SHCD(SH:603887) Zheng Quan Shi Bao Wang·2026-01-07 12:49Core Viewpoint - The company announced a significant change in the business conditions of the B04-B05 data center project, resulting in a reduction of expected revenue by approximately 1.09 billion yuan, while also decreasing future capital investment and operational risks [1][2]. Group 1: Project Changes - The B04-B05 data center buildings will now be constructed by China Mobile, and the company will no longer fulfill its contractual obligations for these buildings, leading to a revenue decrease of about 1.09 billion yuan [1]. - The company has completed the delivery of the B01-B03 buildings, meeting a total IT resource service demand of 84MW, generating revenue of 102 million yuan since delivery, with an expected additional revenue of approximately 2.01 billion yuan over the next ten years [2]. Group 2: Strategic Transition - The company has successfully transitioned from traditional infrastructure to new infrastructure, focusing on IDC/AIDC-related businesses, and has been delivering projects on time, including several significant data center projects [3]. - The company anticipates achieving a revenue of 1.714 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 106.96%, and has turned a profit with a net income of 2.853 million yuan [3].