upgrades; asset disposal gains increased by **1597.70%** due to centralized disposal of batteries; financial expenses decreased by **16.88%** due to optimized debt structure Analysis of Changes in Financial Statement Items | Item | Current Period (yuan) | Prior Period (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating revenue | 810,505,707.82 | 778,381,858.02 | 4.13 | | Operating costs | 575,535,006.90 | 566,205,840.79 | 1.65 | | Taxes and surcharges | 1,118,044.92 | 656,985.81 | 70.18 | | Selling expenses | 1,820,989.35 | 1,745,695.52 | 4.31 | | Administrative expenses | 30,200,630.44 | 30,382,303.75 | -0.60 | | Financial expenses | 44,291,828.07 | 53,286,325.61 | -16.88 | | Research and development expenses | 42,918,394.54 | 37,759,088.30 | 13.66 | | Other income | 2,003,608.38 | 4,995,922.41 | -59.90 | | Investment income | 8,574,979.33 | 2,680,165.11 | 219.94 | | Credit impairment losses | 69,476.54 | 122,065.39 | -43.08 | | Asset impairment losses | -10,083,098.93 | - | Not applicable | | Asset disposal gains | 7,518,125.98 | 442,840.99 | 1,597.70 | | Non-operating expenses | 513,431.77 | 65,699.05 | 681.49 | | Income tax expenses | 37,345,483.92 | 26,039,180.64 | 43.42 | | Net cash flow from operating activities | 406,755,653.82 | 385,196,775.20 | 5.60 | | Net cash flow from investing activities | -191,357,586.88 | -386,062,369.67 | 50.43 | | Net cash flow from financing activities | 318,085,621.46 | 14,307,148.12 | 2,123.26 | - Taxes and surcharges increased by **70.18%**, primarily due to newly constructed buildings being converted to fixed assets during the reporting period, leading to increased property tax expenses[59](index=59&type=chunk)[60](index=60&type=chunk) - Investment income increased by **219.94%**, primarily due to increased purchases of structured deposit products and higher returns during the reporting period[60](index=60&type=chunk) - Asset impairment losses for the current reporting period amounted to **10.08 million yuan**, mainly due to impairment provisions for some old equipment whose useful value decreased after replacement due to technological upgrades[60](index=60&type=chunk) - Net cash flow from financing activities increased by **2,123.26%**, primarily due to the company's continuous optimization of its debt structure and adjustment of the proportion of long-term and short-term debt financing, resulting in a lower debt repayment scale year-on-year in the current period[62](index=62&type=chunk) [Analysis of Assets and Liabilities](index=19&type=section&id=Item%204.%20%283%29%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the period, monetary funds increased by **61.23%** compared to the end of the previous year, mainly due to increased collections; prepayments decreased by **58.53%**, mainly due to reduced prepaid electricity fees; construction in progress decreased by **47.78%**, mainly due to the conversion of buildings under construction to fixed assets; other current liabilities significantly increased by **128,922,792.74%** due to the issuance of super short-term commercial papers; long-term payables decreased by **100%** due to repayment of finance lease liabilities Changes in Assets and Liabilities | Item Name | Current Period End (yuan) | Current Period End % of Total Assets | Prior Year End (yuan) | Prior Year End % of Total Assets | Change from Prior Year End (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary funds | 1,404,702,406.46 | 17.88 | 871,218,718.06 | 11.81 | 61.23 | Primarily due to increased collections during the reporting period | | Prepayments | 3,758,872.65 | 0.05 | 9,064,552.20 | 0.12 | -58.53 | Primarily due to reduced prepaid electricity fees during the reporting period | | Construction in progress | 158,067,971.48 | 2.01 | 302,716,363.29 | 4.10 | -47.78 | Primarily due to buildings under construction being converted to fixed assets during the reporting period | | Notes payable | - | - | 7,879,092.06 | 0.11 | -100.00 | Primarily due to fulfillment of letter of credit repayment obligations during the reporting period | | Other current liabilities | 802,725,499.35 | 10.22 | 622.64 | 0.00 | 128,922,792.74 | Primarily due to the issuance of super short-term commercial papers during the reporting period | | Long-term payables | - | - | 87,500,000.00 | 1.19 | -100.00 | Primarily due to repayment of finance lease liabilities during the reporting period | Restricted Major Assets at Period End | Item | Book Balance (yuan) | Book Value (yuan) | Restriction Type | | :--- | :--- | :--- | :--- | | Accounts receivable/Contract assets | 97,096,086.34 | 97,096,086.34 | Pledge | [Analysis of Investment Status](index=20&type=section&id=Item%204.%20%284%29%20Analysis%20of%20Investment%20Status) The company's Langfang project has a total investment of **1.51 billion yuan**; as of the end of June 2025, **735.48 million yuan** has been invested, and the project is under construction; the fair value of financial assets measured at fair value at period-end was **1.01 billion yuan**, with **2.32 billion yuan** purchased and **2.27 billion yuan** sold/redeemed during the current period Significant Non-Equity Investments | Project | Total Project Investment (billion yuan) | Project Progress | Amount Invested This Year (million yuan) | Cumulative Actual Investment (million yuan) | Investment Income Status | Funding Source | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Langfang project | 1.51 | Under construction, external power and civil construction completed and transferred to fixed assets | 168.21 | 735.48 | Under construction | Self-raised & borrowings & raised funds | Financial Assets Measured at Fair Value | Asset Category | Beginning Balance (million yuan) | Fair Value Change Gain/Loss This Period (million yuan) | Amount Purchased This Period (billion yuan) | Amount Sold/Redeemed This Period (billion yuan) | Ending Balance (billion yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Other | 950.00 | 9.09 | 2.32 | 2.27 | 1.01 | | Total | 950.00 | 9.09 | 2.32 | 2.27 | 1.01 | [Analysis of Major Holding and Participating Companies](index=22&type=section&id=Item%204.