Precise(SZ:300442) Zhong Zheng Wang·2025-08-30 04:33Core Viewpoint - Runze Technology (300442) reported a revenue of 2.496 billion yuan for the first half of 2025, marking a year-on-year growth of 15.31%, with a net profit attributable to shareholders of 882 million yuan [1] Group 1: Business Overview - The company's main businesses include IDC (Internet Data Center) and AIDC (Artificial Intelligence Data Center) services [1] - In the IDC sector, Runze collaborates with telecom operators to provide hosting and management services to major clients in the internet and cloud sectors [1] - The AIDC business focuses on building a comprehensive ecosystem for AI training and applications, transitioning from customer acquisition to high-quality operations, emphasizing stable profitability and long-term partnerships [1] Group 2: Delivery and Operations - The company has efficiently completed the delivery of new data centers, adding approximately 220 MW of capacity in the first half of 2025, with a total of 18 data centers delivered by June 30, 2025 [2] - Runze successfully delivered a new generation of AI data centers in the Yangtze River Delta, featuring high-density computing clusters and advanced cooling systems, achieving record deployment speeds [2] - The company has expanded its liquid cooling solutions, which are now essential for high-power computing, and has implemented self-developed cooling technologies across multiple new data center projects [2] Group 3: Market Position and Future Outlook - On August 8, 2023, Runze's data center REIT was officially listed on the Shenzhen Stock Exchange, enhancing the company's asset management and capital structure [3] - The REIT listing represents an innovative practice in the company's strategy of combining heavy asset infrastructure with light asset operational services [3] - Runze aims to leverage its expertise in the intelligent computing sector to explore market potential and strengthen its leading position in the industry [3]