Sinnet(SZ:300383)2022-12-07 08:48Group 1: Company Overview - The company is Beijing Guanghuan Xinnet Technology Co., Ltd., with stock code 300383 and abbreviation Guanghuan Xinnet [1] - The meeting took place on November 11, 2015, from 15:00 to 17:00 in the company's second-floor conference room [1][7] Group 2: Financial Performance - The company's gross profit margin has declined due to the expansion of IDC business and slower growth in ISP business, leading to a decrease in bandwidth reuse rate [2][3] - As of the end of Q3, the company’s existing data centers are nearing saturation, resulting in slow revenue growth [2] - The fixed costs of IDC business have significantly increased due to ongoing projects, further contributing to the decline in gross profit margin [2] Group 3: Business Strategy - The company focuses on expanding its IDC business primarily in first-tier cities, as these areas have better network environments and higher concentrations of internet-related enterprises [3] - The acquisition of Wushuang Technology aims to enhance the company's capabilities in internet marketing and big data services [5] - The company plans to maintain its current scale in ISP business due to intense competition and limited resources, with a primary focus on IDC business development [5] Group 4: Future Development - The company is currently constructing several projects, including the Shanghai Jiading Green Cloud Computing Base and the Yanjiao Guanghuan Cloud Valley Phase II project, with funding sourced from public offerings and self-financing [6] - Future customer segments will include e-commerce and financial users, with an increasing demand for cloud computing services [6] - The government’s demand for data centers is expected to grow as part of the national strategy for a strong network [7]