%20%286%29%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) The company's major subsidiaries, including Zhangbei Athub, Nantong Athub, Heyuan Athub, Ulaan Chab Athub, and Hangzhou Athub, all primarily engage in IDC services and contribute significant operating revenue and net profit; among them, Zhangbei Athub Information Technology Co., Ltd. reported the highest net profit of **103.16 million yuan** Financial Data of Major Subsidiaries (H1 2025) | Company Name | Company Type | Main Business | Registered Capital (million yuan) | Total Assets (billion yuan) | Net Assets (billion yuan) | Operating Revenue (million yuan) | Operating Profit (million yuan) | Net Profit (million yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Zhangbei Athub Information Technology Co., Ltd. | Subsidiary | IDC services | 730.00 | 1.85 | 1.48 | 323.66 | 118.26 | 103.16 | | Nantong Athub Information Technology Co., Ltd. | Subsidiary | IDC services | 350.00 | 0.67 | 0.37 | 138.01 | 72.92 | 60.36 | | Heyuan Athub Technology Co., Ltd. | Subsidiary | IDC services | 190.00 | 0.42 | 0.30 | 77.24 | 39.19 | 34.08 | | Ulaan Chab Athub Technology Co., Ltd. | Subsidiary | IDC services | 105.00 | 0.15 | 0.11 | 28.17 | 11.29 | 9.59 | | Hangzhou Athub Technology Co., Ltd. | Subsidiary | IDC services | 290.00 | 0.56 | 0.24 | 98.48 | 24.51 | 19.88 | | Shanghai Changjiangkou Athub Technology Co., Ltd. | Subsidiary | IDC services | 110.00 | 1.17 | -0.18 | 5.33 | -61.82 | -61.82 | | Langfang Jingyun Technology Co., Ltd. | Subsidiary | IDC services | 10.00 | 0.69 | -0.02 | - | -17.42 | -17.94 | [Other Disclosure Matters](index=24&type=section&id=Item%205.%20Other%20Disclosure%20Matters) The company faces risks such as high customer concentration, intensified market competition, changes in industrial policies, and force majeure events; to address these challenges, the company focuses on its core business, consolidates its core advantages, continuously improves energy consumption management, innovates customer service support systems, and deepens its national strategic layout; concurrently, the company strengthens green and low-carbon construction, with its PUE technical indicators reaching international leading levels, and actively participates in national and industry standard setting; the company also comprehensively strengthens information disclosure, emphasizes investor relations management, highly values shareholder returns, adheres to long-term value creation, and continuously solidifies corporate governance [Potential Risks](index=24&type=section&id=Item%205.%20%281%29%20Potential%20Risks) The company faces risks such as high customer concentration, intensified market competition, changes in industrial policies (e.g., 'East-Data-West-Computing' and energy-saving and emission reduction requirements under 'Dual Carbon' goals), and force majeure events, which may adversely affect the company's operating performance and project implementation - The company's business is primarily wholesale data center services, with major customers being leading domestic internet companies, posing a risk of high customer concentration[76](index=76&type=chunk) - With the policy dividends of 'new infrastructure' and increasing market demand, competition in the data center industry is intensifying, which may lead to market share erosion and a decline in overall industry profit margins[77](index=77&type=chunk) - Changes in industrial policies such as the 'East-Data-West-Computing' project and 'Dual Carbon' goals for energy saving and emission reduction may result in the company's ongoing, planned, or operational projects failing to meet requirements, facing risks of rectification or shutdown[78](index=78&type=chunk) - The company operates **35 data centers** across a wide geographical area, facing force majeure risks such as facility damage, data transmission failures, and power outages caused by natural or man-made disasters like earthquakes, heavy rains, or wars[79](index=79&type=chunk)[80](index=80&type=chunk) [Other Disclosure Matters](index=25&type=section&id=Item%205.