YSDZ(SZ:002289) Jing Ji Guan Cha Wang·2025-11-18 00:43Core Viewpoint - *ST Yushun is actively expanding its investment portfolio by acquiring a 6% stake in Hebei Aihua Data Technology Co., Ltd. for 3 million yuan, while simultaneously nearing the completion of a significant asset restructuring involving a 3.35 billion yuan acquisition of a data center [2][3][8]. Group 1: Investment Details - The acquisition of the 6% stake in Aihua Data does not require a temporary shareholders' meeting or other departmental approvals, only board approval, which has already been obtained [3]. - After the transaction, *ST Yushun will become the fifth largest shareholder of Aihua Data, marking a strategic move to expand its business in the intelligent computing sector [3][9]. - The overall investment in the Aihua Data project is projected to reach 3 billion yuan, comparable to the 3.35 billion yuan spent on the upcoming acquisition of the Zhong'en Cloud Data Center project [4][6]. Group 2: Project Scale and Strategic Importance - Aihua Data's main project, the UnionPay Cloud Intelligent Computing Center, is significantly larger than the Zhong'en Cloud project, with plans for 12,000 8KW cabinets and 180,000 servers [5][6]. - The project is located in Zhangjiakou, Hebei, which is strategically positioned within the Beijing-Tianjin-Hebei collaborative development area, benefiting from favorable climate conditions for energy-efficient cooling [6][7]. - The investment in Aihua Data is seen as a signal of *ST Yushun's commitment to the intelligent computing asset sector, with the project expected to commence operations sooner than anticipated due to its scale and strategic alignment with the company's development direction [8][9]. Group 3: Financial Aspects and Future Plans - The 6% stake in Aihua Data is valued at 5 million yuan, reflecting a low entry cost for *ST Yushun into a high-potential project [8]. - The company has indicated that it does not currently plan to increase its stake in Aihua Data but will evaluate future investments based on the project's progress and strategic alignment [9].