Precise(300442)2023-10-26 01:21Financial Performance - The company achieved a revenue of 9.98 billion CNY in Q3 2023, representing a year-on-year growth of 39.12% and a quarter-on-quarter growth of 14.18%, marking the highest growth rate in history [4] - The net profit attributable to the parent company for Q3 2023 was 4.19 billion CNY, with a year-on-year increase of 44.63% and a quarter-on-quarter increase of 11.47% [4] - The company has delivered a total of 12 data centers and 70,000 cabinets as of now, with a mature data center rack rate maintained above 90% [5] Data Center Delivery - The company plans to deliver 2-3 additional data centers in Q4 2023, including projects in Langfang and Foshan [6] - The delivery of the A12 data center in Langfang is under consideration due to client communication regarding long-term needs, with a cautious approach to avoid a delivery gap [6] - The company has increased its energy consumption indicators by 37.65% compared to the end of last year, ensuring stable future development [5] Infrastructure Development - The self-built 220KV substation is in the commissioning phase, expected to double the power supply capacity in the Langfang area to over 1000MW, meeting the region's needs for the next five years [5][9] - The company is focusing on building a comprehensive computing center that integrates data centers, intelligent computing centers, and supercomputing centers [5] Employee Incentives - The company implemented a stock incentive plan in July 2023, covering nearly 10% of employees, with a performance assessment period set from 2025 to 2027 [5][10] - The stock incentive plan aims to bind core employees more closely to the company's growth and performance [10] Technology and Innovation - The company has successfully delivered liquid cooling technology solutions, which have received high praise for reliability and efficiency, with a PUE (Power Usage Effectiveness) currently at 1.16 [11] - The liquid cooling cabinets have shown a slight increase in construction costs but are expected to reduce operational costs significantly compared to traditional air cooling systems [11] Market Strategy - The company anticipates that 2023 will be a significant year for deliveries, with an expected addition of 6-7 data centers, nearly doubling the total number of data centers by the end of 2022 [10] - The strategic focus on high-quality data centers aims to meet the demands of leading internet and cloud service providers [8]