Sinnet(SZ:300383)2022-12-03 09:22Group 1: Financial Performance - The company's revenue for the first half of 2018 increased by 55%, with no significant changes in main business operations [1] - Cloud computing business accounted for over 70% of total revenue, with a year-on-year growth of 60% [2] - IDC and its value-added services revenue grew by 40% compared to the same period last year [2] Group 2: Cloud Computing Developments - AWS cloud service revenue increased by over 60% year-on-year [2] - The company established a subsidiary, Guanghuan Cloud Data Co., Ltd., focusing on cloud computing services and marketing [2] - SaaS business revenue from Wushuang Technology grew by over 70% year-on-year [2] Group 3: Infrastructure and Capacity - The overall construction progress of the company's facilities has reached over 70%, with a pre-sale rate close to 100% [3] - The company has completed 80% of the construction of the Fangshan data center, aiming for partial production in 2019 [3] - The number of operational cabinets exceeds 30,000, with future projections of 45,000 to 50,000 cabinets [4][6] Group 4: Market Strategy and Challenges - The company aims to expand AWS cloud services across China, establishing sales teams to cover nationwide demand [4] - The company maintains a rental price range for cabinets between 70,000 to 120,000 yuan, varying by business needs [5] - The company does not participate in price wars, focusing instead on product quality to enhance profitability in the long term [5] Group 5: Regulatory and Competitive Landscape - The company has obtained necessary licenses to operate AWS cloud services in compliance with national regulations [7] - The impact of the US-China trade war on AWS's business expansion in China is minimal, as the company adheres to strict regulatory requirements [7] - Future growth potential remains significant, with AWS currently offering 16 service categories and 150 service types in China [7]