来源：金融界 润泽科技最新一期业绩显示，截至2025一季报，公司营业总收入11.98亿元、同比增长21.40%，归属净 利润4.30亿元，同比减少9.29%，扣非净利润4.28亿元，同比减少8.97%，流动比率1.611、速动比率 1.336、资产负债率63.56%。 天眼查商业履历信息显示，润泽智算科技集团股份有限公司，成立于2007年，位于廊坊市，是一家以从 事互联网和相关服务为主的企业。企业注册资本172148.1649万人民币，实缴资本85386.7583万人民币。 公司法定代表人为周超男。 通过天眼查大数据分析，润泽智算科技集团股份有限公司共对外投资了5家企业，参与招投标项目29 次，专利信息45条，此外企业还拥有行政许可31个。 金融界消息 截至2025年8月8日收盘，润泽科技（300442）报收于48.42元，上涨0.5%，换手率1.6%，成 交量26.00万手，成交金额12.64亿元。 资金流向方面，今日主力资金净流入1.39亿元，占比成交额11.04%。其中，超大单净流入4986.49万 元、占成交额3.95%，大单净流入8959.76万元、占成交额7.09%，中单净流出流出1820.53万 ...

Core Viewpoint - The successful listing of the Southern Runze Technology Data Center REIT marks a significant expansion of public REITs' underlying assets in China, particularly in the data center sector, providing an innovative financing model for the industry [1][2]. Group 1: REIT Overview - The Southern Runze Technology Data Center REIT is one of the first data center REIT products in China, with its underlying asset being the A-18 data center located in Langfang, Hebei Province [1]. - The A-18 data center has a total of 5,794 standard cabinets with a power capacity of 7.04 kW, 100 high-power cabinets at 16.5 kW, and 3 ultra-high-power cabinets at 30.36 kW, offering integrated server hosting services [1]. - The REIT raised 4.5 billion yuan by issuing 1 billion shares, with the funds primarily allocated for the construction of the Chongqing Runze (Southwest) International Information Port project [1]. Group 2: Investor Interest and Market Response - The REIT received significant interest from investors, with over 40,000 effective subscriptions during the issuance period, leading to a sell-out of the public offering portion in one day [2]. - Institutional investors held 93.94% of the fund's shares, with Runze Technology being the largest holder, owning over 30% of the shares [2]. - The issuance process was supported by favorable policies from the China Securities Regulatory Commission aimed at promoting REITs in technology and infrastructure sectors [2][3]. Group 3: Industry Implications - The issuance of the Southern Runze Technology Data Center REIT is expected to enhance the company's financing channels and reinvestment capabilities, providing a solid financial foundation for long-term development [3]. - The successful launch of this REIT is anticipated to lead to a broader trend in the industry, transitioning from mere scale expansion to value creation within the data center sector, thereby injecting sustainable financial resources into the digital economy [4].

