China Bester (SH:603220)2026-02-27 02:10Summary of Conference Call Notes Company Overview - Company: 中贝通信 (Zhongbei Communication) - Industry: Telecommunications and Computing Power Rental Key Points Computing Power Rental - The company currently has 20,000 PetaFLOPS (P) of computing power under management and has established 9 major computing power clusters. These clusters serve key clients such as Jieyue Star, Kingsoft Cloud, and local supercomputing centers. The rapid growth in token demand is expected to benefit the company as Jieyue Star goes public [1][1][1] New Infrastructure Expansion - The company is expanding its fiber-to-the-home and long-distance trunk line services into overseas markets, including Southeast Asia, South Africa, and Saudi Arabia. The domestic market share among operators is stable and has potential for improvement, indicating a possible rebound [1][1][1] New Energy Initiatives - The company has completed the qualification process to become a supplier for BYD and has collaborated with White Rhino and Xinyuan Automotive on autonomous vehicle projects. There is also potential for increased applications in the autonomous driving sector [1][2][2] Unexplored Potential in Space Computing and 6G Satellite Progress - There are two significant areas of untapped potential: 1. The company's subsidiary, Zhongbei Optoelectronics, is a leading supplier of optical couplers and is supplying key components for high-speed optical modules (800G/1.6T) to major global optical module manufacturers [3][3][3] 2. The company is focusing on space computing and satellite semantic communication, with recent visits from industry experts to discuss collaboration on 6G technology and satellite internet development [4][5][5] Risk Factors - There are risks associated with the development of the 6G satellite internet not meeting expectations, which could impact the company's business growth [5][5][5]