Group 1: Opportunities and Challenges - The pilot program for data element reform in the Guangdong-Hong Kong-Macao Greater Bay Area will accelerate regional data flow and industrial development, leading to increased demand for data storage and processing services [2] - The company has established several self-operated data centers in the region, leveraging its extensive business experience [2] - Challenges include intensified industry competition driven by policy changes and heightened requirements for data security and business operations [2] Group 2: Business Impact and Strategic Alignment - The "Implementation Plan for Comprehensive Reform Pilot of Market-oriented Allocation of Factors in Nine Cities of the Greater Bay Area" aims to promote the autonomous and orderly flow of factors, aligning with the company's IDC business distribution in key areas like the Greater Bay Area and Beijing-Tianjin-Hebei [3] - The company will continue to monitor policy developments and explore suitable growth directions based on market conditions and its operational realities [3] Group 3: Financial Performance and Share Price - The company's main business, IDC services and other internet comprehensive services, accounts for over 90% of its revenue, differentiating it from competitors like Kehua Data and Xiechuang Data [3] - The company adheres to a business strategy focused on "ensuring delivery and promoting listings" to enhance operational results [3] Group 4: Shareholding Changes - The company sold 70% of its stake in Sichuan Huatuo in November 2024, and will no longer hold shares in the company following the completion of this sale [3]

Investment Rating - The report maintains an "Overweight" rating for the communication industry [5]. Core Insights - The communication industry experienced steady revenue growth and accelerated profitability in H1 2025, with total revenue reaching 1,785 billion yuan, a year-on-year increase of 10.07%, and net profit attributable to shareholders at 160.43 billion yuan, up 11.26% year-on-year [2][8]. - In Q2 2025, the industry continued to show robust growth, with revenue of 942.48 billion yuan, reflecting a year-on-year increase of 10.91%, and net profit attributable to shareholders of 98.68 billion yuan, up 12.33% year-on-year [11]. - Key sectors such as optical modules, communication PCBs, network equipment manufacturers, and IoT modules demonstrated strong performance, ranking among the top five in revenue and net profit growth rates [14][16]. Summary by Sections 1. H1 2025 Performance Overview - The communication industry achieved total revenue of 1,785 billion yuan in H1 2025, with a year-on-year growth of 10.07%, and net profit attributable to shareholders of 160.43 billion yuan, up 11.26% year-on-year [2][8]. 2. AI Industry Chain Investment - Overseas cloud vendors are expected to maintain optimistic growth in capital expenditures, with a total of 95 billion USD in Q2 2025, marking an increase of 82.96% year-on-year [22]. - Major companies like Apple and Meta are significantly increasing their investments in AI infrastructure, indicating a robust outlook for the AI industry chain [22][24]. 3. Sector Performance Changes - The optical module and device sector reported revenue of 479.88 billion yuan in H1 2025, with a year-on-year increase of 64.88%, and net profit of 108.76 billion yuan, up 111.99% year-on-year [31]. - The communication PCB sector achieved revenue of 572.49 billion yuan in H1 2025, reflecting a year-on-year growth of 37.66%, and net profit of 80.58 billion yuan, up 80.79% year-on-year [36]. - The network equipment sector generated revenue of 5,071.11 billion yuan in H1 2025, with a year-on-year increase of 28.86%, and net profit of 191.84 billion yuan, up 19.57% year-on-year [40]. 4. Telecom Operators' Performance - The basic telecom operators' sector reported revenue of 10,133.93 billion yuan in H1 2025, a slight increase of 0.33% year-on-year, with net profit of 1,136.01 billion yuan, up 5.14% year-on-year [54]. - China Mobile's total connections reached 3.815 billion, with a net increase of 145 million, and its digital transformation revenue grew by 6.6% year-on-year [55].

