New East(603110)2024-04-23 08:45Business Performance and Market Share - Packaging ink business has maintained stable production and sales over the past three years, with a current market share of approximately 8-10% [4] - The company's first computing power leasing project, the Lu'an Intelligent Computing Center, has completed the deployment of 20 H-series GPU servers and related IB equipment, laying a solid foundation for future business expansion [4] - The Huaihai Intelligent Computing Center (NVIDIA, Cambricon) is already online and providing computing power services to customers [4] Strategic Development and Future Plans - In 2024, the company will continue to focus on its "dual-drive" strategy, deepening its main business while emphasizing the development of computing power business [5] - The company aims to create a replicable, scalable, and sustainable business model, seizing the historic opportunities presented by the rapid growth of the global AI and computing power industries [5] - The company does not rule out the possibility of external cooperation opportunities while actively expanding its own business [7] Legal and Financial Issues - The company's controlling shareholder, Xu Guangbin, has had 100% of his equity frozen and marked due to litigation issues [5] - The frozen and marked equity is a pre-litigation preservation measure and does not affect the company's daily production and operations or the stability of its control rights [5] - Xu Guangbin is actively communicating with creditors to resolve debt issues amicably and properly [5][6][7] - The company will continue to monitor the progress of these matters and fulfill its information disclosure obligations in accordance with relevant laws and regulations [6][7][9] Subsidiary and Competitive Risks - The newly established subsidiary, Oriental Supercomputing, and Xu Guangbin's Huayun Data have overlapping business scopes, but the company states that there is no competitive risk due to differences in customer types, product categories, and technical routes [7][8] - The company has not disclosed any plans to merge Huayun Data into Oriental Materials [8]