通过此次交易，秦淮数据与东阳光集团在绿色低碳领域形成的资源互补与战略协同，将驱动"算电协 同"新模式的构建，为行业可持续发展定义新范式，确立新基准。秦淮数据的冷却技术与东阳光集团在 液冷材料、精密制造等领域的积淀相结合，将显著提升算力基础设施的能效水平。"随着双方整合的深 入推进，依托各自上下游优势资源，双方也将有机会向以自动标识与数据采集（AIDC）为核心的AI全 产业链拓展业务，释放更多元的协同价值。"秦淮数据CEO吴华鹏对《证券日报》记者表示。 "这一交易行为标志着数据中心行业进入资本整合深化期。未来并购逻辑将转向'区位价值+客户黏性+能 效水平'综合评估，这也预示着中小厂商生存空间压缩，行业集中度加速提升，资本与技术双轮驱动特 征愈发显著。"中国电子商务专家服务中心副主任郭涛对《证券日报》记者说。 行业最大规模并购交易 "这是中国数据中心行业迄今为止规模最大的并购交易。"秦淮数据工作人员对《证券日报》记者 说，"这一交易能够为公司注入产业端的稀缺资源，让公司在AI革命与能源革命深度融合的关键阶段获 得强劲的发展新动能。"本次收购也是东阳光集团主动融入国家"东数西算"战略布局、服务构建全国一 体化算力网 ...

报道 I 投资界PEdaily 投 资 界 消 息 ， 9 月 10 日 晚 ， 贝 恩 资 本 宣 布 旗 下 数 据 中 心 投 资 组 合 公 司 Wi nTriX DC Gr o u p，已与深圳市东阳光实业发展有限公司（简称"东阳光集团"）牵头的银团达成协 字节为最大客户。 280亿并购诞生 PE漂亮退出 根据公告，这笔交易分为三部分——首先，上市公司东阳光及其控股股东深圳东阳光实业 分别与东数一号签署《增资协议》，拟对其增资35亿元、4 0亿元；增资完成后，分别持 有东数一号46 .67%、5 3. 3 3%的股权。 第二步，东数一号将上述资金注入全资子公司上海东创未来数据有限责任公司（下称"东 创未来"）。与此同时，东创未来已与银团签署并购贷款合同。 最后，东创未来拟将出资款及相关贷款出资至其全资子公司东数三号，由东数三号作为最 终交易主体收购秦淮数据中国10 0%股权。 作者 I 王露 杨继云 议，出售其中国业务（即"秦淮数据"）的全部股权。 4 0亿美元，约28 0亿人民币，一举成为中国数据中心迄今规模最大的并购交易。 复盘下来， 贝恩资本的一系列运作令人印象深刻：六年前 以约1 0亿元 收 ...

上市公司东阳光公告称，公司及公司控股股东深圳东阳光实业分别与东数一号签署《增资协议》，拟对东数一号增资35亿 元、40亿元；增资完成后，公司、深圳东阳光实业分别持有东数一号46.6654%、53.3332%的股权。 东数一号计划将前述增资款出资至其全资子公司上海东创未来数据有限责任公司。目前，东创未来已与银团签署并购贷款 合同，东创未来拟将相关贷款及出资款进一步出资至其全资子公司东数三号，由东数三号作为最终交易主体收购秦淮数据 中国100%股权，作价为280亿元。 第 714 期 2025-09-11 焦点事件 世界首富盘中易主！埃里森一度超越马斯克成为全球首富 根据彭博亿万富豪指数，当地时间10日上午，甲骨文联合创始人拉里·埃里森的身家飙升至3930亿美元，超越马斯克（3850 亿美元），成为全球首富。但到当日收盘时，甲骨文的股价已回吐部分涨幅，马斯克也因此重新夺回首富宝座。在短暂被 埃里森超越之前，马斯克已连续近一年蝉联全球首富。 A股现280亿收购！700亿巨头出手，抢占算力基建赛道 ST华扬信披违规案落地！董事长被罚750万元、董秘被罚200万元 ST华扬发布公告，近日公司及前实际控制人苏同收到北京证 ...

