Sinnet(SZ:300383)2022-12-06 02:56Group 1: Company Overview - The company initially focused on broadband access and IDC services, but has shifted its main business to cloud computing, IDC, and related value-added services [2] - Currently, the company operates approximately 18,000 cabinets, with plans to expand to a total of 45,000-50,000 cabinets upon completion of ongoing projects [2] Group 2: Cloud Computing Business - In 2016, cloud computing revenue accounted for over 50% of the company's total revenue, with expectations for continued growth in 2017 [2] - The cloud computing revenue includes income from AWS services, SAAS revenue, and self-developed cloud computing services [3] Group 3: Partnership with AWS - The company is the sole operator of AWS cloud services in China, authorized to provide services based on AWS technology in the Beijing area [3] - Future profits from AWS will be shared based on a cost-sharing agreement, which includes operational, technical support, and personnel costs [3] Group 4: IDC Business Outlook - The IDC market in China is not yet saturated and is currently undergoing consolidation, with smaller, less efficient data centers being phased out [5] - The company believes that IDC services are essential for cloud computing operations, as they provide the necessary IT infrastructure [4] Group 5: Sustainability and Profitability - The company aims to maintain high profit margins and sustainable growth by adjusting operational methods based on user demand and controlling costs [5] - New construction projects incorporate gas power generation to reduce electricity costs and lower PUE values, contributing to energy savings [5]