Cetc Digital Technology Co.Ltd(600850) : Cetc Digital Technology Co.Ltd(600850) announcement on the investigation of reception institutions

Securities code: Cetc Digital Technology Co.Ltd(600850) securities abbreviation: Cetc Digital Technology Co.Ltd(600850) Announcement No.: pro 2022014 Cetc Digital Technology Co.Ltd(600850)

Announcement on the investigation of reception institutions

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Cetc Digital Technology Co.Ltd(600850) (hereinafter referred to as “the company”) received the institutional research through teleconference on March 15, 2022. The main information is announced as follows:

1、 Investigation

Research time: March 15, 2022

Research method: teleconference

Name of research institution: Guotai Junan Securities Co.Ltd(601211) securities

Receptionist of the company: Hou Zhiping, deputy general manager and Secretary of the board of directors; Securities affairs representative Miao Shuya

2、 Summary of main research questions and company responses

1. What are the main directions of the company’s transformation and development

A: the company’s business transformation mainly focuses on the breaking of data elements, takes the whole life cycle of industry data generation, transmission, processing, enabling and application as the main line, and makes full use of new technologies such as cloud computing, big data, artificial intelligence, Internet of things and digital twin to face key industries such as finance, operators, Internet, manufacturing, transportation, water conservancy and energy, Build an integrated digital solution of “IOT, digital and Zhilian” with endogenous security and traditional security. The company has further increased its investment in technology research and development, and has formed a “1 + 2 + n” overall digital architecture of the industry. It is supporting the innovative development of digital transformation of the industry by consolidating a secure data base, building a class 2 data intelligent platform and creating n intelligent application scenarios.

At the same time, the major asset restructuring project being implemented by the company will enhance the company’s industry digital solutions and key technology and product capabilities through the acquisition of baifei electronics, especially in terms of the ability of edge end integrated intelligent products, and drive the transformation and upgrading of the company’s industry digital field.

2. When is the company’s restructuring project expected to be completed

A: the company has submitted the application materials to the CSRC and received the acceptance form of administrative license application from the CSRC. The company will actively promote the work related to the reorganization and strive to complete the reorganization project as soon as possible. The company will disclose and fulfill the obligation of information disclosure in time when the reorganization is progressing.

3. What is the proportion of revenue and profit in the whole company after baifei electronics is incorporated into the listed company

A: the company’s operating revenue in 2020 is 8.130 billion yuan, and the net profit attributable to the parent company is 317 million yuan. The operating revenue of baifei electronics in 2020 is 424 million yuan, and the net profit is 115 million yuan. In 2020, the net profit of baifei electronics accounted for about 1 / 3 of the company’s net profit.

4. How about the operation of the company’s financial business and financial Xinchuang

A: as the listed industry platform and the leading unit of fintech in the digital field of China’s power technology industry, the company is positioned as the national team of fintech and the guardian of financial data in the financial field. In 2021, the company focused on the development of financial technology business. Based on the overall digital architecture of “1 + 2 + n” industry, the company provided new digital infrastructure for financial customers and built a financial digital capability platform. The company has become the authorized Laboratory of financial information innovation of the people’s Bank of China, comprehensively carried out the adaptation, verification, optimization and key research work of financial information innovation, and built the key research base and laboratory into an ecological link linking financial information innovation, industry, University and research. In 2021, the company’s financial technology business and financial information innovation business increased significantly.

5. What are the company’s data center businesses

A: the field of data center is an important part of digital new infrastructure. The company will give full play to its leading enterprise advantages in the field of data center engineering construction, further strengthen its business layout in the Yangtze River Delta, Guangdong, Hong Kong, Macao, Dawan District, Chengdu and Chongqing and other central and western regions, seize the historical opportunities of digital new infrastructure and Eastern digital Western computing, and promote the development of data center engineering construction business. In addition, the company is building its own data center of financial cloud base in Songjiang, Shanghai, creating new business of data center operation service and cloud management service, based on Shanghai, facing the financial field and the core economic belt of the Yangtze River Delta, and serving the digital transformation of customers in key industries.

6. What impact will it have on the company’s business

A: the company has rich experience in data center project construction in the Yangtze River Delta, Guangdong, Hong Kong, Macao, Dawan District, Chengdu and Chongqing and other central and western regions where the National Computing hub node is located. The national implementation of the strategy of Eastern digital computing and Western computing will be conducive to the development of the data center industry and bring new opportunities to the development of the company’s data center business.

7. Does the company have any capital operation arrangements in the future

A: capital operation planning is one of the important paths for the innovative development of the company. Focusing on the goal of becoming stronger, better and bigger, the company will give full play to the advantages of the capital platform of listed companies, further merge and expand external high-quality business resources, comprehensively improve the overall efficiency, and promote the transformation, upgrading and high-quality development of the company.

8. How is the company’s cash flow

A: the company’s cash flow is in good condition and relatively stable.

It is hereby announced.

Cetc Digital Technology Co.Ltd(600850) board of directors March 17, 2002

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