BONC(SZ:300166) Zhong Guo Zheng Quan Bao·2025-09-22 00:45Core Viewpoint - The company is currently experiencing a transitional phase in its performance, with healthy cash flow supporting business development despite short-term pressures on earnings [1][2] Group 1: Company Strategy and Focus - The company is focusing on building core capabilities in big data, artificial intelligence, and cloud computing, leveraging generative technology to enhance existing data warehouse efficiency [1][2] - The strategic framework integrates "cloud services + AI + data," utilizing nearly 40,000 GPU resources and an AutoDL platform to create a comprehensive service system from data processing to industry applications [2][3] Group 2: Business Performance and Growth - Traditional core business is stabilizing, with new opportunities arising, particularly in the telecommunications sector where the company is positioned to benefit from the IT system centralization of major operators [2][3] - New business segments are entering a harvest phase, with the Inner Mongolia data center already generating revenue and additional facilities expected to come online, contributing significantly to income [3][4] Group 3: Operational Efficiency and Cost Management - The company has been optimizing internal management and improving operational efficiency, with historical burdens gradually diminishing, setting a solid foundation for profit recovery [3][4] - Future plans include deepening collaboration with the subsidiary, expanding market share in operator IT centralization, and ensuring the effective construction and operation of data centers [4]