美利云田生文：在沙漠边缘铸绿色算力高地

Core Viewpoint - Meili Cloud is transforming from traditional paper manufacturing to a focus on green data centers and renewable energy, aligning with national goals for digital infrastructure and carbon neutrality [2][6]. Group 1: Business Transformation - The company has shut down its traditional paper business, which previously accounted for 70% of its revenue, due to ongoing losses and has shifted to a dual-driven model of "green data centers + green electricity" [2][3]. - In 2024, Meili Cloud's data center revenue is projected to grow by 24.66% year-on-year, reaching 312 million yuan, with a significantly higher gross margin compared to the former paper business, validating the strategic shift [2][3]. Group 2: Infrastructure Development - Meili Cloud has established six data center buildings in Zhongwei City, with an overall utilization rate exceeding 94% for the delivered centers [3]. - The company emphasizes its green and low-carbon advantages, with an average annual temperature of 8.8°C in Zhongwei allowing for natural cooling, and a Power Usage Effectiveness (PUE) maintained around 1.2 [3]. Group 3: Technological Advancements - The company has developed a comprehensive capability system covering the entire lifecycle of data centers, with 37 related intellectual property rights, focusing on modular, standardized, and green design [5]. - Advanced cooling technologies, including indirect evaporative cooling and direct fresh air natural cooling, have been implemented, resulting in a 2.25% year-on-year reduction in core PUE metrics [5]. Group 4: Market Positioning and Strategy - Meili Cloud aims to deepen its focus on the green computing industry, driven by renewable energy, and is actively working on projects like the construction of a 110kV substation and an integrated energy storage project [6][8]. - The company is positioning itself to address the explosive growth in computing power demand by offering high-standard cabinet hosting, network access, and integrated operation services, while also facing competition from major telecom operators and third-party service providers [7][8]. Group 5: Ecosystem Development - The company plans to integrate ecological networks, green energy networks, and computing power networks to enhance service quality and customer loyalty, aiming to create a zero-carbon data center model [8]. - Collaboration with upstream equipment manufacturers and green energy companies, as well as partnerships with cloud service providers and network operators, is part of the strategy to build a symbiotic digital infrastructure ecosystem [8].