Changshan Beiming (000158): Plans To Transfer Assets Related To Changshan Cloud Data Center Phase I Project

In view of the high investment recovery cost of Changshan (hereinafter referred to as "long-term operation and maintenance center of Changshan, hereinafter referred to as" long-term operation and maintenance cost of Changshan (hereinafter referred to as "long-term operation and maintenance of Changshan") project (hereinafter referred to as "long-term operation and maintenance of Changshan") is not ideal, The company plans to transfer the use right of equipment and related buildings of Changshan cloud data center phase I project. The transfer is planned to be conducted in the form of public listing, and the final transaction price shall be subject to the result of public listing.

The assets to be transferred this time are 106 machinery and equipment which will be officially delivered and transferred to operation at the end of 2019 for phase I project of the company. It mainly includes: cabinet, diesel generator set, power distribution cabinet, UPS, chilled water type precision air conditioning unit, frequency conversion centrifugal chiller and other mechanical and electrical assets. As of July 31, 2022, the original book value of the mechanical and electrical assets to be transferred is 255 million yuan, the accumulated depreciation is 48.189 million yuan, and the net book value is 206 million yuan. In addition, it plans to transfer the right to use the engine room building and power building for eight years, with a total construction area of 20900 square meters.

Meanwhile, Changshan cloud data center phase II project (hereinafter referred to as "phase II project") has started construction, with a total investment of 600 million yuan, a construction area of 28000 square meters, and deployment of 4110 standard cabinets and supporting facilities.

The company said that the planning of the second phase project has been greatly improved compared with the first phase project in terms of scale and level, advanced technology and green sustainable development, and the second phase project is constructed in a modular mode, with the main direction of terminal customer customization, state-owned assets on cloud and government cloud infrastructure support as the main direction, breaking through the bottleneck of Internet customer development, The investment cycle is shorter, the market profitability is higher, and the stability is stronger.