Group 1: Company Operations and Financial Performance - The company officially launched its computing power center in Beijing in August 2023 and expanded its computing power business in March 2024, deploying resources in Tianjin [2] - The company is currently facing challenges in its computing power business due to tightened U.S. export controls on advanced AI chips, but this has not significantly impacted overall operations [2] - The company is experiencing a decline in gross profit margin due to rising operational costs from new data center projects and increased electricity prices [3] Group 2: Data Center Expansion Plans - Ongoing data center projects include Shanghai Phase II, Yanjiao Phase III and IV, Tianjin Baodi, Changsha, and Hangzhou, with careful consideration of market conditions and customer demand for new projects [3] - The company is cautious about expanding its data center capacity due to a current oversupply in the market, which affects pricing and profitability [3] Group 3: Energy Efficiency and Sustainability Initiatives - The company is actively implementing energy-saving renovations and complying with government regulations to monitor energy consumption in data centers [4] - Initiatives include upgrading cooling systems and promoting distributed photovoltaic power generation projects to enhance renewable energy utilization [4] Group 4: IDC Business Overview - The IDC business remains a key focus, with major projects in Shanghai and Yanjiao expected to contribute to stable business development [4] - The company is adopting a modular production approach based on customer orders to ensure steady progress in project implementation [4] Group 5: Cloud Computing and SaaS Services - The cloud computing business includes operations with Amazon Web Services in Beijing, which is experiencing stable growth [5] - Subsidiary Wushuang Technology, providing SaaS services for data monitoring and evaluation, has faced challenges due to industry adjustments but is seeing signs of recovery [5]

证券代码：300383 证券简称：光环新网 北京光环新网科技股份有限公司投资者关系活动记录表 编号：2024-005  特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及 美银证券 庄亚林、李慧群、王子涵 人员姓名 时间 2024 年 7 月 9 日 15:00-16:00 地点 线上会议 上市公司接待人 董事会秘书 高宏 员姓名 证券事务代表 陈静 公司情况简要介绍： 公司已经上市 10 年，主要业务以 IDC 业务和云计算业务 ...

Investment Rating - The report upgrades the investment rating of the company to "Recommended" [4]. Core Views - The company reported steady revenue growth with a 2023 annual revenue of 7.85546 billion yuan, an increase of 9.24% year-on-year, and a net profit attributable to shareholders of 388 million yuan, up 144.09% [4]. - In Q1 2024, the company achieved a revenue of 1.978 billion yuan, a quarter-on-quarter increase of 2.91%, with a gross margin of 18.67%, up 2.13% [4]. - The company's cloud computing and IDC (Internet Data Center) services are driving its core competitiveness, with cloud computing revenue in 2023 reaching 5.544 billion yuan, a year-on-year increase of 10.56%, accounting for 70.58% of total revenue [4]. - The company is actively planning global IDC deployments, including a project in Johor, Malaysia, which will enhance its international competitiveness in the IDC business [4]. Financial Summary - The company forecasts a net profit of 564.76 million yuan for 2024, 653.28 million yuan for 2025, and 759 million yuan for 2026, with corresponding EPS of 0.31 yuan, 0.36 yuan, and 0.42 yuan [5]. - The projected PE ratios for the same years are 28.20 times, 24.38 times, and 20.98 times, respectively [5]. - The gross margin is expected to stabilize around 16.00% in 2024, with a gradual increase to 17.00% by 2026 [5].

证券代码：300383 证券简称：光环新网 公告编号：2024-020 北京光环新网科技股份有限公司 2023 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 北京光环新网科技股份有限公司（以下简称"公司"）2023 年年度权益分 派方案已获 2024 年 4 月 24 日召开的 2023 年度股东大会审议通过，现将权益分 派事宜公告如下： 一、股东大会审议通过权益分派方案的情况 1、公司于 2024 年 4 月 24 日召开的 2023 年度股东大会审议通过了《关于公 司 2023 年度利润分配方案的议案》，具体内容详见公司于同日披露在证监会指定 信息披露网站的《2023 年度股东大会决议公告》（公告编号：2024-017）。 公司 2023 年度利润分配方案为：以截至公司 2023 年度利润分配方案披露日 总股本 1,797,592,847 股为基数，向全体股东每 10 股派发现金股利 1.00 元人民 币（含税），合计派发现金股利 179,759,284.70 元（含税）。本次分配不实施资 本公积转增股本、不分红股。 2、自本次权 ...

