Financial Performance - The traditional business subsidiaries incurred a loss of nearly 100 million due to strategic transformation and reduced investment in traditional operations [3] - Non-recurring income from the data lake business is expected to be approximately 300 million in the coming year [3] - Traditional business revenue is projected to improve as strategic investors, including Baidu, are introduced [3] Data Lake Business Development - The company has successfully implemented 11 data lakes, contributing over 80% to the profit [3] - The data lake business is experiencing rapid growth, with significant recognition from major storage manufacturers [3] - The cost of Blu-ray storage is decreasing, making it competitive with tape storage [4] Research and Development - The company has expanded its research team to 600 personnel, emphasizing the importance of technology-driven and product-driven development [4] - Collaborations with Huawei and Intel are enhancing the company's storage software capabilities and product offerings [4] Strategic Partnerships - The company is collaborating with major telecom operators to develop cloud storage services, with expected launches by the end of the year [4] - Partnerships with local governments are being established to set data storage standards and promote data sharing platforms [4] Market Outlook - The company anticipates a stable establishment of approximately 15 data lakes annually, with a total capacity of 100PB for the first phase [7] - The traditional business is expected to recover as the company focuses on strategic investments and partnerships [10] - The overall business model aligns with local government needs for digital economic development, indicating a promising future for the data lake business [10]

Group 1: Data Lake Strategy Overview - The company is transitioning to become a "smart city operator" centered around data, adjusting its strategy from "1+4" to "1+3" to focus on data lakes and related sectors [3] - The government controls 80% of data in China, which is crucial for developing urban big data ecosystems [3] - The data lake strategy involves three phases: building infrastructure, integrating data from various sources, and operationalizing the data [3] Group 2: Integration with Traditional Business - The company aims to integrate data lakes with major sectors such as transportation, security, and healthcare [4] - In transportation, the company plans to leverage government data and traffic management software to create a transportation data lake [4] - In security, AI-driven products are being developed to enhance public safety through data lake integration [4] - In healthcare, the focus is on providing value-added services for the aging population by integrating health data [4] Group 3: Investment and Financing Models - The company employs four financing models: PPP, direct investment, government-enterprise cooperation, and urban integration [4] - The direct investment model is noted for its quick implementation and low upfront costs [4] Group 4: Strategic Expansion Plans - The company plans to establish data lakes in 50-100 cities by 2025, with 28,000 districts as the expansion base [4] - In 2017, projects in Taizhou and Xuzhou were completed, with over ten cities targeted for 2018 [4] Group 5: Financial Performance and Projections - The company reported a 55% increase in sales collection from 2016 to 2017, indicating improved cash flow [6] - The cost structure shows that 80%-90% of expenses are related to infrastructure, with labor costs being minimal initially [5] - The public safety sector experienced a 7% decline in gross margin due to project variability, but improvements are expected as more projects are completed [5] Group 6: Competitive Landscape and Technology - The company claims no substantial competition in the data lake business, emphasizing its innovative business model and technological advantages [8] - The blue light storage technology is highlighted as a key product, with a storage capacity of 300GB per disc, positioning the company at the forefront of the industry [8]

Company Overview - Beijing EasyHualu Information Technology Co., Ltd. was established in April 2001 and is a central enterprise directly supervised by the State-owned Assets Supervision and Administration Commission (SASAC) [4] - The company transitioned its strategic focus from data lake construction to data lake operation during the 14th Five-Year Plan period, aiming to provide full lifecycle services for data elements [4] Data Lake Projects - EasyHualu has implemented 32 data lake projects nationwide, with 25 currently in operation [4] - The data lake projects align with the national "East Data West Computing" initiative, establishing data lakes in key national computing network hubs [4] Digital Transformation Demand - Since the issuance of the notice on accelerating the digital transformation of state-owned enterprises in September 2020, the demand for digital transformation among government agencies and central state-owned enterprises has increased significantly [4] - EasyHualu provides essential services such as data extraction, cleaning, cataloging, and digitization to help overcome data fragmentation and promote large-scale data application [4] Revenue and Business Model - From 2017 to 2021, profits from data lake construction accounted for 80% of the company's performance [6] - In 2022, operational revenue saw significant growth, with digitalization and data operation services accounting for 57.50% of total revenue, up from 26.86% in the previous year [6] - The revenue model is shifting, with operational income expected to exceed 50% by 2025, while project-based income will decrease to below 50% [6] Storage Capacity and Technology - EasyHualu has deployed nearly 3,500 PB of blue light storage and signed contracts for a total storage capacity of 700 PB [5] - The company has developed a storage capacity of approximately 5,000 PB across nearly 30 cities, utilizing both magnetic and blue light storage technologies [7] Future Directions - The company is exploring the "Bit + Watt" model, which combines data services with renewable energy investments, aiming to create modern zero-carbon smart industrial parks [6] - EasyHualu is collaborating with China Mobile to promote the transition from magnetic tape to blue light storage, addressing the growing demand for long-term data storage [9] Market Position - EasyHualu plays a crucial role in the national digital economy landscape, having established itself as an integrated big data center and a key player in the "East Data West Computing" project [7] - The company is actively engaging with various government departments and enterprises to provide data storage, governance, and application services [7]