Core Insights - The company reported a revenue of 2.351 billion yuan for the first half of the year, reflecting a year-on-year growth of 2.19% [1] - The net profit attributable to shareholders reached 373 million yuan, showing a significant year-on-year increase of 25.33% [1] - The basic earnings per share (EPS) stood at 0.1524 yuan [1]

Core Viewpoint - Wangsu Technology (SZ 300017) reported a year-on-year increase in revenue and net profit for the first half of 2025, indicating positive financial performance and growth potential [2] Financial Performance - The company's revenue for the first half of 2025 was approximately 2.351 billion yuan, representing a year-on-year increase of 2.19% [2] - The net profit attributable to shareholders was around 373 million yuan, showing a significant year-on-year increase of 25.33% [2] - Basic earnings per share were reported at 0.1524 yuan, which is a year-on-year increase of 24.21% [2]

Core Viewpoint - Wangsu Technology Co., Ltd. reported a revenue increase of 2.19% year-on-year for the first half of 2025, reaching approximately 2.35 billion yuan, while net profit attributable to shareholders rose by 22.53% to approximately 261.4 million yuan [4][18]. Financial Performance - Revenue for the reporting period was 2,350,569,711.17 yuan, compared to 2,300,208,792.04 yuan in the same period last year, marking a 2.19% increase [4][20]. - Net profit attributable to shareholders was 261,400,687.87 yuan, up from 213,330,735.46 yuan, reflecting a 22.53% increase [4][20]. - Basic earnings per share increased by 24.21% to 0.1524 yuan per share [4][20]. - Total assets at the end of the reporting period were 12,093,215,320.99 yuan, a slight increase of 0.01% from the previous year [5]. Business Overview - The company focuses on IT infrastructure services, particularly in CDN (Content Delivery Network) and edge computing, aiming to provide efficient, stable, and secure services to various sectors including video, e-commerce, gaming, and government [6][11]. - Wangsu Technology has been expanding its global presence since 2010, enhancing its overseas business platforms and sales systems to serve international clients [6][14]. - The company has developed a comprehensive product system for its CDN business, offering tailored acceleration and security solutions for various industries [6][11]. Industry Context - As of June 2025, China's internet user base reached 1.123 billion, with an internet penetration rate of 79.7%, driving demand for high-bandwidth and low-latency IT infrastructure [10][11]. - The rise of artificial intelligence and digital transformation is pushing companies to enhance their IT capabilities, necessitating robust computing power and data processing capabilities [11][12]. - The company is positioned to benefit from the increasing demand for secure and efficient IT solutions as businesses navigate the complexities of digitalization and remote work [12][13]. Strategic Initiatives - Wangsu Technology is actively pursuing overseas market expansion, particularly in Southeast Asia and the Middle East, and has established a subsidiary in Dubai to better serve its international clients [18]. - The company has upgraded its edge AI platform, focusing on a four-layer capability matrix to enhance its service offerings in AI applications [19]. - Continuous investment in security products and services has positioned the company as a leader in the intelligent security access service market [18][19].

Core Viewpoint - Wangsu Technology Co., Ltd. reported a revenue increase of 2.19% year-on-year, reaching approximately 2.35 billion yuan in the first half of 2025, alongside a significant net profit growth of 25.33% to approximately 372.51 million yuan [1][5]. Financial Performance - Revenue for the reporting period was 2,350,569,711.17 yuan, compared to 2,300,208,792.04 yuan in the same period last year, marking a 2.19% increase [1]. - Net profit attributable to shareholders was 372,505,668.11 yuan, up 25.33% from 297,211,378.20 yuan [1]. - The net profit after deducting non-recurring gains and losses was 261,400,687.87 yuan, reflecting a 22.53% increase from 213,330,735.46 yuan [1]. - The net cash flow from operating activities was 376,042,322.07 yuan, a 52.41% increase from 246,735,457.70 yuan [1]. - Basic earnings per share rose to 0.1524 yuan, a 24.21% increase from 0.1227 yuan [1]. Asset and Equity Position - Total assets at the end of the reporting period were 12,093,215,320.99 yuan, slightly up by 0.01% from 12,092,004,476.55 yuan at the end of the previous year [2]. - Net assets attributable to shareholders decreased by 1.30% to 9,762,974,562.68 yuan from 9,891,340,288.32 yuan [2]. Business Focus and Strategy - The company focuses on CDN (Content Delivery Network) and edge computing, as well as security services, aiming to provide efficient, stable, and secure IT infrastructure and services [4][5]. - Wangsu Technology has been expanding its overseas market presence, particularly in Southeast Asia and the Middle East, and established a subsidiary in Dubai to enhance service capabilities [5][6]. - The company has divested its MSP business and sold its stake in Cloudsway Pte. Ltd. to concentrate on its core business areas [5]. Innovation and Development - Wangsu Technology is committed to building an innovative organization and has launched a new generation of edge AI platforms, enhancing its product offerings in AI security solutions [6][7]. - The company has been recognized as a leader in the IDC MarketScape for Chinese intelligent security access service vendors [6].

