Is Capitalonline Data Service (SZSE:300846) Using Debt Sensibly?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when

Simply Wall StApr 27 22:26 ET

Capital Online (300846.SZ): Net loss of 46.983 million yuan in the first quarter

Gelonghui, April 25 | Capital Online (300846.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 324 million yuan, up 19.56% year on year; net profit attributable to shareholders of listed companies - 464.983 million yuan; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 468.897 million yuan; basic earnings per share - 0.0973 yuan.

Gelonghui FinanceApr 25 07:14 ET

Capital Online (300846.SZ): The main business is to provide cloud hosting and related services, including computing clouds and intelligent computing clouds, and IDC services for the Qianxing Industry

Gelonghui March 27丨Capital Online (300846.SZ) said on the investor interactive platform that the company's main business is to provide cloud hosting and related services, including computing clouds and intelligent computing clouds, and IDC services for the Qianxing Industry. Self-built data centers such as the US and Wenchang, Hainan are built to better meet the real-time computing power needs of the region and increase the gross profit margin of the company's IDC business by reducing costs. At the same time, with the advantages of its own data center, the company can obtain and serve more customer groups, further expanding the company's comprehensive solution service capabilities and market competitiveness in the IDC and cloud computing service business sectors

Gelonghui FinanceMar 27 03:47 ET

Capital Online (300846.SZ): It is planned to build its own data center with the ability to support more than 50,000 P computing power in the future

Gelonghui March 22丨Capital Online (300846.SZ) said on the investor interactive platform that the company is an Internet data center service provider covering the world and is committed to providing integrated global cloud network solutions for local Chinese enterprises, enterprises operating overseas in China, multinational companies entering China, and overseas local enterprises. With the advent of the intelligent computing era, the company has planned to build its own data center with the ability to support more than 50,000 P computing power in the future (this does not mean that the company has computing power cards). The data center planned and built by the company is being built in batches. Later, it may be based on the company's financial situation and market needs

Gelonghui FinanceMar 22 05:01 ET

Capital Online (300846.SZ): The company's Hainan Wenchang aerospace supercomputing project has begun operation

Gelonghui, March 22丨Capital Online (300846.SZ) said on the investor interactive platform that the Wenchang Aerospace Supercomputing Center is connected to Hong Kong and Southeast Asia through the Wenchang International Submarine Cable to provide one-stop overseas services for enterprises with international business (digital business such as e-commerce, games, and short video content) to help enterprises build a secure and expandable international data and computing power platform. In mainland China, they can achieve business coverage in the Southeast Asian economic circle, helping Chinese enterprises efficiently expand overseas business. The company's Hainan Wenchang Aerospace Supercomputing Project has begun operation, and the operation will be disclosed in accordance with regulations.

Gelonghui FinanceMar 22 04:56 ET

Hongxin Electronics (300657.SZ): Suihong Green signs computing power service agreement with Capital Online

Gelonghui, March 6 | Hongxin Electronics (300657.SZ) announced that the company's holding company, Gansu Suihong Green Computing Power Co., Ltd. (“Suihong Green” for short), continues to promote the computing power investment of AI computing power platforms in Qingyang, Gansu. At the same time, the company's management team is actively and rapidly promoting the implementation of computing power resource services. Based on the principles of equality and mutual benefit, mutual trust, paid use, and common development, Suihong Green and Beijing Capital Online Technology Co., Ltd. (“Capital Online” for short) went through friendly negotiations, and the two sides jointly signed the “Computing Power Service Agreement” on March 5, 2024. Of this computing power service agreement

Gelonghui FinanceMar 6 05:07 ET