%20%282%29%20Other%20Disclosure%20Matters) The company actively implements the 'Quality Improvement, Efficiency Enhancement, and High Returns' action plan, focusing on core business development and consolidating core advantages; all **35 data centers** nationwide are located in 'East-Data-West-Computing' hub nodes, and the company has been ranked among the 'Top Ten Computing Power Service Providers' for four consecutive years; the company continuously strengthens its technical capabilities, enhances green and low-carbon construction, with data center PUE reaching international leading levels, and actively participates in national and industry standard setting; the company comprehensively strengthens information disclosure, emphasizes investor relations management, highly values shareholder returns, adheres to long-term value creation, and continuously solidifies corporate governance to ensure long-term enterprise development - The company focuses on the full lifecycle construction and operation management of data centers, with **35 operational data centers** nationwide, all located in 'East-Data-West-Computing' hub nodes, and has been ranked among the 'Top Ten Computing Power Service Providers' for four consecutive years[81](index=81&type=chunk) - The company's core technical indicator PUE averages **1.21** and is as low as **1.09**, reaching international leading levels, earning multiple honors such as 'National Green Data Center', and participating in the formulation of several national and industry standards[83](index=83&type=chunk) - The company completed the issuance of **6 science and technology innovation notes and bonds** in the open market, totaling **2.6 billion yuan**, providing financial guarantees for R&D investment[83](index=83&type=chunk) - The company continuously adheres to the principles of truthful, accurate, complete, timely, and fair information disclosure, strengthening investor relations management through performance briefings, investor mailboxes, and publishing ESG reports[85](index=85&type=chunk)[86](index=86&type=chunk) - The company highly values shareholder returns, with the 2024 annual cash dividend accounting for **30.34%** of net profit attributable to shareholders, and implemented a capital reserve to share capital plan; the 2025 interim plan proposes a cash dividend of **0.24 yuan/10 shares**[87](index=87&type=chunk) - The company strictly complies with laws and regulations for compliant operations, achieving an A-level rating for information disclosure for the first time in 2024, and strengthening corporate governance system revisions and internal training to enhance governance levels[88](index=88&type=chunk) Section IV Corporate Governance, Environment and Society [Profit Distribution or Capital Reserve to Share Capital Plan](index=27&type=section&id=Item%202.%20Profit%20Distribution%20or%20Capital%20Reserve%20to%20Share%20Capital%20Plan) The company's proposed 2025 semi-annual profit distribution plan is to distribute a cash dividend of **0.24 yuan (tax inclusive)** per 10 shares, with no bonus shares or capital reserve conversion to share capital; this plan has been approved by the Board of Directors and awaits shareholder meeting approval 2025 Semi-Annual Profit Distribution Plan | Indicator | Amount | | :--- | :--- | | Whether to distribute or convert | Yes | | Number of bonus shares per 10 shares (shares) | / | | Dividend per 10 shares (yuan) (tax inclusive) | 0.24 | | Number of shares converted from capital reserve per 10 shares (shares) | / | - This profit distribution plan complies with regulatory requirements, comprehensively considering shareholder returns, company profitability, cash flow status, and future development needs; it has been reviewed by the Board's Audit Committee, independent directors' special meeting, and the Board of Directors, and is pending approval by the shareholder meeting[90](index=90&type=chunk) Section V Significant Matters [Fulfillment of Commitments](index=29&type=section&id=Item%201.%20Fulfillment%20of%20Commitments) All commitments made by the company's actual controller, shareholders, related parties, and the company itself, either during or continuing into the reporting period, have been strictly fulfilled; specifically, the share lock-up commitments of former directors and senior executives Zeng Li and Xu Jun have been fulfilled; the share reduction and non-compete commitments of controlling shareholder Shibai Group have been strictly fulfilled; Ningbo Ruixin's (formerly Yaoxin Information) share reduction commitment was fulfilled through arbitration with the return of proceeds during the reporting period - The share lock-up commitments of former directors and senior executives Zeng Li and Xu Jun have been strictly fulfilled, including not transferring shares within **12 months** after listing and not transferring more than **25%** of shares annually during their tenure[94](index=94&type=chunk) - Controlling shareholder Shibai Group committed to compensate investors for losses in case of false statements in the prospectus, strictly abide by share reduction regulations, and committed not to engage in competing businesses[94](index=94&type=chunk)[95](index=95&type=chunk)[97](index=97&type=chunk)[98](index=98&type=chunk) - Ningbo Ruixin's (formerly Yaoxin Information) share reduction commitment was fulfilled through arbitration with the return of proceeds during the reporting period, and the company has received all payments from it[96](index=96&type=chunk)[97](index=97&type=chunk) [Significant Related Party Transactions](index=34&type=section&id=Item%2010.