广东奥飞数据科技股份有限公司 与 民生证券股份有限公司 关于 广东奥飞数据科技股份有限公司 申请向特定对象发行股票的审核问询函的 回复 保荐机构（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 深圳证券交易所： 贵所 2025 年 7 月 21 日下发的《关于广东奥飞数据科技股份有限公司申请向 特定对象发行股票的审核问询函》（审核函〔2025〕020031 号）（以下简称"问 询函"）已收悉。广东奥飞数据科技股份有限公司（以下简称"奥飞数据"、"发 行人"、"公司"）仔细阅读了问询函的全部内容，并根据问询函的要求，会同 民生证券股份有限公司（以下简称"保荐机构"、"保荐人"）、国浩律师（广 州）事务所（以下简称"律师"、"发行人律师"）、广东司农会计师事务所（特 殊普通合伙）（以下简称"会计师"）等中介机构对相关内容和问题进行了核查， 对申请材料认真地进行了修改、补充和说明。现对问询函的落实和募集说明书的 修改情况逐条书面回复，并提交贵所，请予审核。特别说明： 1、如无特别说明，本回复中使用的简称或名词释义与《广东奥飞数据科技 股份有限公司 2025 年度向特定对象发行 A 股股票募集说明书》（以下 ...

民生证券股份有限公司 关于 声明 民生证券股份有限公司（以下简称"保荐人""保荐机构""民生证券"） 接受广东奥飞数据科技股份有限公司（以下简称"奥飞数据""公司"或"发行 人"）的委托，担任奥飞数据本次向特定对象发行 A 股股票（以下简称"本项目"） 的保荐人。 本保荐人及保荐代表人根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）《上市公司 证券发行注册管理办法》（以下简称"《注册管理办法》"）《证券发行上市保 荐业务管理办法》（以下简称"《保荐管理办法》"）等有关法律、行政法规和 中国证券监督管理委员会（以下简称"中国证监会"）及深圳证券交易所（下称 "深交所"）的有关规定，诚实守信，勤勉尽职，严格按照依法制定的业务规则 和行业自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 3-3-2 广东奥飞数据科技股份有限公司 2025 年度向特定对象发行 A 股股票 之 上市保荐书 保荐人（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 3-3-1 广东奥飞数据科技股份有限公司 2025 年度向特定对象发行 A 股股票 上市保荐书 广 ...

广东奥飞数据科技股份有限公司 向特定对象发行股票募集说明书 股票简称：奥飞数据 股票代码：300738 广东奥飞数据科技股份有限公司 2025 年度向特定对象发行 A 股股票 募集说明书 （申报稿） 保荐人（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 二零二五年八月 1-1-1 广东奥飞数据科技股份有限公司 向特定对象发行股票募集说明书 声 明 本公司全体董事、监事、高级管理人员承诺募集说明书不存在任何虚假记载、 误导性陈述或重大遗漏，并保证所披露信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计报告真实、完整。 证券监督管理机构及其他政府部门对本次发行所作的任何决定，均不表明其 对公司所发行证券的价值或者投资人的收益作出实质性判断或者保证。任何与之 相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，公司经营与收益的变化，由公司 自行负责，由此变化引致的投资风险，由投资者自行负责。 1-1-2 广东奥飞数据科技股份有限公司 向特定对象发行股票募集说明书 重大事项提示 公司特别提示投资者对下列重大事项给予充分关注，并仔细阅读本募集说 ...

Market Overview - On August 20, the communication services sector rose by 0.39% compared to the previous trading day, with Huaxing Chuangye leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Individual Stock Performance - Huaxing Chuangye (300025) closed at 7.46, with a gain of 2.75% and a trading volume of 244,900 shares, amounting to a transaction value of 179 million yuan [1] - Yitong Century (300310) closed at 6.91, up 2.22%, with a trading volume of 419,600 shares and a transaction value of 286 million yuan [1] - Zhongfutong (300560) closed at 14.96, gaining 1.56% with a trading volume of 89,700 shares and a transaction value of 132 million yuan [1] - Runze Technology (300442) closed at 56.77, up 1.45%, with a trading volume of 129,530 shares and a transaction value of 1.642 billion yuan [1] - Guanghuan Xinwang (300383) closed at 15.61, gaining 1.43% with a trading volume of 815,200 shares and a transaction value of 1.249 billion yuan [1] Fund Flow Analysis - The communication services sector experienced a net outflow of 353 million yuan from institutional investors and 376 million yuan from speculative funds, while retail investors saw a net inflow of 729 million yuan [2] - China Mobile (600941) had a net inflow of 115 million yuan from institutional investors, while it faced a net outflow of 203 million yuan from speculative funds [3] - North Latitude Technology (002148) saw a net inflow of 59.67 million yuan from institutional investors, with a net outflow of 53.74 million yuan from speculative funds [3]

