Sinnet(SZ:300383)2022-12-07 08:48Group 1: Project Development - The Shanghai project has entered the preliminary construction phase, focusing on power transformation, with plans for modular construction to address funding and cost issues, aiming for partial cabinet deployment within the year to generate revenue [1][2]. - The Jiuxianqiao Phase II platform project has completed the construction of a five-story data center using self-raised funds, with subsequent project preparations underway, expected to be completed and operational by mid-next year [2]. Group 2: Business Strategy - The company prioritizes expanding its IDC business in first-tier cities, where market concentration is higher, rather than considering data center construction in western regions at this time [2]. - The company is open to mergers and acquisitions that align with its existing business and promote long-term development, focusing on synergy and complementary advantages [3]. Group 3: Cloud Computing Development - The company is developing its own cloud computing products, including cloud servers and storage, and is actively seeking partners to accelerate its cloud business growth [3][4]. - The government is promoting public cloud services, presenting an opportunity for the company to enhance its cloud computing platform and product offerings [4]. Group 4: Customer Base and Revenue - The company's customer base is diverse, with significant revenue contributions from e-commerce and telecommunications sectors [4]. - The ISP business faces intense competition and market limitations, leading the company to maintain its current scale without significant new investments in this area [5]. Group 5: Financial Performance - The company has experienced high gross margins due to balanced growth in its main businesses, but a decline in gross margin is anticipated as the IDC business expands and the ISP business grows at a slower rate [5].