IDC(Internet Data Center)服务

Search documents
利息超净利润,定增17亿建机柜,奥飞数据称暂不考虑REITs
2 1 Shi Ji Jing Ji Bao Dao· 2025-07-08 11:40
Group 1 - The core point of the article is that Aofei Data (300738.SZ) has received approval from the Shenzhen Stock Exchange for a targeted issuance of no more than 1.75 billion yuan to fund its new cloud computing and artificial intelligence industrial park project [1] - The project aims to build five new data center buildings with a total of 8,925 cabinets, and the expected internal rate of return is 11.49% with a payback period of 7.4 years after tax [2][4] - Aofei Data's main clients include well-known internet companies such as Baidu, Kuaishou, and Kingsoft Cloud, which provides a solid customer base for future business development [2] Group 2 - The data center industry is characterized by high investment and long returns, and recent approvals for data center REITs in China indicate a new financing solution for the industry [1][6] - Aofei Data's current financial situation shows a significant reliance on external financing, with short-term interest-bearing liabilities of 2.697 billion yuan and cash equivalents of only 554 million yuan, indicating high short-term repayment pressure [4] - The company is exploring new financing methods, including Pre-REITs funds, to address its capital needs, although it currently has no plans to issue REITs [1][6] Group 3 - The Hebei provincial government has set ambitious targets for data center development, aiming for 1.65 million standard cabinets by 2025 and a core industry added value of 330 billion yuan by 2027 [3] - Aofei Data is also involved in establishing an industrial investment fund to support its subsidiary Aorong Technology, which operates a large data center in Nansha, Guangzhou [9] - The establishment of Pre-REITs funds is seen as a potential pathway for Aofei Data to secure equity funding before transitioning to public REITs once assets mature [8][6]