Core Viewpoint - The recent financial performance of the company shows a positive trend, with significant revenue growth and strategic initiatives to enhance liquidity and support future expansion in AI-related infrastructure [1] Financial Performance - The company reported a net income of 2.8871 billion RMB for the third quarter, representing a year-on-year growth of 10.2% [1] - The net profit for the quarter was 728.6 million RMB, with a net profit margin of 25.2% [1] Strategic Initiatives - The company successfully issued the first public REITs for data centers in the country, generating approximately 2.248 billion RMB in net cash proceeds, which effectively bolstered its liquidity [1] - The additional funds are aimed at supporting business expansion, technology research and development, and the construction of AI-related infrastructure [1] Market Outlook - Bank of America Securities noted that the decline in data center construction costs is expected to maintain resilient internal rates of return for new projects, driven by strong AI demand projected to boost orders significantly by 2026 [1] - JPMorgan anticipates an acceleration in orders in the second half of 2026, primarily due to improved supply of domestic AI chips, with about 65% of new orders in 2025 expected to be AI-related, potentially leading to double-digit revenue growth in 2027 [1] - The company's international business and core customer commitments for electricity consumption remain robust [1]
港股异动 | 万国数据-SW(09698)再涨近4% 国产AI芯片供应改善 小摩预计明年下半年...