Core Insights - The Southern Runze Technology Data Center REIT, a significant milestone in China's data center industry, will be listed on the Shenzhen Stock Exchange on August 8, 2025, with a total issuance of 1 billion shares and a fundraising scale of 4.5 billion yuan, marking a new phase of asset securitization in the sector [1] - The A-18 data center, located in Langfang, Hebei, serves as the underlying asset for the REIT, benefiting from its strategic location and achieving a 100% signing rate and over 99% shelf rate since its operation began in December 2020 [2] Asset Logic - The core value of the Southern Runze Technology REIT lies in the A-18 data center, which has a unique geographical advantage, fulfilling the high demands for low latency and reliability from clients in the Beijing area [2] - The A-18 data center features 5,897 cabinets and a total power of 42.5 MW, positioning it as a leading project in the domestic market [2] Innovative Model - The REIT's success is attributed to its unique "data center + green electricity" model, which addresses the funding challenges faced by traditional heavy asset models in the data center industry [3] - By securitizing the A-18 data center at a valuation of 3.725 billion yuan, the company has created a virtuous cycle of investment, operation, securitization, and reinvestment, allowing for accelerated national computing network layout without significantly increasing debt [3] Industry Significance - The introduction of REITs provides a solution to the long-standing dilemma of "scale expansion vs. funding constraints" in the data center industry, enabling the transformation of illiquid fixed assets into tradable standardized products [4] - The company's practices offer a replicable model for the industry, with plans for further asset securitization of its upcoming projects [4] Policy and Market Resonance - The successful listing of the Southern Runze Technology REIT is supported by a favorable policy environment, including recent measures from the National Development and Reform Commission and the China Securities Regulatory Commission to promote REITs in the technology sector [5] - The REIT's launch enhances the multi-tiered capital market system in China, with a total of 68 public REITs issued by mid-2025, expanding the asset spectrum to include technology-intensive assets [6] Valuation Logic Transformation - The emergence of REITs introduces a shift in valuation methods for data center companies from PE (Price-to-Earnings) to NAV (Net Asset Value), promoting a focus on asset operational efficiency and cash flow stability [7] New Opportunities in Asset Securitization - The listing of the Southern Runze Technology REIT signifies the beginning of data center asset securitization, facilitating a capital cycle that supports the construction of digital infrastructure in China [8] - The successful issuance of data center REITs is expected to foster healthy development across the industry, with companies possessing core location advantages and technological leadership likely to achieve higher asset premiums [9]

Core Insights - The launch of the Southern Runze Technology Data Center REIT marks a significant milestone in financial innovation for the computing power era, filling a gap in the Chinese public REITs market for digital infrastructure [1][3] - This REIT represents a shift from traditional infrastructure to new infrastructure, recognizing the importance of data centers in supporting the digital economy and artificial intelligence [1][3] Group 1: Market Position and Innovation - The Southern Runze Technology Data Center REIT is one of the first public REITs in China to use data centers as underlying assets, indicating a new model for asset securitization in the industry [1] - The underlying asset, A-18 Data Center, has been recognized as a "National Green Data Center," showcasing high operational standards with a cabinet occupancy rate exceeding 99% [1] Group 2: Financing and Investment Cycle - The REIT provides a new paradigm for addressing financing challenges in the data center sector, allowing original stakeholders to recover funds quickly and reinvest in new projects, thus creating a virtuous cycle of investment and operation [2] - The REIT structure is seen as a key step in facilitating a healthy cycle for IDC assets, improving liquidity and enabling efficient expansion while reducing debt [2] Group 3: Investor Interest and Performance Metrics - The REIT has garnered significant investor interest, with public investors subscribing to 28.616 billion shares, resulting in a subscription ratio of nearly 318 times, indicating strong market demand [3] - Forecasted cash distribution rates for 2025 and 2026 are projected at 6.38% and 5.32% respectively, which are higher than the average for other property-type REITs, highlighting its attractiveness as a rare quality asset [3]

③ 消息面上，财政部、税务总局宣布，今日起，对在该日期之后(含当日)新发行的国债、地方政府债 券、金融债券的利息收入，恢复征收增值税。(张韵) 中证网讯①8月8日，首批数据中心REITs——南方润泽科技（300442）数据中心REIT、南方万国数据中 心REIT上市交易。前者募资45亿元，后者募资24亿元。 ② 8月8日，招商资管智达红利优选、格林科技成长、鑫元中证800自由现金流指数、华宝中证制药ETF 联接等多只基金开启发售。相关基金主投方向均为今年以来的热门投资方向。 ...

智通财经APP获悉，8月8日共有2家上市公司的限售股解禁，解禁总市值约367.75亿元。 今日具体限售解禁股情况如下： 股票简称 股票代码 限售股类型 解禁股数 润泽科技 300442 增发A股法人配售上市 11.01亿 魅视科技 001229 发行前股份限售流通 7059.41万 ...