%20Significant%20Related%20Party%20Transactions) The company engages in daily operating related party transactions, primarily including collecting and paying electricity fees on behalf of others, paying electricity equipment rental fees, paying rent-related expenses, and collecting IDC service fees; as of the end of the reporting period, all related party transactions occurred within the estimated amounts Progress of Daily Operating Related Party Transactions | Related Party Transaction Category | Related Party | Estimated Amount This Period (million yuan) | Actual Amount Incurred as of Period End (million yuan) | | :--- | :--- | :--- | :--- | | Collecting and paying electricity fees on behalf of others | Shanghai Kaichuang Enterprise Development Co., Ltd. | 0.80 | 0.15 | | | Shanghai Shibai Gaoxin Group Property Management Co., Ltd. | 0.15 | 0.05 | | | Subtotal | 0.95 | 0.20 | | Paying electricity equipment rental fees | Shanghai Shibai Gaoxin (Group) Co., Ltd. | 10.00 | 4.96 | | | Subtotal | 10.00 | 4.96 | | Paying rent-related expenses | Shanghai Shibai Industrial Park Productive Enterprise Service Development Co., Ltd. | 5.00 | 3.53 | | | Shanghai Shibai Gaoxin Xinyun Investment Co., Ltd. | 4.00 | 1.71 | | | Shanghai Shibai Gaoxin Group Property Management Co., Ltd. | 0.80 | 0.35 | | | Shanghai Xinshibai Enterprise Management Service Co., Ltd. | 0.68 | 0.23 | | | Subtotal | 10.48 | 5.82 | | Collecting IDC service fees | Shanghai Shibai Gaoxin (Group) Co., Ltd. | 0.10 | 0.05 | | | Subtotal | 0.10 | 0.05 | | Total | | 21.53 | 11.02 | [Significant Contracts and Their Performance](index=36&type=section&id=Item%2011.%20Significant%20Contracts%20and%20Their%20Performance) During the reporting period, the company primarily involved guarantee situations for its subsidiaries; as of the end of the reporting period, the total guarantee balance for subsidiaries amounted to **586.69 million yuan**, representing **17.87%** of the company's net assets Company Guarantees for Subsidiaries | Indicator | Amount (million yuan) | | :--- | :--- | | Total guarantees incurred for subsidiaries during the reporting period | - | | Total guarantee balance for subsidiaries at period-end (B) | 586.69 | | Total company guarantees (A+B) | 586.69 | | Proportion of total guarantees to company's net assets (%) | 17.87 | Section VI Share Changes and Shareholder Information [Changes in Share Capital](index=39&type=section&id=Item%201.%20Changes%20in%20Share%20Capital) During the reporting period, the company's total share capital changed from **598,647,499 shares** to **718,376,999 shares**, an increase of **119,729,500 shares**, primarily due to the completion of the 2024 equity distribution on June 13, 2025, where capital reserves were converted to **2 shares** for every 10 shares held by all shareholders Share Capital Change Table | | Quantity Before Change | Proportion Before Change (%) | Increase/Decrease from Capital Reserve Conversion | Quantity After Change | Proportion After Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | II. Unlimited tradable shares | 598,647,499 shares | 100 | 119,729,500 shares | 718,376,999 shares | 100 | | III. Total shares | 598,647,499 shares | 100 | 119,729,500 shares | 718,376,999 shares | 100 | - The company completed its 2024 equity distribution on June 13, 2025, converting **2 shares** from capital reserves for every 10 shares held by all shareholders registered on the record date, resulting in the company's total share capital changing from **598,647,499 shares** to **718,376,999 shares**[112](index=112&type=chunk) [Shareholder Information](index=40&type=section&id=Item%202.%20Shareholder%20Information) As of the end of the reporting period, the company had **115,131** common shareholders; among the top ten shareholders, Shanghai Shibai Gaoxin (Group) Co., Ltd. held **32.98%**, and Ningbo Ruixin Venture Capital Partnership (Limited Partnership) held **14.61%**, with some of Ningbo Ruixin's shares pledged - As of the end of the reporting period, the company had **115,131** common shareholders[113](index=113&type=chunk) Top Ten Shareholders' Shareholding | Shareholder Name | Increase/Decrease During Period | Shares Held at Period End | Proportion (%) | Number of Restricted Shares Held | Share Status | Quantity | Shareholder Nature | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Shibai Gaoxin (Group) Co., Ltd. | 39,482,254 shares | 236,893,523 shares | 32.98 | 0 | Unrestricted | 0 | State-owned legal person | | Ningbo Ruixin Venture Capital Partnership (Limited Partnership) | 17,490,394 shares | 104,942,364 shares | 14.61 | 0 | Pledged | 2,660,000 shares | Other | | Hong Kong Securities Clearing Company Limited | 1,527,667 shares | 7,041,594 shares | 0.98 | 0 | Unrestricted | 0 | Other | | China Merchants Bank Co., Ltd. - Southern CSI 1000 ETF | 1,028,732 shares | 3,984,083 shares | 0.55 | 0 | Unrestricted | 0 | Other | | Industrial and Commercial Bank of China Limited - CSI Shanghai State-owned Enterprises ETF | 2,053,242 shares | 3,367,453 shares | 0.47 | 0 | Unrestricted | 0 | Other | | China Merchants Bank Co., Ltd. - ChinaAMC CSI 1000 ETF | 758,137 shares | 2,348,524 shares | 0.33 | 0 | Unrestricted | 0 | Other | | Jiang Fangce | -525,481 shares | 1,917,713 shares | 0.27 | 0 | Unrestricted | 0 | Unknown | | Industrial and Commercial Bank of China Limited - GF CSI 1000 ETF | 653,076 shares | 1,888,848 shares | 0.26 | 0 | Unrestricted | 0 | Other | | Shanghai Xufeng Business Information Consulting Partnership (General Partnership) | 308,381 shares | 1,850,285 shares | 0.26 | 0 | Unrestricted | 0 | Other | | Yang Wenting | 1,762,200 shares | 1,762,200 shares | 0.25 | 0 | Unrestricted | 0 | Unknown | Section VII Bond-Related Information [Corporate Bonds and Non-Financial Enterprise Debt Financing Instruments](index=44&type=section&id=Item%201.