Refinement technology (13.73,0.270,2.01%) (002 006) on March 16 had issued a notice to the counterparty intends to 10.20 yuan / share issue 353 million shares and paid 1.65 billion yuan in cash, for a total price of 5.25 billion yuan, buy 100% stake in Pangu data. At the same time, the company intends to 12.93 yuan / share issue shares to raise matching funds to Jing Gong Group, two objects, a total of not more than 2.8 billion yuan. Among them, the group raised funds to refinement 2.2 billion.
After the announcement, it caused widespread concern in the market parties, many of them for the acquisition of the subject - Pangu data up to 5.25 billion yuan of estimates, and the company's ability to achieve the performance promised these questions.
Refinement technology April 20 revised draft plan released late notice, and after the company's "restructuring inquiry letter" made detailed responses to the Shenzhen Stock Exchange.
Huge future market space IDC industry
According to the announcement, the data Pangu's main business is to provide Internet data center (Internet Data Center, namely IDC) infrastructure and services as well as Internet-based value-added data center services, including cloud services, Big Data operation services.
With the maturity and development of global information and further promote information technology, Internet technology and its application with each passing day, we are in a period of rapid development. With the progress of Internet technology and applications, cloud computing, big data market is growing rapidly and much attention. Global cloud computing industry was strong, the world information industry and regional powers have targeted cloud computing, which is included in the scope of strategic industries. With big data applications continue to broaden, big data market is growing rapidly, China's large data industry is still at an early stage of development, the future will continue rapid growth is expected to China's large market size data industry 2014--2020 year annualized growth rate 48.51%, in 2014 China's large-scale data applications accounted for only 4.56% of global market is expected in 2020 will increase to 14%. The current government, telecommunications, finance, healthcare, energy, electricity and Internet industry higher proportion of large data applications, future industries have great room for expansion. Explosive data growth in all areas requires more computing resources, more storage, and as a representative of public cloud services forwarding scale and efficient platform for cloud data centers, cloud storage, cloud platform also will continue to expand.
Internet companies Internet content stored in the IDC room hosting server, and to purchase Internet bandwidth, IDC service providers access for users to access, IDC service good and bad directly determines whether a user can successfully access to Internet sites and applications. Internet technology, cloud computing, big data rapid development of business, so matching this data center has become the cornerstone of carrying data and resources critical infrastructure information development. The rapid development of the Internet industry to promote the rapid development of the domestic data center services market, and its future will maintain rapid growth. With the rapid development of government, financial, enterprise information, coupled with the 3G / 4G, cloud computing, big data, mobile Internet (2584.68,2.540,0.10%) net rapid evolution of network architecture and network applications continue to enrich, enterprises, institutions significantly increased demand for data center services market, dependence on data center services continues to increase, the market will usher in a broad development opportunities.
According to the industry's authoritative statistics, in 2014 China IDC rapid market growth, market size reached 37.22 billion yuan, year on year growth rate reached 41.8%. In the past six years, China IDC market compound annual growth rate of 38.6%. From the development stage point of view, 2009-2011 IDC market in the period of rapid growth, the growth rate remained at above 40%. Next three years, IDC market growth will stabilize at 30% or more by 2017, IDC China market size will more than 90 billion yuan, the growth rate will be close to 40%.
Pangu data to achieve guaranteed performance commitment
It is understood that Pangu data since its inception, has been focused on providing customized IDC infrastructure services for large data center users, by providing customized planning, systems integration, managed services to meet end-user demand for services data center. Pangu data in the industry first proposed the "custom operators' business model, meanwhile, has more prominent advantages in terms of room size, technology, brand, market and so on.
Prior to the disclosure of "plan" shows that Pangu data from 2014 to 2016 January-February operating income 0, after deducting non-recurring gains and losses net profit attributable to shareholders of the parent company when losses are committed Pangu data 2016, 2017, 2018 and 2019 audited net profit excluding non-recurring gains and losses of not less than 330 million yuan, 590 million yuan, 690 million yuan and 780 million yuan.