算力行业重磅交易。 9月10日晚，上市公司东阳光（600673）（600673）公告称，公司及公司控股股东深圳东阳光实业分别与东数一号签署《增资协议》，拟对东数一号增资 35亿元、40亿元；增资完成后，公司、深圳东阳光实业分别持有东数一号46.6654%、53.3332%的股权。 据悉，东数一号计划将前述增资款出资至其全资子公司上海东创未来数据有限责任公司（下称"东创未来"）。目前，东创未来已与银团签署并购贷款合 同，东创未来拟将相关贷款及出资款进一步出资至其全资子公司东数三号，由东数三号作为最终交易主体收购秦淮数据中国100%股权，作价为280亿元。 秦淮数据系算力巨头。据中国信通院发布的"2024年中国算力中心服务商十强"榜单，秦淮数据连续三年榜上有名，并在集约发展、国际布局、绿色低碳三 大分项指数均位居行业第一。 上述一系列交易完成后，东阳光将成为东数一号的参股股东，从而间接持有秦淮数据中国部分股权。 今年5月，环球网报道称，贝恩资本拟出售秦淮数据中国区业务，交易估值可能超40亿美元，约合290亿元人民币。 据知情人士透露，这场交易引发了国内多家实力雄厚的竞标者纷纷入场竞逐。除了深圳东阳光实业等，还包括 ...

格隆汇9月10日｜东阳光公告，公司与关联方深圳市东阳光实业发展有限公司拟共同增资宜昌东数一号 投资有限责任公司，增资金额分别为35亿元、40亿元。同时，东数一号通过全资孙公司宜昌东数三号投 资有限责任公司拟收购秦淮数据中国区业务经营主体100%股权，交易作价为人民币280亿元。本次交易 完成后，公司成为东数一号的参股股东，间接持有秦淮数据中国参股股权。 ...

东阳光公告，公司与关联方深圳市东阳光实业发展有限公司拟共同增资宜昌东数一号投资有限责任公 司，增资金额分别为35亿元、40亿元。同时，东数一号通过全资孙公司宜昌东数三号投资有限责任公司 拟收购秦淮数据中国区业务经营主体100%股权，交易作价为人民币280亿元。本次交易完成后，公司成 为东数一号的参股股东，间接持有秦淮数据中国参股股权。 ...

Core Insights - The 2025 Fortune China Top 50 Technology Companies list has been released, with Beijing companies occupying 10 spots, leading the nation in representation [1] - The list evaluates technology companies rooted in China with global influence across multiple dimensions, including technological innovation, market performance, and commercial viability [1] Company Highlights - The companies from Beijing on the list include ByteDance, BOE Technology Group, Leyard, China Seed Group, Lenovo Group, DPU Technology, Qinhuai Data, Zhongguancun Science and Technology Finance, Bosc Quantum, and Digital China [1] - ByteDance is recognized for its powerful algorithms and data processing capabilities, while Lenovo is noted for its innovations in personal computers, smart devices, and data center solutions [1] - BOE Technology Group is a leading IoT innovation company providing smart terminal products and professional services for information interaction and the health industry [1] - Zhongguancun Science and Technology Finance's vertical large model has served over 2,000 leading industry enterprises, including 50% of China's top 100 banks and 70% of provincial and municipal public security agencies [1] Industry Position - The report indicates that industry leaders are emerging in cutting-edge fields such as artificial intelligence, the internet, smart manufacturing, and biomedicine, highlighting Beijing's core position in the national technology industry landscape [1] - According to the "China Urban Science and Technology Innovation Development Report (2025)," Beijing, Shanghai, and Shenzhen lead the 2024 China Urban Science and Technology Innovation Development Index ranking, with Beijing maintaining its top position for several consecutive years [2]

Core Insights - The 2025 Fortune China Tech 50 list was released, with Beijing companies occupying 10 spots, ranking first among all cities [1] - The list focuses on technology companies rooted in China with global influence, evaluated on multiple dimensions including technological innovation, market performance, and commercial viability [1] - Leading companies in cutting-edge fields such as artificial intelligence, internet, smart manufacturing, and biomedicine are emerging from Beijing, highlighting the city's core position in the national tech industry landscape [1] Company Highlights - The Beijing companies on the list include China Seed Group, Lenovo Group, BOE Technology Group, ByteDance, DPU Technology, Leyard, Qinhuai Data, Zhongguancun KJ, Bosc Quantum, and Digital China [1] - ByteDance is recognized for its powerful algorithms and data processing capabilities, while Lenovo is noted for its innovations in personal computers, smart devices, and data center solutions [1] - BOE Technology Group is a leading IoT innovation company providing smart interface products and professional services for information interaction and human health [1] Industry Performance - Zhongguancun KJ, representing Beijing's innovative enterprises, has provided services to over 2,000 leading industry companies, including 50% of China's top 100 banks and 70% of provincial and municipal public security agencies [2] - According to IDC's report on the Chinese intelligent customer service market share (2024), Zhongguancun KJ ranks fourth in the intelligent customer service sector and first among vertical model vendors [2] - Beijing, Shanghai, and Shenzhen lead the 2024 Chinese city technology innovation development index, with Beijing maintaining its top position for several consecutive years [2]