%20Corporate%20Bonds%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) The company issued multiple tranches of non-financial enterprise debt financing instruments in the interbank bond market, including medium-term notes and super short-term commercial papers, with a total outstanding balance of **1.6 billion yuan**; these bonds are all science and technology innovation notes or bonds, with interest rates ranging from **1.67% to 2.88%**; the company's financial indicators are stable, with both interest coverage ratio and cash interest coverage ratio improving [Non-Financial Enterprise Debt Financing Instruments in the Interbank Bond Market](index=45&type=section&id=Item%201.%20%285%29%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments%20in%20the%20Interbank%20Bond%20Market) The company issued Shanghai Athub Co., Ltd. 2024 First and Second Tranche Medium-Term Notes (Sci-Tech Innovation Notes), and 2025 First Tranche Super Short-Term Commercial Papers (Sci-Tech Innovation Notes) and Second Tranche Sci-Tech Innovation Bonds in the interbank market, with a total outstanding balance of **1.6 billion yuan** and interest rates ranging from **1.67% to 2.88%** Basic Information on Non-Financial Enterprise Debt Financing Instruments | Bond Name | Abbreviation | Code | Issue Date | Accrual Date | Maturity Date | Bond Balance (yuan) | Interest Rate (%) | Repayment Method | Trading Venue | Risk of Delisting | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Athub Co., Ltd. 2024 First Tranche Medium-Term Notes (Sci-Tech Innovation Notes) | 24 Athub MTN001 (Sci-Tech Note) | 102480070.IB | 2024/1/9 | 2024/1/11 | 2027/1/11 | 400,000,000.00 | 2.88 | Annual interest payment, principal repayment at maturity | Interbank Market | No | | Shanghai Athub Co., Ltd. 2024 Second Tranche Medium-Term Notes (Sci-Tech Innovation Notes) | 24 Athub MTN002 (Sci-Tech Note) | 102481605.IB | 2024/4/17 | 2024/4/19 | 2029/4/19 | 400,000,000.00 | 2.65 | Annual interest payment, principal repayment at maturity | Interbank Market | No | | Shanghai Athub Co., Ltd. 2025 First Tranche Super Short-Term Commercial Papers (Sci-Tech Innovation Notes) | 25 Athub SCP001 (Sci-Tech Note) | 012580300.IB | 2025/1/21 | 2025/1/22 | 2025/10/17 | 300,000,000.00 | 1.84 | Principal and interest repayment at maturity | Interbank Market | No | | Shanghai Athub Co., Ltd. 2025 Second Tranche Sci-Tech Innovation Bonds | 25 Athub SCP002 (Sci-Tech Bond) | 012581390.IB | 2025/6/16 | 2025/6/17 | 2026/2/6 | 500,000,000.00 | 1.67 | Principal and interest repayment at maturity | Interbank Market | No | [Key Accounting Data and Financial Indicators](index=47&type=section&id=Item%201.%20%287%29%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's current ratio and quick ratio slightly decreased, while the asset-liability ratio slightly increased; net profit after deducting non-recurring gains and losses increased by **9.89%** year-on-year; both interest coverage ratio and cash interest coverage ratio significantly improved, mainly due to optimized debt structure and reduced financial expenses during the reporting period Key Financial Indicators (Bond-Related) | Key Indicator | Current Period End | Prior Year End | Change from Prior Year End (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Current ratio | 1.24 | 1.34 | -7.46 | | | Quick ratio | 1.15 | 1.23 | -6.50 | | | Asset-liability ratio (%) | 58.15 | 56.24 | 1.91 | | | **Current Period (Jan-Jun)** | **Prior Period** | **Change from Prior Period (%)** | **Reason for Change** | | Net profit after deducting non-recurring gains and losses | 69,967,131.60 yuan | 63,671,930.13 yuan | 9.89 | | | EBITDA to total debt ratio | 0.16 | 0.18 | -11.11 | | | Interest coverage ratio | 3.42 | 2.58 | 32.56 | Primarily due to optimized debt structure and reduced financial expenses during the reporting period | | Cash interest coverage ratio | 8.36 | 6.52 | 28.22 | | | EBITDA interest coverage ratio | 10.65 | 9.08 | 17.29 | | | Loan repayment rate (%) | 100.00 | 100.00 | - | | | Interest payment rate (%) | 100.00 | 100.00 | - | | Section VIII Financial Report [Financial Statements](index=48&type=section&id=Item%202.%20Financial%20Statements) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025, comprehensively reflecting the company's financial position at period-end, operating results, and cash flow during the reporting period [Consolidated Balance Sheet](index=48&type=section&id=Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's consolidated total assets were **7.85 billion yuan**, an increase of **6.48%** from the end of the previous year; total current assets were **3.26 billion yuan**, and total non-current assets were **4.60 billion yuan**; total liabilities were **4.57 billion yuan**, and total owners' equity was **3.29 billion yuan** Key Data from Consolidated Balance Sheet | Item | June 30, 2025 (billion yuan) | December 31, 2024 (billion yuan) | | :--- | :--- | :--- | | Total current assets | 3.26 | 2.63 | | Total non-current assets | 4.60 | 4.74 | | Total assets | 7.85 | 7.38 | | Total current liabilities | 2.63 | 1.96 | | Total non-current liabilities | 1.94 | 2.19 | | Total liabilities | 4.57 | 4.15 | | Total owners' equity attributable to parent company | 3.28 | 3.22 | | Total owners' equity | 3.29 | 3.23 | [Parent Company Balance Sheet](index=50&type=section&id=Parent%20Company%20Balance%20Sheet) As of June 30, 2025, the parent company's total assets were **6.31 billion yuan**, an increase of **10.25%** from the end of the previous year; total current assets were **4.23 billion yuan**, and total non-current assets were **2.08 billion yuan**; total