关于参加 2025 年广东辖区投资者网上集体接待日活动 的公告 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、误导性陈述或者重大遗漏。 | 证券代码：300738 | 证券简称：奥飞数据 | 公告编号：2025-090 | | --- | --- | --- | | 债券代码：123131 | 债券简称：奥飞转债 | | 广东奥飞数据科技股份有限公司 为进一步加强与投资者的互动交流，广东奥飞数据科技股份有限公司（以下 简称"公司"）将参加由中国证券监督管理委员会广东证监局、广东上市公司协 会联合举办的"向新提质 价值领航——2025 广东辖区投资者关系管理月活动暨 投资者集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）参与本次互动交流，活动时间为 2025 年 9 月 19 日（周五） 15:30-17:00。届时公司董事、总经理黄展鹏先生，董事、财务总监林卫云女士， 董事会秘书刘海晏先生将在线就公司 2025 年半年度业绩、公司治理、发展战略、 经营状况和可持续发展等投资者关心的问题， ...

| 证券代码：300738 | 证券简称：奥飞数据 | 公告编号：2025-089 | | --- | --- | --- | | 债券代码：123131 | 债券简称：奥飞转债 | | 广东奥飞数据科技股份有限公司 2025 年第四次临时股东会决议公告 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、误导性陈述或者重大遗漏。 特别提示： 1、本次股东会无变更、否决提案的情况。 2、本次股东会无涉及变更前次股东会决议的情形。 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2025年9月15日（星期一）下午14:30。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间 为：2025年9月15日上午9:15至9:25，9:30至11:30，下午13:00至15:00。 通过深圳证券交易所互联网投票系统进行投票的具体时间为：2025年9月15 日上午9:15至2025年9月15日下午15:00期间的任意时间。 2、现场会议召开地点：广州市天河区华景路 1 号南方通信大厦 9 层广东奥 飞数据科技股份有限公司会议室。 3、会议召开方式：采取现场投票和网络投 ...

北京上海深圳杭州广州昆明天津成都宁波福州西安南京南宁济南重庆苏州长沙太原武汉贵阳乌鲁木齐郑州石家庄 合 肥 海 南 青 岛 南 昌 大 连 银 川 拉 孜 香 港 巴 黎 马 德 里 斯 德 哥 尔 摩 纽 约 马 来 西 亚 柬 埔 寨 乌 兹 别 克 斯 坦 广州市天河区华夏路 32 号太平洋金融大厦 19 楼 邮编：510620 电话：(+86)(20) 3879 9346、3879 9348 传真：(+86)(20) 3879 9348-200 国浩律师(广州)事务所 关于广东奥飞数据科技股份有限公司 2025 年第四次临时股东会的法律意见 广东奥飞数据科技股份有限公司： 根据中国证券监督管理委员会发布的《上市公司股东会规则》(以下简称《股 东会规则》)的要求，国浩律师(广州)事务所(以下简称"本所")接受广东奥飞 数据科技股份有限公司(以下简称"奥飞数据"或"公司")的委托，指派钟成龙、 陈伟律师(以下简称"本所律师")出席奥飞数据 2025 年第四次临时股东会(以下 简称"本次股东会")，对本次股东会的召集与召开程序、出席会议人员与召集 人的资格、表决程序与表决结果等重要事项出具法律意见。 本所及 ...

Group 1 - The company, AoFei Data (300738.SZ), currently has no plans for a Hong Kong listing [1]

Core Viewpoint - AoFei Data's stock price has increased for four consecutive days, with a total gain of 11.36% during this period, reflecting positive market sentiment towards the company [1] Company Overview - AoFei Data Technology Co., Ltd. is located in Guangzhou, Guangdong Province, and was established on September 28, 2004. The company went public on January 19, 2018. Its main business involves Internet Data Center (IDC) operations, with IDC services accounting for 82.18% of revenue and other internet services making up 17.82% [1] Shareholder Information - Huaan Fund's Huaan Media Internet Mixed A (001071) has entered the top ten circulating shareholders of AoFei Data, holding 4.6846 million shares, which is 0.48% of the circulating shares. The fund has gained approximately 1.07746 million yuan during the four-day stock price increase [2] - Huaan Media Internet Mixed A (001071) was established on May 15, 2015, with a current scale of 4.484 billion yuan. Year-to-date returns are 31.92%, ranking 2410 out of 8246 in its category, while the one-year return is 78.78%, ranking 1095 out of 8054 [2] Fund Performance - Huaan Media Internet Mixed A (001071) is managed by Hu Yibin, who has a tenure of 9 years and 297 days. The fund's total asset scale is 16.472 billion yuan, with the best return during his tenure being 267.4% and the worst being 2.7% [3] - Huaan Zhilian Mixed (LOF) A (501073) holds 223,400 shares of AoFei Data, representing 2.4% of the fund's net value. The fund has gained approximately 51.38 thousand yuan during the four-day increase [4] - Huaan Zhilian Mixed (LOF) A (501073) was established on June 11, 2019, with a current scale of 187 million yuan. Year-to-date returns are 34.94%, ranking 2048 out of 8246, while the one-year return is 57.19%, ranking 2413 out of 8054 [4] Fund Manager Information - Huaan Zhilian Mixed (LOF) A (501073) is managed by Zhu Caimin and Xu Hantian. Zhu has a tenure of 10 years and 303 days, with a total asset scale of 929 million yuan. His best return during the tenure is 280.3%, while the worst is -2.36% [5] - Xu Hantian has a tenure of 127 days, managing assets totaling 195 million yuan, with the best return being 31.89% and the worst being 31.72% [5]