本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明 证券研究报告 2 光环新网（300383.SZ）2024 年一季报点评 [盈利预测与财务指标 Table_Forcast] 推荐 维持评级 当前价格： 8.93 元 相关研究 光环新网(300383)/通信 分析师承诺 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------|----------|---------------|------------------------------------| | 投资建议评级标准 | | 评级 \n推荐 | 说明 \n相对基准指数涨幅 15% 以上 | | 以报告发布日后的 12 个月内公司股价（或行业 | | 谨慎推荐 | 相对基准指数涨幅 5%～15% 之间 | | 指数）相对同期基准指数的涨跌幅为基准。其 | 公司评级 | 中性 | 相对基准指数涨幅 -5%～5% 之间 | | 中：A 股以沪深 300 指数为基准；新三板以 ...

券代码：300383 证券简称：光环新网 公告编号：2024-018 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务 信息的真实、准确、完整。 一、主要财务数据 | --- | --- | --- | --- | |------------------------------------------------------|------------------|------------------|------------------------------| | | 本报告期 | 上年同期 | 本报告期比上年同期增减 （%） | | 营业收入（元） | 1,978,172,217.30 | 1,879,585,916.57 | 5.25% | | 归属于上市公司股东的净利 润（元） | 164,001,711.74 | 173,547,294.29 | -5.50% | | 归属于上市公司股东的扣除 非经常性损益的净利润 （元） | 164,705,058.26 | ...

证券代码：300383 证券简称：光环新网 公告编号：2024-017 北京光环新网科技股份有限公司 2023 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东大会未出现增加、变更、否决议案的情形。 2.本次股东大会未涉及变更前次股东大会决议的情形。 一、会议召开和出席情况 北京光环新网科技股份有限公司（以下简称"公司"）于2024年3月29日以公 告的形式通知召开2023年度股东大会。 本次会议采取现场会议与网络投票相结合的方式召开。现场会议于2024年4 月24日下午2:00在北京市东城区东中街9号东环广场A座三层光环新网多功能厅 召开。 网络投票时间：通过深圳证券交易所交易系统投票时间为2024年4月24日的 交易时间，即上午9:15—9:25，9:30—11:30和下午13:00—15:00；通过深圳证 券交易所互联网投票系统投票时间为2024年4月24日9:15—15:00。 本次股东大会由公司董事会召集，董事长杨宇航先生主持，公司董事、监事、 高级管理人员及公司聘请的见证律师等相关人士出席了本次会议。 ...

北京市嘉源律师事务所 关于北京光环新网科技股份有限公司 2023 年年度股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 E SEY THE CALL PR IA YUAN LAW OFFICES 北京 BEIJING · 上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·广州 GUANGZHOU·西安 XI AN 关于北京光环新网科技股份有限公司 2023 年年度股东大会的 法律意见书 嘉源(2024)-04-277 北京市嘉源律师事务所(以下简称"本所")接受北京光环新网科技股份有 限公司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称 "《公司法》")《上市公司股东大会规则》(以下简称"《股东大会规则》")等现行 有效的法律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及 《北京光环新网科技股份有限公司章程》(以下简称"《公司章程》")的有关规定, 指派本所律师对公司 2023 年年度股东大会(以下简称"本次股东大会")进行见 证,并依法出具本法律意见书。 致:北京光环新网科技股份有限公司 北京市嘉源律师事务所 为 ...

要点 公司 IDC 业务保持快速发展，拓展高性能智算服务。公司位于北京市房山区窦 店中关村产业园的数据中心，是北京市第一批绿色数据中心示范项目，为超大型 客户提供从数据中心单栋定制化建设到后期运维管理的全生命周期服务。截至 2023 年末，公司在河北燕郊地区投放数据中心资源已超过 10000 架，签约率 100%，上架率达 70%。公司于 2019 年开始投建的河北燕郊三四期项目采用 分期建设、逐步投入运营，目前项目运营收入可满足部分后续项目建设需求。公 司天津宝坻数据中心首期项目于 2021 年 12 月开工建设，2024 年 1 月已完成了 全部土建建设，可为各类企业提供高定制化、高扩展性的绿色数字基础设施综合 服务和高性能智算服务，满足北京地区用户外溢需求。 | --- | --- | --- | |-----------------------|------------|-------| | | | | | | | | | 市场数据 | | | | | | | | 总股本(亿股 ) | 17.98 | | | 总市值(亿元)： | 157.29 | | | 一年最低 /最高( 元)： | 6.74/1 ...