liabilities were **3.65 billion yuan**, and total owners' equity was **2.66 billion yuan** Key Data from Parent Company Balance Sheet | Item | June 30, 2025 (billion yuan) | December 31, 2024 (billion yuan) | | :--- | :--- | :--- | | Total current assets | 4.23 | 3.61 | | Total non-current assets | 2.08 | 2.11 | | Total assets | 6.31 | 5.72 | | Total current liabilities | 2.36 | 1.66 | | Total non-current liabilities | 1.29 | 1.39 | | Total liabilities | 3.65 | 3.05 | | Total owners' equity | 2.66 | 2.67 | [Consolidated Income Statement](index=51&type=section&id=Consolidated%20Income%20Statement) In the first half of 2025, the company's consolidated total operating revenue was **810.51 million yuan**, a year-on-year increase of **4.13%**; total profit was **122.24 million yuan**, a year-on-year increase of **26.55%**; net profit was **84.90 million yuan**, and net profit attributable to parent company shareholders was **84.96 million yuan**, a year-on-year increase of **20.37%** Key Data from Consolidated Income Statement | Item | H1 2025 (million yuan) | H1 2024 (million yuan) | | :--- | :--- | :--- | | I. Total operating revenue | 810.51 | 778.38 | | II. Total operating costs | 695.88 | 690.04 | | III. Operating profit | 122.70 | 96.59 | | IV. Total profit | 122.24 | 96.60 | | V. Net profit | 84.90 | 70.56 | | Net profit attributable to parent company shareholders | 84.96 | 70.58 | | VIII. Earnings per share: Basic earnings per share (yuan/share) | 0.12 | 0.10 | | VIII. Earnings per share: Diluted earnings per share (yuan/share) | 0.12 | 0.10 | [Parent Company Income Statement](index=53&type=section&id=Parent%20Company%20Income%20Statement) In the first half of 2025, the parent company's operating revenue was **141.05 million yuan**, a year-on-year decrease of **10.56%**; net profit was **7.55 million yuan**, a year-on-year decrease of **28.55%** Key Data from Parent Company Income Statement | Item | H1 2025 (million yuan) | H1 2024 (million yuan) | | :--- | :--- | :--- | | I. Operating revenue | 141.05 | 157.93 | | II. Operating profit | 7.96 | 9.78 | | III. Total profit | 7.96 | 9.84 | | IV. Net profit | 7.55 | 10.57 | [Consolidated Cash Flow Statement](index=54&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first half of 2025, the company's net cash flow from operating activities was **406.76 million yuan**, a year-on-year increase of **5.60%**; net cash flow from investing activities was **-191.36 million yuan**, with net outflow decreasing by **50.43%** year-on-year; net cash flow from financing activities was **318.09 million yuan**, with net inflow increasing by **2123.26%** year-on-year Key Data from Consolidated Cash Flow Statement | Item | H1 2025 (million yuan) | H1 2024 (million yuan) | | :--- | :--- | :--- | | Net cash flow from operating activities | 406.76 | 385.20 | | Net cash flow from investing activities | -191.36 | -386.06 | | Net cash flow from financing activities | 318.09 | 14.31 | | Net increase in cash and cash equivalents | 533.48 | 13.44 | | Cash and cash equivalents at period-end | 1,404.70 | 724.44 | [Parent Company Cash Flow Statement](index=55&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In the first half of 2025, the parent company's net cash flow from operating activities was **-122.53 million yuan**, with net outflow significantly decreasing year-on-year; net cash flow from investing activities was **293.09 million yuan**, and net cash flow from financing activities was **409.88 million yuan** Key Data from Parent Company Cash Flow Statement | Item | H1 2025 (million yuan) | H1 2024 (million yuan) | | :--- | :--- | :--- | | Net cash flow from operating activities | -122.53 | -540.14 | | Net cash flow from investing activities | 293.09 | 23.06 | | Net cash flow from financing activities | 409.88 | 732.34 | | Net increase in cash and cash equivalents | 580.44 | 215.26 | | Cash and cash equivalents at period-end | 1,294.25 | 566.32 | [Consolidated Statement of Changes in Owners' Equity](index=57&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Owners%27%20Equity) In the first half of 2025, the company's consolidated total owners' equity increased by **59.16 million yuan**, primarily influenced by an increase in total comprehensive income of **84.90 million yuan** and a decrease in profit distribution of **25.74 million yuan**, while capital reserve conversion to share capital resulted in internal reclassification between share capital and capital reserves - Total comprehensive income for the current period was **84.90 million yuan**, and profit distribution decreased by **25.74 million yuan**[146](index=146&type=chunk) - The company's share capital increased by **119.73 million yuan** due to capital reserve conversion to share capital, with capital reserves decreasing by **119.73 million yuan** accordingly[146](index=146&type=chunk)[147](index=147&type=chunk) [Parent Company Statement of Changes in Owners' Equity](index=59&type=section&id=Parent%20Company%20Statement%20of%20Changes%20in%20Owners%27%20Equity) In the first half of 2025, the parent company's total owners' equity decreased by **18.19 million yuan**, primarily influenced by an increase in total comprehensive income of **7.55 million yuan** and a decrease in profit distribution of **25.74 million yuan**, while capital reserve conversion to share capital resulted in internal reclassification between share capital and capital reserves - Total comprehensive income for the current period was **7.55 million yuan**, and profit distribution decreased by **25.74 million yuan**[150](index=150&type=chunk) - The parent company's share capital increased by **119.73 million yuan** due to capital reserve conversion to share capital, with capital reserves decreasing by **119.73 million yuan** accordingly[150](index=150&type=chunk) [Company Basic Information](index=61&type=section&id=Item%203.