中贝通信20240626

Summary of Conference Call Records Company Overview - Zhongbei Communication focuses on 5G new infrastructure, smart cities, and cloud computing services, providing computing storage, cloud service solutions, and optoelectronic products. The company has established three main business segments: new infrastructure, new computing power, and new energy, while actively expanding into international markets [2][4]. Key Financial Performance - In 2023, Zhongbei Communication achieved a revenue of 2.862 billion yuan, representing a year-on-year growth of 8.27%. The net profit attributable to shareholders was 144 million yuan, up 32.2%, and the net profit after deducting non-recurring items was 139 million yuan, increasing by 36.74%. The net operating cash flow was 142 million yuan, a significant increase of 179.39% [3][9]. - As of Q1 2024, the company reported a revenue of 729 million yuan, a year-on-year increase of 30.55%, and a net profit of 46.45 million yuan, up 103.25% [3][9]. Business Achievements - In 2023, the company secured approximately 2.4 billion yuan in new contracts from domestic operators, including projects from Shanxi Telecom, Jiangsu Telecom, and Inner Mongolia Unicom. It was recognized as a Class A supplier for comprehensive maintenance services in a national tender by China Mobile [5]. - In the international market, Zhongbei Communication won total contracting projects in Saudi Arabia, South Africa, and the Philippines, amounting to over 900 million yuan [5]. New Computing Power Developments - The company has actively developed its computing power business, forming a professional technical team and strengthening partnerships with suppliers like Inspur and H3C. It has also established strategic collaborations with Hanjiang Group and Qinghai Unicom [6]. - By the end of 2023, Zhongbei Communication invested 100 million yuan in three platforms for heterogeneous scheduling and cluster monitoring [6]. New Energy Investments - In 2023, Zhongbei Communication invested in Zhejiang Storage Energy Company, enhancing its technical capabilities in the new energy sector. The company collaborated with Jianghuai Automobile and Ankai Automobile on R&D, completing the development and testing of over 20 types of new energy battery packs [7]. - The company sold 27,600 sets of two-wheeled electric vehicle batteries and a 10 MW energy storage battery system, and signed a contract for a 13 MW commercial energy storage project in Zhejiang Province [7]. Future Development Plans - Zhongbei Communication aims to solidify its domestic operator and large enterprise client base while supporting international market growth. In the new computing power sector, it plans to implement a dual ten-thousand server strategy to integrate the upstream and downstream supply chain [8]. - The company will focus on developing energy storage systems and achieving its goals in the R&D and manufacturing of new energy vehicle batteries, targeting to reach or exceed the scale of its 5G new infrastructure business by the end of the 14th Five-Year Plan [8]. Shareholder Returns - Zhongbei Communication emphasizes sharing the results of industrial development with shareholders through active cash dividends. According to the profit distribution plan from 2013, the company will distribute 1 yuan in cash dividends for every 10 shares and convert 3 shares from capital reserves for every 10 shares, totaling approximately 50.28 million yuan in cash dividends and about 100 million yuan in share conversions [10].