从中证1000质量指数持仓的市场板块来看，深圳证券交易所占比54.17%、上海证券交易所占比 45.83%。 从中证1000质量指数持仓样本的行业来看，医药卫生占比24.93%、工业占比18.34%、信息技术占比 14.52%、金融占比10.04%、可选消费占比9.72%、通信服务占比7.75%、主要消费占比6.06%、原材料占 比5.37%、公用事业占比2.49%、能源占比0.44%、房地产占比0.35%。 资料显示，指数样本每半年度调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下 一交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定 期调整日前，权重因子一般固定不变。每次调整的样本数量一般不超过30%。特殊情况下将对指数进行 临时调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处理，参 照计算与维护细则处理。 金融界6月3日消息，上证指数低开高走，中证1000质量指数 (1000质量，932434)报2911.92点。 数据统计显示，中证1000质量指数近一个月上涨1.92%，近三个月下跌0.29%，年至今上涨2.39% ...

(二)股东大会召开的地点：上海市静安区江场三路238号一楼会议室 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： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025年5月20日 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长孙中峰先生因工作原因未能出席本次股东大会，由半数以上董 事共同推举董事王信菁女士主持本次股东大会。会议采取现场会议和网络投票相结合的投票方式，符合 《中华人民共和国公司法》及《上海数据港股份有限公司章程》（以下简称"《公司章程》"）的规定。 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事9人，出席3人；董事长孙中峰先生、董事卢醇先生、宋志刚先生因工作原因未能出席 本次股东大会，独立董事金源先生、梅向荣先生、曾昭斌先生因工作原因未能出席本次股东大会； 2、公司在任监事5人，出席2人；监事会主席张颂燕女士、监 ...

一、 会议召开和出席情况 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 证券代码：603881 证券简称：数据港 公告编号：2025-020 号 上海数据港股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 | 1、出席会议的股东和代理人人数 | 1,479 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 291,075,471 | | 3、出席会议的股东所持有表决权股份数占公司有表决 | 48.6221 | | 权股份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长孙中峰先生因工作原因未能出席本次股 东大会，由半数以上董事共同推举董事王信菁女士主持本次股东大会。会议采取 现场会议和网络投票相结合的投票方式，符合《中华人民共和国公司法》及《上 海数据港股份有限公司章程》（以下简称"《公司章程 ...

致：上海数据港股份有限公司 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于上海数据港股份有限公司 2024 年年度股东大会的法律意见书 上海数据港股份有限公司（以下简称"公司"）2024 年年度股东大会（以下简 称"本次股东大会"）于 2025 年 5 月 20 日 14:00 在上海市静安区江场三路 238 号一 楼会议室召开。国浩律师（上海）事务所（以下简称"本所"）接受公司的委托，指 派本所律师见证本次股东大会，并依据《中华人民共和国公司法》《中华人民共 和国证券法》、中国证券监督管理委员会（以下简称"中国证监会"）《上市公司股 东会规则》和《上海数据港股份有限公司章程》（以下简称"《公司章程》"）出具 本法律意见书。 对本法律意见书的出具，本所律师特作如下声明： 1、本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日 以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信 用原则，进行了充分的核查验证，保证本法律意见书所认定的事实真实、准确、 完整，所发表的结论性意见合法、准确，不 ...

Investment Rating - The report maintains an "Outperform" rating for the computer industry, indicating a positive outlook compared to the market [3]. Core Insights - The report highlights significant developments in the domestic AI chip sector, particularly the upcoming launch of the Harmony PC and advancements in AI applications, which are expected to drive growth in the cloud computing market [3][4]. - The performance of major players like Meta and Tencent shows a mixed trend, with capital expenditures declining, raising concerns about market dynamics [4]. - The report emphasizes the increasing demand for AI applications, with a notable surge in the usage of large models, indicating a robust growth trajectory for the industry [63]. Summary by Sections Industry Data - In Q1 2025, the software industry revenue reached 3.15 trillion yuan, growing by 10.6% year-on-year, with profit margins also improving [12][13]. - The IC design sector showed the highest growth rate at 19.7%, driven by the demand for AI applications and the need for domestic chip production [17]. Domestic Developments - The report discusses the impact of U.S. export controls on AI chips, which have led to increased uncertainty for domestic server ecosystems [26][30]. - The launch of the Harmony PC on May 19, 2025, is seen as a critical step towards enhancing the domestic operating system landscape [56][58]. AI Sector - The report notes that the demand for AI applications has exploded, with daily token usage for the Doubao large model reaching 12.7 trillion, a 3.18-fold increase from December 2024 [63]. - The upcoming release of the DeepSeek-R2 model, which boasts 1.2 trillion parameters, is expected to be a focal point in the market [72]. Computing Power - The report indicates a clear differentiation in the performance of data center operators, with traditional IDC competition intensifying while AIDC is experiencing rapid growth [4]. - Major tech companies are increasing their capital expenditures for AI and core business investments, with Meta raising its investment range for 2025 to between 64 billion and 72 billion USD [4].