Core Insights - The report highlights the growth potential of the company as a leading player in the AIDC sector, capitalizing on the AI computing wave [2] - The company has established a comprehensive data center infrastructure across major cities in China, with plans for further expansion [2] - The company is set to benefit from the development of AIGC, with projected net profits showing significant growth from 2025 to 2027 [2] Group 1 - The company was founded in 2014 and is a leading provider of internet cloud computing and big data infrastructure services in China [2] - As of December 2024, the company will operate 14 self-built data centers across key cities, with a planned cabinet scale exceeding 100,000 units [2] - The company expects net profits of 208 million, 314 million, and 447 million yuan for 2025, 2026, and 2027 respectively, with corresponding PE ratios of 101.2, 67.1, and 47.1 times [2] Group 2 - The company operates over 70 cloud computing centers globally, with business spanning over 40 cities in China and more than 20 countries [3] - A fundraising initiative aims to raise up to 1.75 billion yuan for the construction of additional data center facilities in Langfang [3] - The company has established a stable customer base, including major clients like Baidu and Kuaishou, and is expanding its computing power-related services [4] Group 3 - The company employs a "wholesale + retail" sales model for its IDC business, enhancing customer relationships and maintaining strong bargaining power [4] - In 2023, the company began building a computing power platform to support future leasing and sales of computing power equipment [4] - The company has signed a memorandum of cooperation with Alibaba Cloud for its South China data center, further solidifying its market position [4]

Core Viewpoint - Company is positioned as a leading player in the AIDC sector, capitalizing on the opportunities presented by AI computing trends, with a "buy" rating assigned for its stock [1] Group 1: Company Overview - Founded in 2014, the company is a leading provider of internet cloud computing and big data infrastructure solutions in China, offering IDC services and other internet services [1] - The company's data center footprint has expanded from South China to multiple core cities nationwide, with 14 self-built data centers planned to exceed 100,000 cabinet scales by the end of December 2024 [1] - The company is expected to benefit significantly from the development of AIGC, with projected net profits of 208 million, 314 million, and 447 million yuan for 2025, 2026, and 2027 respectively [1] Group 2: Business Expansion - The company operates over 70 cloud computing centers globally, with business spanning over 40 cities in China and more than 20 countries, participating in major infrastructure projects like the "Belt and Road" initiative [2] - A fundraising initiative aims to raise up to 1.75 billion yuan for the construction of additional data center facilities in Langfang [2] Group 3: Client Recognition and Business Strategy - The company's IDC business employs a "wholesale + retail" sales model, boasting a stable and diverse client base, including major internet companies like Baidu and Kuaishou [3] - In 2023, the company began building a computing power platform, with plans to enhance its computing power leasing and related equipment sales to strengthen client relationships and maintain pricing power [3]

（文章来源：每日经济新闻） 开源证券8月18日发布研报称，给予奥飞数据（300738.SZ）买入评级。评级理由主要包括：1）定增募 资拓展AIDC，全球拓展云计算与大数据业务；2）获行业头部客户认可，积极拓展算力相关业务。风险 提示：AI及云计算发展不及预期、能耗指标获取不及预期、行业竞争加剧。 ...

金融界消息 截至2025年8月15日收盘，奥飞数据（300738）报收于21.35元，上涨1.18%，换手率 6.57%，成交量64.74万手，成交金额13.77亿元。 资金流向方面，今日主力资金净流入1115.74万元，占比成交额0.81%。其中，超大单净流入2084.49万 元、占成交额1.51%，大单净流出968.76万元、占成交额0.7%，中单净流出流出1383.25万元、占成交额 1.0%，小单净流入267.51万元、占成交额0.19%。 奥飞数据最新一期业绩显示，截至2025一季报，公司营业总收入5.36亿元、同比增长40.62%，归属净利 润5174.76万元，同比增长2.47%，扣非净利润5461.34万元，同比增长2.29%，流动比率0.559、速动比率 0.544、资产负债率72.70%。 天眼查商业履历信息显示，广东奥飞数据科技股份有限公司，成立于2004年，位于广州市，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98512.0168万人民币，实缴资本1000万人民币。公司法 定代表人为冯康。 通过天眼查大数据分析，广东奥飞数据科技股份有限公司共对外投资了41家企业，参与招投标 ...

Group 1 - The core point of the article is that Aofei Data announced the approval of multiple proposals, including the revised plan for issuing A-shares to specific targets for the year 2025 during the 21st meeting of the fourth Supervisory Board [2]

（文章来源：证券日报） 证券日报网讯 8月13日晚间，奥飞数据发布公告称，公司第四届董事会第二十四次会议审议通过了《关 于2025年度向特定对象发行A股股票预案（二次修订稿）的议案》等多项议案。 ...