证券代码：300442 证券简称：润泽科技 公告编号：2025-050 （一）向特定对象发行股票购买资产概况 2022 年 6 月 2 日，公司收到中国证券监督管理委员会（简称"中国证监会"） 于 2022 年 5 月 27 日出具的《关于同意上海普丽盛包装股份有限公司2重大资产 置换及向京津冀润泽（廊坊）数字信息有限公司等发行股份购买资产并募集配套 资金注册的批复》（证监许可〔2022〕1100 号，简称"《1100 号文》"）。中 润泽智算科技集团股份有限公司 关于发行股份购买资产暨关联交易限售股份 解禁上市流通的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次解除限售的股份系润泽智算科技集团股份有限公司（简称"公司" 或"上市公司"）2022 年实施重大资产置换、发行股份购买资产并募集配套资 金暨关联交易（简称"本次交易"或"本次重组"或"2022 年重大资产重组"） 时，为向特定对象购买资产而发行的有限售条件股份及上市公司本次重组前的控 股股东、实际控制人及其一致行动人在本次交易前持有的上市公司股份。本次解 除限售的股份 ...

华泰联合证券有限责任公司 关于润泽智算科技集团股份有限公司 重大资产置换、发行股份购买资产并募集配套资金 暨关联交易之部分限售股解禁上市流通的独立财务 顾问核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"独立财务顾问"） 作为润泽智算科技集团股份有限公司（以下简称"润泽科技"、"上市公司"或 "公司"）重大资产置换、发行股份购买资产并募集配套资金暨关联交易的独立 财务顾问及持续督导机构，根据《上市公司重大资产重组管理办法》《上市公司 并购重组财务顾问业务管理办法》的有关规定及深交所《深圳证券交易所创业 板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上 市公司规范运作》的相关要求，对润泽科技重大资产置换、发行股份购买资产 并募集配套资金暨关联交易中发行股份购买资产的部分限售股解禁上市流通事 项进行了审慎核查，具体核查情况如下： 一、向特定对象发行股票购买资产概况和股本变动情况 （一）向特定对象发行股票购买资产概况 2022 年 6 月 2 日，公司收到中国证券监督管理委员会（简称"中国证监会"） 于 2022 年 5 月 27 日出具的《关于同意上海普丽盛包装股份有限公 ...

润泽智算科技集团股份有限公司重大资产置换、发行股份 1 "上海普丽盛包装股份有限公司"已更名为"润泽智算科技集团股份有限公司"。 购买资产并募集配套资金暨关联交易之部分限售股份 解禁上市流通的独立财务顾问核查意见 国元证券股份有限公司（以下简称"国元证券"或"独立财务顾问"）作为 润泽智算科技集团股份有限公司（以下简称"润泽科技"、"上市公司"或"公司"） 本次重大资产置换、发行股份购买资产并募集配套资金暨关联交易（以下简称"重 大资产重组"或"本次重组"）的独立财务顾问及持续督导机构，根据《上市公 司重大资产重组管理办法》《深圳证券交易所创业板股票上市规则》《深圳证券交 易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等相关法律、 法规及规范性文件的规定，对润泽科技重大资产置换、发行股份购买资产并募集 配套资金暨关联交易中发行股份购买资产的限售股份解禁上市流通事项进行了 审慎核查，核查情况及核查意见如下： 一、向特定对象发行股票购买资产概况和股本变动情况 （一）向特定对象发行股票购买资产概况 2022 年 6 月 2 日，公司收到中国证券监督管理委员会（以下简称"中国证 监会"）于 2022 ...

格隆汇8月5日丨润泽科技(300442.SZ)公布，2025年8月5日，公司通过回购专用证券账户以集中竞价方 式首次回购公司股份数量为220,000股，占公司总股本0.01%，回购成交的最高价格为47.69元/股，最低 价格为47.50元/股，支付的总金额为人民币10,473,100元（不含交易费用）。本次回购符合法律法规的 相关规定，符合公司既定的回购股份方案。 ...