Summary of Data Port Conference Call Company Overview - Data Port primarily operates on a custom wholesale model, with retail accounting for a small proportion of its business. The company has a ten-year long-term lease model for customer orders. [2][3] Financial Performance - In Q1 2024, Data Port reported a net profit and operational growth, with gross profit and net profit increasing by approximately 5% year-on-year. [2][3] - The company's asset-liability ratio is around 55%, which is lower than the industry average of 60-70%. [2][8] Project Updates - The Langfang project is currently under construction and is expected to be delivered in Q3 2025, but revenue from this project may not be significant in that year due to potential rent-free periods. [2][5] - Major projects signed between 2018 and 2021 will begin to expire in 2026, with the earliest being a 20 MW project. [2][6] Business Segments - The IDC solutions business is expected to shrink in 2024 due to a decrease in projects outside of the Langfang project. Future growth will depend on customer technology upgrade demands, which do not follow a consistent growth logic. [2][6] - The gross margin for cloud sales has decreased due to the amortization of platform costs, and it is not expected to maintain high margins in the future. [2][7] Industry Insights - The current industry pricing is at a bottom stage with no clear upward trend. Future price increases may be triggered by significant demand growth or explosive applications. [4][12] - Data Port is focusing on mature projects like Greenland Zhongyan and plans to build data centers based on next year's demand. [4][13] Equipment and Depreciation - Data Port has a high level of depreciation due to a large amount of fixed assets, including data centers and equipment, which require long-term depreciation. The average lifespan of IDC equipment is 13 to 14 years, but it is typically depreciated over ten years. [2][9][10] Strategic Partnerships and Market Position - Data Port maintains strong strategic partnerships with major clients, which is a significant advantage. The company has a zero downtime record and a highly skilled operations team. [18] - The company is considering building a computing power pool to support AI servers but is currently in the team-building phase. [20] Regulatory Environment - New energy consumption approval requirements will impact operations, and the company will adjust to meet these standards. [21] - Policies are implemented regionally, affecting the supply of IDC services, with some areas like Hebei halting data center construction due to local government assessments. [22] Future Outlook - Data Port plans to continue focusing on wholesale rather than retail, as the retail market is underperforming. [23][24]

本报讯 （记者金婉霞）为贯彻落实中国证监会《上市公司监管指引第10号——市值管理》、上海市国资委《关于加强我市 国有控股上市公司市值管理工作的若干意见》等文件精神，推动上海市国有控股上市公司在做强做优做大、提升内在价值的同 时，进一步强化投资者关系管理、提高信息透明度、增进市场认同，上海市国资委联合上交所，于2025年5月9日下午共同举办 上海国有控股上市公司2024年度集体业绩说明会。 本次会议汇聚了包括上海国际港务（集团）股份有限公司、上海华谊集团股份有限公司、 关于股东回报规划及落地保障，财务总监李静强调公司十分重视股东回报，将严格落实相关规则要求，制定利润分配政 策，积极实施利润分配。未来，公司将持续依据相关规则，做优做强主业，推动积极、稳健的股东回报政策。 数据港发言环节，总裁王信菁回顾了数据港十五年的发展历程，表示公司在上海市区两级国资委、上交所及广大投资者的 支持与呵护下，逐渐从一家初创企业成长为行业领先的第三方数据中心服务商。"保持战略定力、胸怀创业梦想、坚持实干笃 行"是数据港持续发展的关键要素，王信菁指出，未来数据港将继续着眼国家数字经济战略和国企改革顶层布局，勇担"双百企 业"发展重任， ...

