China Bester (SH:603220) 2 1 Shi Ji Jing Ji Bao Dao·2025-07-30 04:13Core Viewpoint - Zhongbei Communication has responded to the Shanghai Stock Exchange regarding its 1.922 billion yuan fundraising plan, highlighting concerns over equipment procurement prices and gross margin fluctuations in its two major investment projects [1] Group 1: Fundraising Plan - The company plans to invest 1.1 billion yuan, accounting for 57.34% of the total, in the construction of an intelligent computing center [1] - The inquiry from the exchange focused on whether the company has established a supplier locking mechanism, which was not clearly addressed in the response [1] Group 2: Equipment Procurement - The procurement price range for AI servers is reported to be between 200,000 to 2.3 million yuan per unit, indicating significant price variability due to performance grading [1] - The company stated that equipment prices are based on historical procurement prices and market levels [1] Group 3: Business Performance - The intelligent computing business is experiencing explosive growth, with projected revenue of 269 million yuan in 2024 and a year-on-year increase of 972% in the first quarter of 2025 [1] - The company has 3.5 billion yuan in hand orders, but gross margin is expected to decline from 45.83% in 2023 to 36.88% in the first quarter of 2025, attributed to cost mismatches during the debugging phase of the new client, Kingsoft Cloud [1]