Group 1 - The core viewpoint of the news is that Aofei Data's stock has seen a significant increase, with a rise of 5.02% to 21.77 CNY per share, and a trading volume of 1.137 billion CNY, indicating strong market interest [1] - Aofei Data, established on September 28, 2004, operates in the Internet Data Center (IDC) sector, with 82.18% of its revenue coming from IDC services and 17.82% from other internet services [1] - The company's total market capitalization is reported at 21.447 billion CNY [1] Group 2 - Taiping Fund has a significant holding in Aofei Data, with its Taiping CSI 1000 Index Enhanced A fund holding 61,600 shares, representing 0.59% of the fund's net value, making it the seventh-largest holding [2] - The Taiping CSI 1000 Index Enhanced A fund has achieved a year-to-date return of 25.86% and a one-year return of 68.5%, ranking 1511 out of 4222 and 1115 out of 3798 respectively in its category [2] - The fund was established on April 29, 2022, and currently has a total asset size of 197 million CNY [2]

Market Performance - On September 11, the communication services sector rose by 1.04%, with Aofei Data leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Top Gainers in Communication Services - Aofei Data (300738) closed at 21.91, up 5.69%, with a trading volume of 859,000 shares and a turnover of 1.842 billion yuan [1] - Guanghuan New Network (300383) closed at 14.83, up 4.88%, with a trading volume of 973,500 shares and a turnover of 1.420 billion yuan [1] - Putian Technology (002544) closed at 24.37, up 4.23%, with a trading volume of 423,700 shares and a turnover of 1.004 billion yuan [1] Market Capital Flow - The communication services sector experienced a net outflow of 2.049 billion yuan from institutional investors, while retail investors saw a net inflow of 1.565 billion yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2] Individual Stock Capital Flow - Aofei Data saw a net inflow of 93.6492 million yuan from institutional investors, while retail investors had a net outflow of 91.6584 million yuan [3] - Putian Technology experienced a net inflow of 56.9797 million yuan from institutional investors, but a net outflow of 63.5161 million yuan from retail investors [3] - Guanghuan New Network had a net inflow of 31.5450 million yuan from institutional investors, with a slight net outflow from retail investors [3]

Market Overview - The Shanghai Composite Index closed at 3855.10 points, above the six-month moving average, with an increase of 1.12% [1] - The total trading volume of A-shares reached 14961.95 billion yuan [1] Stocks Breaking Six-Month Moving Average - A total of 118 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Xinxiangwei (688593) with a deviation rate of 18.44% and a price increase of 20.00% [1] - Fabon Information (300925) with a deviation rate of 11.71% and a price increase of 13.31% [1] - Aerospace Engineering (603698) with a deviation rate of 8.55% and a price increase of 10.01% [1] Additional Stocks with Minor Deviations - Stocks with smaller deviation rates that have just crossed the six-month moving average include: - Huatushan (300492) with a deviation rate of 8.31% and a price increase of 10.82% [1] - Leidi Technology (300652) with a deviation rate of 6.06% and a price increase of 8.27% [1] - Tianshan Electric (301379) with a deviation rate of 4.05% and a price increase of 4.14% [1]