Investment Rating - The report maintains an "Outperform" rating for the company, with a target price of 35.04 RMB, compared to the current price of 33.52 RMB [4][9]. Core Insights - The company is expected to benefit significantly from major clients, with a clear trend of accelerating revenue and profit. Projected revenues for 2025-2027 are 1.81 billion, 1.97 billion, and 2.01 billion RMB, representing year-on-year growth of 4.97%, 8.95%, and 1.99% respectively [9]. - The net profit attributable to shareholders is projected to grow significantly, with estimates of 173 million, 196 million, and 216 million RMB for 2025-2027, reflecting growth rates of 30.6%, 13.5%, and 10.0% respectively [3][9]. - The company’s EBITDA is expected to reach 1.26 billion, 1.31 billion, and 1.33 billion RMB for 2025-2027, with growth rates of 11.06%, 3.71%, and 1.11% respectively [9]. Financial Summary - For 2023, the company reported a revenue of 1,542 million RMB, with a growth of 6.0%. The net profit for the same year was 123 million RMB, reflecting a growth of 4.6% [3]. - In 2024, the company is projected to achieve a revenue of approximately 1,721 million RMB, up 11.57% year-on-year, and a net profit of about 132 million RMB, up 7.49% year-on-year [9]. - The gross profit margin for IDC services improved to 32.12% in 2024, an increase of 3.09 percentage points year-on-year [9]. Market Position and Client Dependency - The company has a high dependency on a major internet client, which accounted for 92.46% of its main business revenue in early 2020, and this client is expected to remain the largest end customer for the foreseeable future [9]. - The company is currently fulfilling a contract for a project with an internet client, with a total investment of 1.5 billion RMB and an internal rate of return (IRR) of around 10% [9]. Valuation Metrics - The report assigns a forward EV/EBITDA multiple of 19x for 2025, valuing the company at approximately 20.98 billion RMB [9]. - The current price-to-earnings (P/E) ratio is noted at 116.25 for 2025, with a projected price-to-book (P/B) ratio of 6.00 [3][9].

Group 1 - The core viewpoint of the news is that the Shanghai State-owned Assets Supervision and Administration Commission and the Shanghai Stock Exchange held a performance briefing for state-controlled listed companies, focusing on their operational performance and future strategic planning [1] - DataPort's President emphasized the importance of maintaining strategic determination and practical execution for sustainable development, aligning with national digital economy strategies and state-owned enterprise reforms [1] - DataPort's management highlighted significant improvements in operational performance, management quality, and operational efficiency for 2024, driven by the implementation of intelligent management platforms [1] Group 2 - In response to being recognized as a "Double Hundred Enterprise," DataPort plans to propose multiple reform measures focusing on strategic customer foundations and innovative development solutions [2] - DataPort's financial director stated that the company prioritizes shareholder returns and will implement a profit distribution policy in accordance with relevant regulations [2] - The company aims to deepen its integration into the national digital economy strategy, capitalizing on the growing demand for data centers driven by the rise of generative artificial intelligence [2]

Investment Rating - The report maintains an "Outperform" rating for the company with a target price of 35.04 RMB, indicating a potential upside from the current price of 33.52 RMB [4][9]. Core Insights - The company is expected to benefit significantly as a core data center service provider for large internet companies, with a clear trend of accelerating revenue and profit from major clients [5][9]. - Revenue projections for 2025-2027 are set at 1.81 billion RMB, 1.97 billion RMB, and 2.01 billion RMB, reflecting year-on-year growth rates of 4.97%, 8.95%, and 1.99% respectively [5][9]. - The net profit attributable to shareholders is projected to grow significantly, with estimates of 173 million RMB, 196 million RMB, and 216 million RMB for 2025, 2026, and 2027 respectively, indicating a growth rate of 30.6%, 13.5%, and 10.0% [3][5]. Financial Summary - The company achieved a revenue of approximately 1.72 billion RMB in 2024, representing an 11.57% year-on-year increase, while the net profit attributable to shareholders was about 132 million RMB, up 7.49% year-on-year [5][9]. - The gross profit margin for IDC services improved to 32.12%, an increase of 3.09 percentage points year-on-year [5][9]. - In Q1 2025, the company reported a revenue of 395 million RMB, a 3.57% increase year-on-year, and a net profit of 44.06 million RMB, which is a 23.22% increase year-on-year [5][9]. Valuation Metrics - The report assigns a forward EV/EBITDA multiple of 19x for 2025, valuing the company at approximately 20.98 billion RMB [5][9]. - The company’s current P/E ratio is noted at 116.25 for 2025, with a projected decrease to 93.04 by 2027 [3][5].