Core Viewpoint - Datong City is leveraging its geographical, climatic, and energy advantages to develop its computing power industry, aiming to transform from a resource-based economy to a data-driven economy, with significant investments and strategic planning in place to support this transition [6][8][11]. Group 1: Industry Development - Datong has been recognized as one of the seven national-level data labeling bases, ranking third in the country for urban computing power index, highlighting its growing significance in the AI industry [6]. - The city has established a comprehensive computing power ecosystem, covering hardware manufacturing, data center construction, cloud services, and data applications, creating a closed-loop system [11]. - Since the establishment of the Qinhuai Energy Information Technology Industrial Base in 2018, Datong has attracted major projects, with total investments in computing power centers exceeding 28.2 billion yuan, and over 736,000 servers operational [11][13]. Group 2: Infrastructure and Technological Innovation - Datong's computing power industry is supported by advanced infrastructure, including two high-end server production lines with an annual capacity exceeding 100,000 units, and a national-level data labeling base leading the way in data services [13]. - The city has been recognized for its green computing initiatives, with innovations such as "waterless cooling" technology that reduces energy consumption significantly [11][14]. - Datong's computing power centers are designed to utilize renewable energy, with over 56% of its total power capacity coming from renewable sources, aiming for over 60% by 2027 [18]. Group 3: Strategic Planning and Future Outlook - The local government has implemented a three-year action plan for data industry development, focusing on integrating computing power with data and industry applications to enhance economic growth [21][22]. - Datong aims to create a multi-layered computing power supply system and explore cross-regional computing power scheduling, contributing to the national integrated computing power network [22]. - The city is committed to fostering a collaborative ecosystem involving government, academia, and industry to cultivate data talent, with plans to train at least 3,000 data professionals annually [15].

Financial Data and Key Metrics Changes - Revenue for Q2 2023 was RMB1,553.8 million, representing a 49.7% year-over-year growth [7][21] - Adjusted EBITDA grew by 49.9% year-over-year to RMB816.1 million, with an adjusted EBITDA margin of 52.5% [7][25] - Net income increased by 9.8% year-over-year to RMB219.2 million, with a net margin of 14.1% [7][23] - Total cost of revenue increased by 51.3% to RMB911.2 million, driven by higher utility costs and depreciation [21] - Operating income increased by 43.5% to RMB445 million, with an operating income margin of 28.6% [22] Business Line Data and Key Metrics Changes - Total client demand increased by 34 megawatts in Q2, bringing total contracted and IOI capacity to 850 megawatts [7][11] - Utilized capacity increased by 48 megawatts, reaching a total of 585 megawatts with a utilization rate of 80% [7][15] - Two new projects were put under construction, increasing total capacity by 47 megawatts to 945 megawatts [6][10] Market Data and Key Metrics Changes - The Southeast Asia market was highlighted as a key driver of demand, with significant contributions from existing clients [6][12] - The commitment ratio for total capacity was 90% at the end of Q2, compared to 91% in the previous quarter [14] - Overseas business contributed to 14% of total utilized capacity, up from around 9% in the previous quarter [21] Company Strategy and Development Direction - The company is focusing on building partnerships and investing in research and development to prepare for the AIGC era [6][13] - A strategic cooperation agreement was signed with Zhangjiakou Construction & Investment Group to enhance local digital economy [19] - The company aims to achieve a 30% share of overseas business in its overall portfolio by the end of 2025 [50] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about opportunities in the Southeast Asia market and is closely monitoring market conditions in China [12][13] - The company reiterated its full-year guidance for revenue and adjusted EBITDA, reflecting confidence in business momentum [7][25] - Management emphasized the importance of maintaining a healthy financial profile and continued investment in technology [13][19] Other Important Information - The company reported a total cash position of RMB5,915.3 million and a net debt position of RMB5,569.3 million [26] - The company’s assets return improved, with a pre-tax ROIC rising to 19.3% [27] - The company released its 2022 ESG Report, highlighting its commitment to energy efficiency and sustainability [17] Q&A Session Summary Question: Customer acceptance of cooling technology for AIGC - Management indicated that customers are willing to accept diversified cooling solutions due to varying geographical conditions and the increasing requirements for AIGC [29][30] - There is expected to be a marginal improvement in ROIC due to energy savings from these technologies [32] Question: Key driver of CapEx for 2023 - Management clarified that the estimated CapEx for 2023 is now expected to be in the range of RMB7 billion to RMB9 billion, driven by new pipeline projects [33][35] Question: AI-related demand and new clients - AI-related servers are estimated to account for around 5% of current overall capacity, with expectations for this portion to increase [41] - The company plans to focus solely on collocation services and not provide computing power directly [43] Question: Competition dynamics in Southeast Asia - Management acknowledged open field competition in Southeast Asia and expressed confidence in gaining a larger market share due to operational efficiency and delivery capabilities [46][48] - The goal is to achieve over 50% wallet share from the anchor customer in the Southeast Asia market [50]