Sharetronic(SZ:300857) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-22 10:52Core Viewpoint - The company, Xiechuang Data, plans to purchase servers worth up to 4 billion RMB to enhance its cloud computing services, marking a significant investment in the AI computing sector [2][4]. Group 1: Company Developments - Xiechuang Data announced a procurement contract for servers totaling up to 4 billion RMB, primarily aimed at providing cloud computing services [2]. - The company has disclosed a cumulative investment of up to 8.2 billion RMB in high-performance servers by August 2025, expanding its operations in key regions including China, the US West, Europe, and Asia-Pacific [2]. - In the first half of 2025, Xiechuang Data reported revenue of 1.221 billion RMB from its intelligent computing products and services, with a gross margin of 20.06% [2][7]. Group 2: Financial Performance - Xiechuang Data's revenue for the first half of 2025 reached 4.944 billion RMB, reflecting a year-on-year growth of 38.18%, while net profit attributable to shareholders was 432 million RMB, up 20.76% [5]. - The company's market capitalization has surged over 104% this year, reaching 54 billion RMB, with a historical high of 181.99 RMB per share noted on September 30 [5][9]. Group 3: Market Context - The global AI server market is experiencing unprecedented demand, with projections indicating a market size of 38.3 billion USD in 2023, expected to grow at a compound annual growth rate of over 18% to reach 177.4 billion USD by 2032 [6]. - The Chinese accelerated computing server market is projected to reach 22.1 billion USD in 2024, showing a remarkable year-on-year growth of 134% [6]. - Xiechuang Data is strategically positioned in the high-value segment of AI computing rental services, with its intelligent computing products and services generating significant revenue [7]. Group 4: Strategic Partnerships and Supply Chain - Xiechuang Data's subsidiary, Ojia Software, has obtained NVIDIA Cloud Partner certification, enhancing its capabilities in AI computing and cloud services [4]. - The company plans to secure additional credit lines totaling up to 40 billion RMB to finance its server purchases, indicating a proactive approach to funding its expansion [4][8].