Sinnet(SZ:300383)2022-12-04 09:06Group 1: Company Overview - Guanghuan Xinnet is a subsidiary acquired in 2016, focusing on search engine marketing and related services [1] - The SaaS business of Guanghuan Xinnet has diversified clients across various sectors, including e-commerce, online travel, and traditional industries, showing stable performance [2] Group 2: Cloud Services and Partnerships - Currently, AWS collaborates with Guanghuan Xinnet and Xibu Cloud in China, with operations divided between Beijing and Ningxia [2] - The company’s primary profit source is from IDC services, which are expected to benefit positively from the opening of the cloud computing market [2] Group 3: IDC Business Development - The focus for IDC business includes the ongoing construction of the Fangshan project, with partial production expected by the end of 2020 [3] - Future projects include the Hebei Yanjiao and Shanghai Jiading facilities, aiming for a total service capacity of approximately 100,000 cabinets [3] Group 4: Financial Strategies and Market Position - The company is exploring the feasibility of REITs as a new financing channel [3] - The high gross margin of the company’s data centers is attributed to self-built facilities, which have lower costs [4] - The company’s IDC business is primarily concentrated in first-tier cities due to resource quality and maintenance convenience [4]