Core Viewpoint - Company is expanding its business into edge computing by signing a contract with China Broadcasting Sichuan Network Co., Ltd. to provide network technology services, indicating a strategic move to diversify and enhance its service offerings in response to market demands [1][9]. New Business Overview - The new edge computing business utilizes distributed computing, cloud-edge collaboration, and real-time data processing to support various scenarios such as 5G internet, offering low latency, high bandwidth, and flexible deployment [2][5]. - The edge computing market is rapidly developing, driven by technological innovation, industry demand, and policy support, with a significant shift from traditional cloud computing to edge solutions due to increasing data volumes [2][3]. Market Growth Potential - The global edge computing market is projected to grow from $60 billion in 2023 to $110.6 billion by 2029, with a compound annual growth rate (CAGR) of 13% [3]. - In China, the edge cloud market is expected to reach 6.26 billion yuan in the second half of 2023, reflecting a robust growth trend [3][4]. Business Strategy and Implementation - Company plans to leverage partnerships with telecom operators and develop proprietary edge algorithms and smart devices to create a service supply system [5][6]. - The company has obtained the necessary licenses to operate in the edge computing sector, ensuring compliance with regulatory requirements [5][6]. Rationale for New Business - The shift towards digitalization and the rise of 5G, IoT, and AI applications necessitate the adoption of edge computing to address real-time processing and local handling needs [6][7]. - The company aims to enhance its business structure and optimize its industry layout by integrating edge computing with existing resources and expertise [6][7]. Financial and Operational Aspects - The contract signed with China Broadcasting Sichuan Network is valued at 10.92 million yuan, indicating a solid initial revenue stream for the new business [9][10]. - The company will fund the new business through its own and self-raised funds, ensuring that the financial impact on short-term cash flow remains manageable [11][12]. Risk Management and Future Outlook - The company acknowledges potential risks related to market fluctuations, technological updates, and competition, and has established measures to mitigate these risks [10][11]. - Continuous monitoring of industry trends and proactive adaptation to market needs are essential for the successful implementation of the new business [11][12].
八亿时空: 八亿时空关于开展新业务的公告