Core Points - The board of directors of Wangsu Technology Co., Ltd. held its 27th meeting on August 14, 2025, to review and approve several key proposals related to the company's financial performance and operational activities [1][2]. Financial Performance - The company reported a total operating income of 786.13 million yuan, representing a year-on-year increase of 7.71% [1]. - The net profit attributable to shareholders of the listed company was 372.51 million yuan, showing a year-on-year growth of 25.33% [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 261.40 million yuan, reflecting a year-on-year increase of 22.53% [1]. Board Resolutions - The board unanimously approved the 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's financial status and operational results [2]. - A special report on the storage and use of raised funds for the first half of 2025 was also approved [2]. - The board agreed to provide guarantees for its wholly-owned subsidiary, Shanghai Yunshu Technology Co., Ltd., for a loan application to Shanghai Bank, with a total guarantee amount not exceeding 30 million yuan [3]. - The company decided to apply for a credit limit of 30 million yuan from Ningbo Bank, with the credit being renewable within a one-year term [3].

Core Points - The company held the 25th meeting of the 6th Supervisory Board on August 14, 2025, where all three supervisors attended and approved several key resolutions [1][2][3] Group 1: Half-Year Report - The Supervisory Board approved the company's 2025 Half-Year Report and its summary, confirming that the report accurately reflects the company's actual situation without any false records or misleading statements [1][2] Group 2: Fund Usage Report - The Supervisory Board approved the Special Report on the Storage and Use of Raised Funds for the first half of 2025, stating that the usage complies with relevant regulations and there are no violations [2][3] Group 3: Guarantee for Subsidiary - The Supervisory Board approved a guarantee for the wholly-owned subsidiary, Shanghai Yunshu Technology Co., Ltd., affirming that the company can effectively control and monitor the financial risks associated with this guarantee [2][3]

Group 1 - The company, Wangsu Technology (300017.SZ), reported a revenue of 2.351 billion yuan for the first half of 2025, representing a year-on-year growth of 2.19% [1] - The net profit attributable to shareholders of the listed company reached 373 million yuan, showing a year-on-year increase of 25.33% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 261 million yuan, reflecting a year-on-year growth of 22.53% [1] - The basic earnings per share were reported at 0.1524 yuan [1]

Group 1 - The company, Wangsu Technology, announced that as of the disclosure date, the total external guarantees provided by the company and its subsidiaries amount to approximately 635 million yuan, which represents about 6.42% of the company's audited net assets as of December 31, 2024 [2] - The actual balance of external guarantees provided by the company and its subsidiaries is approximately 603 million yuan [2] - For the year 2024, the revenue composition of Wangsu Technology is as follows: value-added telecommunications services account for 99.17%, while other businesses account for 0.83% [2]

| 小计 | - | - | - | 106,108.67 | 63,945.48 | 102.27 | 41,715.16 | 128,441.26 | - | - | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 创而新（北京）科技有限公司 | 联营企业 | 预付账款 | 24.92 | 8.10 | - | 21.44 | 11.58 | 购买商品/接受劳务 | | | | 杭州飞致云信息科技有限公司 | 联营企业 | 预付账款 | 12.89 | - | - | 7.72 | 5.17 | 购买商品/接受劳务 | 经营性往来 经营性往来 | | | 上海晨徽网宿投资管理有限公司 | 联营企业 | 应收账款 | 9.31 | - | - | - | 9.31 | 销售商品/提供劳务 | 经营性往来 | | | 广东泰迪智能科技股份有限公司 | 联营企业 | 应收账款 | 0.62 | 5.49 | - | 5.33 | 0.78 | 销售商品/提供劳务 | 经营性往来 | | 其他关联方及其附属企业 | 上 ...

本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、担保情况概述 1、上海云宿科技有限公司（以下简称"上海云宿"）系网宿科技股份有限 公司（以下简称"公司"）全资子公司。 2、2025 年 8 月 14 日，公司召开第六届董事会第二十七次会议和第六届监 事会第二十五次会议审议通过了《关于为全资子公司提供担保的议案》。为支持 上海云宿的业务拓展，公司董事会同意在确保规范运作和风险可控的前提下，为 上海云宿向上海银行股份有限公司漕河泾支行申请贷款提供总额度不超过 1,000 万元人民币的连带责任担保，担保额度的有效期为自公司第六届董事会第 二十七次会议审议通过之日起一年。实际担保期限最长不超过上海云宿履行协议 约定的各项义务的期限届满之日起三年，并授权公司董事长或其授权代表在额度 范围内签署与上述担保事宜有关的协议或文件。 单位：万元 | | 被担保 | 担保方持股 | 被担保方 最近一期 | 截至目 前对上 | 本次对上 海云宿新 | 对上海云宿担保额度占 | 是否 | | --- | --- | --- | --- | --- | --- | --- | --- | ...