Quan Jing Wang·2026-01-28 06:12Core Viewpoint - Aofei Data (300738) has decided to terminate its plan to issue A-shares to specific investors for the year 2025, which was originally intended to raise 1.695 billion yuan [1][2] Group 1: Termination of Fundraising - The termination of the fundraising plan was based on the company's actual business development, future strategic planning, and project progress after careful consideration and communication with relevant parties [2] - The company emphasized that this decision will not have a significant impact on its business operations or harm the interests of shareholders, especially minority shareholders [2] Group 2: Management Changes - On the same day, Aofei Data announced the resignation of its former general manager, Huang Zhanpeng, due to personal family reasons, and he will no longer hold any position in the company [1] Group 3: Financial Performance - Despite the termination of the fundraising, Aofei Data reported strong financial performance for the first three quarters of 2025, with revenue reaching 1.824 billion yuan, a year-on-year increase of 15.33%, and a net profit attributable to shareholders of 145 million yuan, up 37.29% [4] - The company's EBITDA was 827 million yuan, reflecting a 38.77% increase, and the gross profit margin improved significantly by 5.29 percentage points to 34.99% compared to the same period in 2024 [4] Group 4: IDC Business Growth - The IDC services, as the core revenue source, generated approximately 1.387 billion yuan, a year-on-year increase of 42.22%, mainly benefiting from improved data center deployment rates and energy management optimization [5] - As of the end of September 2025, the total number of operational cabinets exceeded 57,000, representing a 33% increase compared to the end of 2024 [5] Group 5: Financial Structure - Aofei Data has raised a total of 2.637 billion yuan through direct financing since its listing eight years ago, with cumulative cash dividends amounting to only 113 million yuan [4] - The company's asset-liability ratio was high at 75.83% as of the end of the third quarter of 2025, leading to an increase in financial expenses [6]