      Refinement technology (13.73,0.270,2.01%) on the Shenzhen Stock Exchange in the inquiry letter in reply, said Pangu data established in March 2012, in the second half of 2013 officially entered the field of Internet data centers. Since the dawn of data to quickly capture the market, the rapid expansion in the short term, resulting in its own financial constraints, shortage of funds to solve their own problems, Pangu data to the data center has been built at the end of 2014 foreign sales. At the same time, Pangu Fairview No. 1 data center, Accor No. 9 data center project in early April 2016 to officially put into use, other data centers or projects will be completed in the second half of 2016 determined that, as of February 29, 2016 Pangu no data on data center operations. Thus, from 2014 to 2016 February, Pangu data no operating income, operating costs, total operating costs mainly by administrative expenses and impairment losses on assets (mainly other receivables provision for bad debts) constituted a negative total profit is not the case due to business losses caused.
According to the construction Pangu data currently existing data center and its business development, it is expected to begin to realize Pangu data revenue in April 2016. After the data center began operations, rack rental income will continue to increase as the server and added to the rate increase, and finally stabilized, value-added services revenues will grow. From the current operating situation, the 2016-2018 data Pangu will build and put into operation thirteen Internet data center project, the project mainly in Beijing, Shanghai and Shenzhen and other cities, the total number of rack of about 30,000. Pangu Fairview No. 1 data centers and data center Accor No. 9 project will be put into operation in April 2016, the dawn of Fairview No. 2 data centers, data center Pangu on the 7th, the 8th Raisin data center, data center on the 10th Pangu, Beijing two data center project, Shanghai project (divided into one and two) and Chaozhou project in project start-up state, Pangu Fairview No. 3 data Center, Fairview No. 4 Pangu Pangu 11 data centers and data center project has not yet started.
According to the prediction, Pangu data from 2016 to 2019 net profit was 330 million yuan, 590 million yuan, 690 million yuan and 780 million yuan. Insiders analysis, with the shortage of funds to solve the problem, Pangu data with its own professional project management capabilities and innovative business models, and with the continuous development of operational and business data in Pangu built the data center, its business scale effect will gradually appear, the company will usher in rapid development period.
Double main industry and common development to enhance the company's continued development capacity
Refinement technology is mainly engaged in carbon fiber and composite materials and equipment, textile equipment, solar energy (15.47, -0.060, -0.39%) developed new PV-specific equipment and building energy-saving equipment and other high-tech product development, production, sales and technical services. Pangu data while the acquisition is the leading Internet data center infrastructure service providers. After the completion of this transaction, refinement technology will form a model of development of traditional industries and emerging industries double main industry.
The company said, refinement technology will be stable and stronger business, while leveraging existing resources in the Yangtze River Delta (3342.37,2.180,0.07%) regions (1873.12, -5.280, -0.28%) and accumulated over the years of management experiences, actively carry out business integration, development of the internet data center infrastructure services and value-added services, while the listed company will use the capital market platform, giving Pangu data sufficient support in the capital, brand, etc., to promote its establish a leading position in the industry, creating industry premium brand, to optimize the company's business structure, improve the company's core competitiveness, "double engine" driving, to promote the listed company's long-term sustainable development.
According to the company's development strategy, future refinement technology will develop Internet data center infrastructure services, and actively develop value-added services. Pangu data has now completed the construction of 9 data centers, in addition to data center infrastructure but also the construction of the outer cloud platform, cloud-related value-added services will operate, Pangu data cloud platform will provide construction customers, verify and post operation and maintenance services; under construction on the 8th data center is China Telecom Group, the country's first large pre-node-specific data IDC room, according to the project plan will gradually converge China Telecom, China mobile and China Unicom from the next few years (4.11,0.020,0.49%) three operators of the whole amount of data, its comprehensive, multi-dimensional, neutrality and integrity of the other classes will be difficult to compare the data group, data Pangu good infrastructure and services while focusing on the completion PaaS platform operations and maintenance, large data analysis and application development services, and other value-added services.
After the completion of this transaction, Pangu data will be based on the development of the existing Internet data center infrastructure and services, to develop cloud services, Big Data operations and other value-added services. Refinement technology will maintain the existing data base Pangu business team, technical team stability, through the integration of human resources and management resources, establish and improve to meet the development of business architecture and organizational structure to further enhance the Pangu data service management capabilities and operational efficiency. (Source: China Securities News · Zhongzheng Wang)