Wangsu Science & Technology (SZ:300017)2025-12-05 08:12Group 1: Company Overview and Operations - The company has over 20 years of experience in the CDN business, with more than 2,800 CDN nodes globally [2] - The company is transforming its CDN nodes into edge computing nodes that support storage, computing, transmission, and security functions [2] - The company has established an edge computing platform (ECP) and launched multiple edge computing products [2] Group 2: Research and Development - In 2024, the company's R&D investment is projected to be 447 million CNY, accounting for 9.07% of its revenue [3] - Future R&D efforts will focus on core businesses, particularly CDN, edge computing, and security [3] Group 3: Market Expansion and Strategy - The company is expanding its CDN and security products internationally, targeting industries such as live streaming, e-commerce, and gaming [3] - A subsidiary was established in Dubai to enhance business expansion in the Middle East, aligned with the Belt and Road Initiative [3] Group 4: AI and Technological Development - The company is focusing on edge computing as a critical infrastructure for AI, developing an edge AI platform with a four-layer capability matrix [3] - The company is closely monitoring developments in large models, intelligent agents, and AI applications to adapt its technology solutions to customer needs [3] Group 5: Management and Governance - The management's stock reduction in May was due to personal financial needs, with subsequent plans not implemented and progress disclosed [3]