YSDZ(SZ:002289) Xin Hua Cai Jing·2025-11-18 02:57Core Viewpoint - *ST Yushun is expanding its presence in the IDC industry through strategic acquisitions, including the recent purchase of a 6% stake in Hebei Aihua Data Technology Co., Ltd. from its controlling shareholder, Shanghai Fengwang Industrial Co., Ltd. This move aims to strengthen its strategic layout in the IDC and intelligent computing sectors, particularly in the Beijing-Tianjin-Hebei region [2][6]. Group 1: Acquisition Details - The company plans to invest 3 million yuan to acquire a 6% stake in Aihua Data, which is currently in the project preparation stage for an intelligent computing center in Zhangjiakou, Hebei [2][3]. - Aihua Data's intelligent computing center project has a total investment of 3 billion yuan and a construction area of approximately 122,000 square meters, with a production capacity of about 12,000 8kW cabinets and 180,000 servers [3][4]. Group 2: Market Context - The global demand for data center cabinets is projected to grow from 2.099 million units in 2018 to 4.842 million units by 2024, with the market size increasing from $1.182 billion to $2.816 billion during the same period [4][5]. - In China, the data center cabinet market is expected to grow from 2.022 billion yuan to 4.907 billion yuan from 2018 to 2024, with a CAGR of 15.9% [5]. Group 3: Strategic Implications - The acquisition of Aihua Data is seen as a proactive step for *ST Yushun to secure a foothold in high-quality projects at a lower cost, enhancing its competitive edge in the IDC sector [5][6]. - The company is also in the process of acquiring the Zhong'en Cloud data center project for 3.35 billion yuan, which will further solidify its position in the data center infrastructure service market [6][7]. - The completion of these acquisitions is expected to contribute significantly to the company's revenue, with projections indicating an increase of at least 100 million yuan in revenue and approximately 22 million yuan in net profit [7].