SW-TECH(SZ:300113)2025-11-03 10:36Group 1: Business Performance and Revenue - The company reported a significant decrease in revenue for Q3 2025, primarily due to the optimization of its business structure, which involved reducing low-margin internet value-added services [66][54]. - As of Q3 2025, the company has established over 300 edge data centers, covering nearly 200 key cities, and providing operational computing power of 50,000 routes, marking a successful phase in cloud business infrastructure [15][23][49]. - The company aims to accelerate the construction of data centers and the cloudification of esports venues, expecting significant revenue growth from its cloud business as the scale of nodes and computing power expands [7][17][49]. Group 2: Cloud Business Development - The cloud business is transitioning into a new phase of deepening business models and accelerating scale construction, with a focus on integrating online and offline platforms [7][17][49]. - The company emphasizes its core advantage in "location-based computing power node innovation," which enhances coverage and optimizes scheduling capabilities [15][41]. - The cloud business is expected to significantly increase revenue as the scale of operations deepens and expands [7][17][49]. Group 3: Investor Relations and Market Response - Despite good business performance, the company's stock price has seen a significant decline, attributed to various factors including market conditions and investor expectations [11][63][64]. - The company is committed to enhancing investor confidence through stable operations, governance, and transparent information disclosure [8][30][52]. - The company is actively seeking opportunities for mergers and acquisitions to expand its business and enhance its market position [24][39][40]. Group 4: Future Outlook and Strategic Plans - The company plans to continue investing in computing power and artificial intelligence, with a focus on strategic development and risk control [8][12][39]. - The esports and gaming sectors are expected to see stable growth, with new projects being explored and developed [17][26][27]. - The company is exploring partnerships in AI and healthcare, particularly in the context of smart medical applications [40][41].