%20Company%20Basic%20Information) Shanghai Athub Co., Ltd. was established in November 2009 and listed on the Shanghai Stock Exchange in February 2017; the company's registered capital has increased through multiple share issuances and capital reserve conversions, reaching **718.38 million yuan** as of June 30, 2025; the company's main business includes internet data services, information system operation and maintenance services, and other information technology services; its parent company is Shanghai Shibai Gaoxin (Group) Co., Ltd., and the ultimate controlling party is Shanghai Jing'an District State-owned Assets Supervision and Administration Commission - Shanghai Athub Co., Ltd. was established in November 2009 and listed on the Shanghai Stock Exchange on February 8, 2017[152](index=152&type=chunk) - As of June 30, 2025, the company's total issued share capital was **718,376,999 shares**, with a registered capital of **718.38 million yuan**, achieved through multiple capital reserve conversions to share capital[152](index=152&type=chunk)[153](index=153&type=chunk)[154](index=154&type=chunk)[155](index=155&type=chunk) - The company's main business includes internet data services, information system operation and maintenance services, big data services, industrial internet data services, and other information technology services[156](index=156&type=chunk) - The company's parent company is Shanghai Shibai Gaoxin (Group) Co., Ltd., and the ultimate controlling party is Shanghai Jing'an District State-owned Assets Supervision and Administration Commission[156](index=156&type=chunk) [Significant Accounting Policies and Estimates](index=62&type=section&id=Item%205.%20Significant%20Accounting%20Policies%20and%20Estimates) This section details the enterprise accounting standards, going concern assumption, accounting period, functional currency, and significant accounting policies and estimates followed by the company in preparing its financial statements, including business combinations, financial instruments, notes receivable, accounts receivable, other receivables, inventories, contract assets, long-term equity investments, fixed assets, construction in progress, borrowing costs, intangible assets, long-term deferred expenses, contract liabilities, employee benefits, provisions, revenue, contract costs, government grants, deferred income tax assets/liabilities, and leases, providing a foundation for understanding the financial statements - The company prepares its financial statements on a going concern basis, adhering to enterprise accounting standards, with the accounting year from January 1 to December 31, and the functional currency being Renminbi[157](index=157&type=chunk)[158](index=158&type=chunk)[160](index=160&type=chunk)[161](index=161&type=chunk)[164](index=164&type=chunk) - The company has established detailed accounting policies and estimation methods for business combinations, financial instrument classification and measurement, impairment of receivables, inventory valuation and provision for decline in value, contract assets, long-term equity investments, fixed asset depreciation, capitalization of construction in progress, borrowing costs, intangible asset amortization, employee benefits, provisions, revenue recognition, contract costs, government grants, deferred income tax, and leases[166](index=166&type=chunk)[176](index=176&type=chunk)[191](index=191&type=chunk)[193](index=193&type=chunk)[196](index=196&type=chunk)[200](index=200&type=chunk)[204](index=204&type=chunk)[208](index=208&type=chunk)[219](index=219&type=chunk)[222](index=222&type=chunk)[224](index=224&type=chunk)[227](index=227&type=chunk)[234](index=234&type=chunk)[235](index=235&type=chunk)[236](index=236&type=chunk)[239](index=239&type=chunk)[242](index=242&type=chunk)[246](index=246&type=chunk)[249](index=249&type=chunk)[252](index=252&type=chunk)[256](index=256&type=chunk) - In accounting estimates, the company's management makes judgments, estimates, and assumptions for items such as lease classification, financial instrument impairment, depreciation and amortization, and income tax, and reviews them regularly to address uncertainties in operating activities[259](index=259&type=chunk)[260](index=260&type=chunk)[261](index=261&type=chunk) [Taxation](index=84&type=section&id=Item%206.