风华高科深入践行FAITH经营理念，围绕公司数字化战略，全面推进数字化变革，持续提升公司高 水平制造能力，助推企业实现高质量发展。 系统贯通筑底座，数据赋能提效能 风华高科搭建MES（制造执行系统）、ERP（企业资源计划系统）；规划布局WMS（仓库管理系 统）、WCS（仓库控制系统）。通过四大系统的结合，推动数据从"静态存储"转向"动态赋能"，实现各 环节效能显著提升。 搭建MES系统。实现生产管控智能升级。2025年全面上线的MES系统，推动生产环节达成"质效双 升"。如通过向关键设备自动下发工艺参数，实现设备自动运行；同时固化生产过程SOP（标准作业程 序），对关键设备实施在线管控，构建"质量智能管控闭环"，彻底杜绝人工漏检风险，使人工统计与管 控效率提升约20%。 搭建ERP平台。深化资源管理集约优化。ERP系统推行"集中销售与收款""集中采购与付款"模式， 实现资源高效调度。在BOM与工艺路线优化方面成效显著：BOM（物料清单）数量精简，效率提升9.7 倍；工艺路线优化，效率提升12.4倍。系统还实现了加严检验与周期检验的自动化，全面规范质量管控 流程，满足客户对产品质量的高标准要求。 规划布局WMS ...

Summary of Capital Online's Conference Call Company Overview - Capital Online is one of the early players in the global cloud-network integrated service sector in China, transitioning from IDC resale to cloud computing operations and now to AI-driven intelligent computing. Currently, the intelligent computing cloud business accounts for 13% of total revenue with a high gross margin, driving revenue growth [2][6][21]. Key Insights and Arguments - The core executive team has a strong background in cloud computing, telecommunications, and computing industries, positioning the company as a third-party neutral operator with unique advantages in customer competition and global deployment [2][8]. - By 2025, domestic demand for inference technology resources is expected to grow significantly, while the overseas market has entered a monetization phase. The cost advantage in the domestic market will accelerate growth, benefiting Capital Online [2][10]. - The scale of intelligent computing in China is projected to reach 103.73 billion Flops by 2025 and 278.39 billion Flops by 2028, with a compound annual growth rate of 39.94%. The demand for computing power in the AI era exceeds expectations, favoring infrastructure providers like Capital Online [2][13]. - The IDC industry supply-demand relationship is gradually improving due to tightened approvals and increased demand for cloud inference, which will enhance overall industry profitability [2][14]. Industry Dynamics - Capital Online's unique advantage lies in its global ITC and cloud technology resources, particularly in North America and Southeast Asia, which strengthens its position in serving top domestic AI clients [3][8]. - The company has undergone a transformation from IDC resale to cloud computing and now focuses on AI-driven intelligent computing, enhancing its competitive edge through the Max platform and heterogeneous computing services [4][15]. - The governance structure has been adjusted to respond to industry changes, including the establishment of various business units to better meet future AI demands [7]. Future Outlook - The company is strategically positioned to benefit from the rapid growth of AI demand, with a revenue structure where traditional computing accounts for 28%, intelligent computing cloud for 13%, and HC services for 55%. The high gross margin of intelligent computing cloud is expected to improve profitability as its share increases [6][21]. - By 2025, the domestic market is anticipated to reach a tipping point for large-scale deployment, while the overseas market will shift from training to application inference [6][10]. - The deep integration of software and hardware is crucial for optimizing costs and enhancing competitive advantages in the AI era [16][17]. Additional Considerations - The global expansion of AI applications is vital, with domestic models expected to accelerate their international presence, creating significant market opportunities for Capital Online [18]. - The company’s ability to build and operate IT facilities independently, along with low debt levels, enhances its responsiveness to rapid demand expansion [19]. - Capital Online is transitioning towards PaaS and MaaS to improve competitiveness, focusing on cost control as a core capability [20]. Conclusion - Capital Online is viewed as a key beneficiary in the upcoming AI wave due to its historical performance, strategic global positioning, and enhanced software and supply chain integration capabilities [21].