公告称，目标资产需运作专用仓库设施以存放计算设备、管理庞大电力负载，并维护精密的温控系统。 该等因素亦是集团现行冷冻仓库业务的关键所在。因此，董事会认为潜在收购事项代表集团在管理高能 耗工业基础设施领域核心专长的战略性延伸。通过潜在收购事项，集团计划转型为多元化高端仓储基础 设施营运商，为各类资产提供精密、稳定且温控的环境。该"基础设施即服务"模式将突破集团现行食品 及饮料业务的限制，预期可透过空间租赁及电力管理费用产生稳定的经常性收入。 此外，美国土地及确保的电力产能的收购为集团提供多用途的工业房地产资产，未来可用于其他高需求 的计算领域(如AI数据中心)，从而提升集团业务及资产的长期韧性与价值。 大同集团(00544)公布，于2025年12月30日，公司订立一份不具法律约束力的意向书，据此，公司透过 一间直接或间接全资附属公司，预期将与一名第三方(合资伙伴)于美国特拉华州成立合资实体。合资企 业预计由公司的附属公司拥有60%权益，合资伙伴拥有40%权益;合资企业预计向两名卖方收购位于美国 的两处数据中心，该等资产现用于为客户的比特币挖矿提供服务。目标资产的总计产能为30兆瓦。潜在 收购事项的总代价预计为1 ...

Core Insights - The Ministry of Industry and Information Technology and the National Standardization Administration released the "Cloud Computing Comprehensive Standardization System Construction Guide (2025 Edition)" to provide systematic guidance for the construction of a cloud computing standardization system [1] Group 1: Goals and Framework - The guide sets three core goals: to establish over 30 new national and industry standards for cloud computing by 2027, to have more than 1,000 enterprises promoting and implementing these standards, and to accelerate the supply of international standards in the cloud computing field [1] - The framework for the cloud computing standardization system includes six components: foundation, technology, service, application, management, and security [2] Group 2: Standardization Content - The construction content includes: - Foundation standards covering terminology, reference architecture, and talent cultivation - Technical standards focusing on foundational support, platforms, interaction, and deployment - Service standards for various cloud services such as Infrastructure as a Service (IaaS) and Software as a Service (SaaS) - Application standards for cloud technology applications and industry-specific applications - Management standards for the entire lifecycle of cloud solutions and services - Security standards addressing network, data, information, system, service, and application security [3][4] Group 3: Industry Development and Trends - The cloud computing industry in China has formed a large market scale, with new technologies like cloud-native and intelligent computing emerging rapidly, leading to vibrant industry development [3] - The standardization initiative is expected to enhance interoperability and compatibility among cloud services, reducing costs and risks for enterprises migrating between different cloud service providers [4] - The cloud computing market is projected to exceed 2.1 trillion yuan by 2027, driven by innovations in AI and large-scale applications [4] Group 4: Market Dynamics - The cloud computing market is transitioning to a stable development phase, with user demand shifting from basic resources to industry empowerment and value realization [5] - Cloud service providers are encouraged to focus on ecosystem development by collaborating with various types of service providers to create a healthy cloud ecosystem [5]

Financial Data and Key Metrics Changes - In Q1 2025, net revenue was $2.1 billion, a decrease of 12% driven by a 13% decline in product revenue, primarily due to on-prem software related to a large deal in Q1 2024 [21] - Gross profit decreased by 8% due to partner program changes and a decline in on-prem software and agent services [22] - Adjusted diluted earnings per share were $2.6, down 13%, primarily due to lower gross profit [25] - Adjusted EBITDA was $111 million, a decrease of 16%, with a margin contraction of 30 basis points to 5.3% [25] - The adjusted return on invested capital for the trailing twelve months was 14.9%, down from 18% a year ago [26] Business Line Data and Key Metrics Changes - Hardware revenue increased by 1%, marking the first increase in ten quarters, with good performance in servers and storage [21][22] - Cloud gross profit was $103 million, a decrease of 3%, attributed to declines in legacy Microsoft enterprise agreements and a pivot to the mid-market [23] - Insight Core Services revenue decreased by 2%, with gross profit down 4% due to delays in services projects from large enterprise clients [22][24] Market Data and Key Metrics Changes - The macro environment outlook has deteriorated, leading to increased volatility and uncertainty, impacting large enterprise clients' spending [7][18] - AI spending remains a priority for firms, with budget reallocations from other segments to invest in AI [19] Company Strategy and Development Direction - The company aims to accelerate profitable growth by enhancing consulting business engagement models and leveraging GenAI technologies [9][10] - Focus on driving attached services to hardware sales and expanding programs with distribution partners to improve supply availability [9] - The strategy is to become a leading solutions integrator, investing in areas like cloud, data, AI, edge, and cyber [31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about hardware spending and AI interest, despite the uncertain macro environment [36][38] - The company anticipates that the second half of the year will be stronger than the first, with expectations for improved services spending aligned with hardware sales [18][19] - Management is prepared for potential downturns with plans for cost management and operational efficiency improvements [72] Other Important Information - The company has been recognized for its diversity and workplace environment, receiving accolades such as America's Greatest Workplaces for Diversity for 2025 [17] - The company continues to focus on corporate citizenship and sustainability, as highlighted in its annual corporate citizenship report [18] Q&A Session Summary Question: What is driving the confidence in the guidance despite a tougher macro backdrop? - Management noted good momentum in hardware spend and AI interest, along with effective navigation of partner program changes [36][38] Question: Are there any demand pull-ins from customers in hardware? - Minimal pull-ins were observed in response to tariff threats, primarily related to devices, with a general movement towards leveraging AI technologies [44] Question: What are the expectations regarding vendor OEM pricing in light of tariffs? - Pricing responses vary by OEM, with some increasing prices, but generally, the pricing motion has been subdued [52][54] Question: What is the outlook for services spending through the year? - Services spending is expected to improve in the back half of the year, aligning with improved product sales [73]