Financial Performance - The company's operating revenue for 2023 was ¥7,855,463,201.81, representing a 9.24% increase from ¥7,191,029,856.96 in 2022[50]. - The net profit attributable to shareholders for 2023 was ¥387,958,854.70, a significant recovery from a loss of ¥879,917,952.40 in 2022, marking a 144.09% increase[50]. - The net cash flow from operating activities for 2023 was ¥1,625,277,856.74, up 10.70% from ¥1,468,206,220.47 in 2022[50]. - The total assets at the end of 2023 were ¥18,871,282,624.55, a decrease of 2.27% compared to ¥19,310,568,716.34 at the end of 2022[50]. - The company reported a basic earnings per share of ¥0.22 for 2023, a recovery from a loss of ¥0.49 in 2022, reflecting a 144.90% increase[50]. - The weighted average return on equity for 2023 was 3.15%, a significant improvement from -7.00% in 2022[50]. - The company's total revenue for 2023 reached ¥7,855,463,201.81, representing a year-over-year increase of 9.24% from ¥7,191,029,856.96 in 2022[174]. - The telecommunications services segment generated ¥7,819,672,897.33, accounting for 99.54% of total revenue, with a growth of 9.22% compared to the previous year[174]. - The company achieved a revenue increase in its other services segment by 14.79%, totaling ¥35,790,304.48[174]. Operational Developments - The company officially launched its high-performance computing business in August 2023, leveraging existing network resources and data center facilities[27]. - The company plans to expand its data center capacity with several projects, including 6,000 cabinets in Phase I of the Fangshan Green Cloud Computing Base and 5,000 cabinets in Phase II[44]. - The company plans to expand its data center capacity by adding 16,000 cabinets in the Changsha project, which is expected to be completed by 2025[69]. - The company has invested in 52,000 cabinets to date, with plans to expand to over 110,000 cabinets once all data center projects are operational[93]. - The company has deployed over 10,000 data center resources in Hebei Yanjiao, achieving a 100% signing rate and a 70% shelf rate, providing stable and efficient IDC services[95]. - The company is actively expanding its IDC business in the Beijing-Tianjin-Hebei region, leveraging its data center cluster resources to provide customized and scalable services[119]. - The company has established a self-developed "Aizhiwei" data center operation management platform to enhance operational efficiency and data security[126]. - The company has successfully secured multiple operation management projects, including those for Beijing Unicom and Baidu, demonstrating its competitive service capabilities[155]. Market Trends and Competition - The competitive landscape is intensifying as traditional enterprises transition to the data center industry, leading to rapid market supply growth and declining service prices[15]. - The company reported that the internet industry remains the largest sector for computing power demand, accounting for 50% of the total[11]. - The cloud computing market in China is experiencing explosive growth, supported by government policies and increasing demand for digital transformation[89]. - The domestic cloud computing market size was 619.2 billion RMB in 2023, reflecting a year-on-year growth of 36%[113]. - The market for large models in China is projected to grow from 5 billion RMB in 2023 to 12 billion RMB in 2024, indicating a significant increase in demand for intelligent computing[111]. Sustainability and Energy Efficiency - The company is committed to sustainable practices, focusing on energy efficiency and green development in line with the "dual carbon" policy[86]. - The company aims to achieve a Power Usage Effectiveness (PUE) ratio of 1.3 by 2025, aligning with national carbon neutrality goals[86]. - The company has completed energy-saving measures that resulted in a reduction of nearly 50 million KWh of electricity consumption and saved over 30 million yuan in electricity costs in 2023[99]. - The company is committed to energy management and has implemented advanced energy-saving technologies to reduce energy consumption and carbon emissions across its data centers[124]. - The company's data centers are designed to utilize natural cooling and incorporate renewable energy sources, contributing to its sustainability goals[122]. - The company has launched a waste heat utilization project at the Fangshan data center, which is projected to provide winter heating for 500,000 square meters and reduce CO2 emissions by approximately 3,500 tons[151]. - The company has invested in energy-saving upgrades across its data centers, implementing advanced technologies that significantly improve energy efficiency and reduce carbon emissions[149]. Strategic Partnerships and Innovations - The company has initiated a strategic partnership with China Telecom to develop a new data center in Xinjiang, which will further enhance its market presence[69]. - The company signed strategic cooperation agreements with several tech firms to develop a computing network for AI applications, enhancing its position in the emerging intelligent computing market[129]. - The company has launched several new software products, including a cloud-based disaster recovery management system and a big data analysis system, enhancing its service offerings[193]. - The company has developed a data center energy management system aimed at optimizing energy consumption through real-time monitoring[184]. - The company has established a comprehensive management model for data centers, covering planning, customized construction, and operational management, aimed at reducing operational costs and improving resource utilization[189]. Awards and Recognition - The company has been recognized as a key partner in the National Supercomputing Changsha Center for 2023-2024, highlighting its role in the national computing infrastructure[98]. - The company was recognized as a "2023 East District Statistical Integrity Demonstration Enterprise" by the East District Statistics Bureau in December 2023[198]. - The company has received multiple accolades, including ranking 63rd in the "Top 100 Private Enterprises in Beijing" list[173]. - The company was awarded the "Golden Number Award - 2023 Annual Excellent Data Service Provider" in August 2023 for its innovative solutions in digital transformation[198]. - The company's Shanghai Jiading Green Cloud Computing Center received the "Z-2: Global Zero Carbon City Time Pioneer Award - Silver Level" in June 2023 for its contributions to green innovation and carbon reduction[198].