%20Taxation) The company's main taxes include value-added tax, urban maintenance and construction tax, education surcharge, local education surcharge, and corporate income tax; the company and several subsidiaries enjoy high-tech enterprise tax incentives, with corporate income tax levied at a reduced rate of **15%**, and Ulaan Chab Athub Technology Co., Ltd. benefits from the Western Development corporate income tax preferential policy Main Tax Categories and Rates | Tax Category | Taxable Basis | Tax Rate | | :--- | :--- | :--- | | Value-added tax | Value added generated during sales of goods or provision of taxable services | Levied at rates such as 6%, 9%, 13% | | Urban maintenance and construction tax | Actual amount of turnover tax paid | 7%, 5% | | Education surcharge | Actual amount of turnover tax paid | 3% | | Local education surcharge | Actual amount of turnover tax paid | 2% | | Corporate income tax | Taxable income | 15%, 25% | - The company and several subsidiaries (e.g., Hangzhou Hanrong, Shanghai Changjiangkou, Zhangbei Athub, Heyuan Athub, Nantong Athub, Hangzhou Athub, Hangzhou Xishi) are recognized as high-tech enterprises, with corporate income tax levied at a reduced rate of **15%**[264](index=264&type=chunk)[265](index=265&type=chunk)[266](index=266&type=chunk)[267](index=267&type=chunk)[268](index=268&type=chunk)[269](index=269&type=chunk) - Ulaan Chab Athub Technology Co., Ltd. enjoys the Western Development corporate income tax policy, with corporate income tax levied at a reduced rate of **15%**[267](index=267&type=chunk) [Notes to Consolidated Financial Statement Items](index=86&type=section&id=Item%207.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section details the period-end balances, beginning balances, and changes of major items in the consolidated financial statements, including monetary funds, financial assets held for trading, accounts receivable, contract assets, prepayments, other receivables, inventories, other current assets, fixed assets, construction in progress, right-of-use assets, intangible assets, goodwill, long-term deferred expenses, deferred income tax assets/liabilities, other non-current assets, assets restricted by ownership or use rights, short-term borrowings, notes payable, accounts payable, contract liabilities, employee benefits payable, taxes payable, other payables, non-current liabilities due within one year, other current liabilities, long-term borrowings, bonds payable, lease liabilities, long-term payables, provisions, deferred income, share capital, capital reserves, surplus reserves, retained earnings, operating revenue and operating costs, taxes and surcharges, selling expenses, administrative expenses, research and development expenses, financial expenses, other income, investment income, credit impairment losses, asset impairment losses, asset disposal gains, non-operating income, non-operating expenses, income tax expenses, cash flow statement items, and supplementary information to the cash flow statement - Monetary funds at period-end amounted to **1.40 billion yuan**, an increase of **61.23%** from the beginning of the period, primarily due to increased collections[271](index=271&type=chunk) - Financial assets held for trading at period-end amounted to **1.01 billion yuan**, an increase of **6.44%** from the beginning of the period, primarily structured deposits[273](index=273&type=chunk) - Accounts receivable at period-end amounted to **179 million yuan**, a decrease of **10.4%** from the beginning of the period, with a high proportion from high-credit-quality customers[278](index=278&type=chunk)[281](index=281&type=chunk) - Fixed assets at period-end had a book value of **3.76 billion yuan**, an increase of **365 million yuan** during the current period, including **317 million yuan** transferred from construction in progress; asset impairment losses of **10.08 million yuan** were recognized for fixed assets during the current period[314](index=314&type=chunk)[315](index=315&type=chunk) - Construction in progress at period-end amounted to **158 million yuan**, a decrease of **47.78%** from the beginning of the period, primarily due to partial conversion of the Langfang project to fixed assets[321](index=321&type=chunk)[322](index=322&type=chunk) - Other current liabilities at period-end amounted to **803 million yuan**, a significant increase from the beginning of the period, primarily due to the issuance of super short-term commercial papers during the reporting period[355](index=355&type=chunk)[356](index=356&type=chunk) - Operating revenue was **810.51 million yuan**, a year-on-year increase of **4.13%**; operating costs were **575.54 million yuan**, a year-on-year increase of **1.65%**; IDC services were the main source of revenue[377](index=377&type=chunk)[378](index=378&type=chunk) - Financial expenses were **44.29 million yuan**, a year-on-year decrease of **16.88%**, primarily due to reduced interest expenses[387](index=387&type=chunk) - Investment income was **8.58 million yuan**, a year-on-year increase of **219.94%**, primarily from gains on disposal of financial assets held for trading[391](index=391&type=chunk) - Net cash flow from operating activities was **406.76 million yuan**, a year-on-year increase of **5.60%**[140](index=140&type=chunk)[413](index=413&type=chunk) [Research and Development Expenses](index=130&type=section&id=Item%208.%20Research%20and%20Development%20Expenses) The company's total R&D expenses for the current period amounted to **42.92 million yuan

数据港公告，2025年上半年营业收入8.11亿元，同比增长4.13%。净利润8495.86万元，同比增长 20.37%。拟向全体股东每10股派发现金红利0.24元（含税），拟派发现金红利1724.1万元（含税）。 ...

金融界消息 截至2025年8月14日收盘，数据港（603881）报收于27.85元，上涨1.27%，换手率10.67%， 成交量76.63万手，成交金额21.47亿元。 资金流向方面，今日主力资金净流入5559.64万元，占比成交额2.59%。其中，超大单净流入3112.08万 元、占成交额1.45%，大单净流入2447.56万元、占成交额1.14%，中单净流出流出4356.42万元、占成交 额2.03%，小单净流出1203.22万元、占成交额0.56%。 数据港最新一期业绩显示，截至2025一季报，公司营业总收入3.95亿元、同比增长3.57%，归属净利润 4405.59万元，同比增长23.22%，扣非净利润4038.92万元，同比增长26.50%，流动比率1.345、速动比率 1.240、资产负债率56.59%。 天眼查商业履历信息显示，上海数据港股份有限公司，成立于2009年，位于上海市，是一家以从事商务 服务业为主的企业。企业注册资本46049.8076万人民币，实缴资本5000万人民币。公司法定代表人为孙 中峰。 通过天眼查大数据分析，上海数据港股份有限公司共对外投资了13家企业，参与招投标项目37 ...