成功上市！全国首批

Core Viewpoint - The successful listing of the first domestic data center REITs marks a significant expansion of the REITs asset range in China, supporting the development of the digital economy and new infrastructure [1] Group 1: Market Performance - On the first day of trading, Southern Universal Data Center REIT and Southern Runze Technology Data Center REIT had 800 million and 1 billion fund shares respectively, with initial prices of 3.0 CNY and 4.5 CNY per share, raising a total of 2.4 billion CNY and 4.5 billion CNY [2] - Both products experienced a stable operation on their debut, with each rising by 30% compared to the issue price [2] - Prior to the public offering, Southern Runze Technology REIT attracted approximately 289.63 billion CNY in subscriptions, while Southern Universal Data Center REIT attracted about 183.54 billion CNY [2] Group 2: Investor Participation - Southern Runze Technology REIT confirmed that 76 strategic investors fully subscribed to their committed fund shares, accounting for 70% of the total fund shares offered [2] - For Southern Universal Data Center REIT, 54 strategic investors also fully subscribed, representing 70% of the total fund shares [3] Group 3: Asset Quality and Utilization - The underlying asset of Southern Universal Data Center REIT is the Guojin Data Cloud Computing Data Center project in Jiangsu Kunshan, which has maintained a 100% signing rate and over 92% billing rate for the past three years, with a projected annual cash flow distribution rate of 5.07% by 2025 [4] - Southern Runze Technology Data Center REIT's underlying asset is the Runze (Langfang) International Information Port A-18 Data Center, which is included in the 2023 National Green Data Center list and has a total power capacity exceeding 42 MW [5] Group 4: Market Expansion and Future Outlook - As of August 8, there are 49 REITs listed on the Shanghai Stock Exchange, with a variety of asset types including consumption facilities, hydropower, and data centers, indicating a positive scale and demonstration effect [6] - The Shenzhen Stock Exchange has also seen a continuous expansion of REIT asset types, covering nine categories of infrastructure, with a total fundraising scale of 639 billion CNY and a total market value of 751 billion CNY [6] - Future efforts will focus on normalizing REITs issuance, improving operational standards, and expanding the types of underlying assets to better serve national strategies and economic development [7]