Capital Online Discloses 2025 Annual Report: Accelerating Intelligent Computing Transformation to Release Performance Elasticity

Recently, Capital Online (Stock Code: 300846) disclosed its 2025 annual report. Last year, the company achieved operating revenue of 1.237 billion yuan, with the Intelligent Computing Cloud business generating 295 million yuan, a year-on-year increase of 61.08%. The Computing Cloud business earned 386 million yuan, remaining stable compared to the same period in 2024, maintaining steady growth. The IDC business achieved revenue of 498 million yuan, a decrease of 35.51% year-on-year, but benefited from strategic contraction adjustments, significantly improving gross profit margins. Last year, the company reported a net profit attributable to shareholders of -170 million yuan, narrowing the loss by 43.91% year-on-year, mainly due to improved overall operational quality and strategic adjustments to the IDC business, reducing some low-margin traditional operations, and focusing on the “Intelligent Computing Transformation” strategy.

Overall, the 2025 annual report highlights many key points for Capital Online. The development and implementation of computing power nodes in critical regional layouts are particularly noteworthy. Last year, the company officially broke ground on the Huailai Intelligent Computing Center project, located in Huailai County within the Beijing-Tianjin-Hebei metropolitan area, with an average annual temperature of 9.1°C. The completion of this project holds multiple significance for Capital Online:

Optimizing computing network layout and strengthening regional coordination—The Huailai Intelligent Computing project is situated at the core node of the Beijing-Tianjin-Hebei computing hub, efficiently meeting real-time computing demands in Beijing. By integrating computing resources from Mentougou in Beijing and Inner Mongolia, Capital Online has built a “3-millisecond ring” around Beijing, forming an intelligent computing service network covering North China and radiating nationwide, satisfying high real-time requirements of downstream industries and achieving dual breakthroughs in green computing and efficient service.

Consolidating the intelligent computing foundation and accelerating business transformation—The Huailai project marks a key milestone in Capital Online’s shift toward intelligent computing services. Serving 25,000 high-tech enterprises in Beijing, the project leverages vast intelligent computing resources, enhancing the company’s competitiveness in providing intelligent services to government, enterprises, and large models. It also connects computing power with scenarios, solving industry pain points, and promoting the upgrade of its business structure toward high value-added fields.

Seizing policy dividends and capturing strategic opportunities—As a key project of the “East Data West Computing” initiative, the Huailai Intelligent Computing Center enjoys preferential policies regarding land, energy evaluation, and electricity quotas. Once completed, it will strengthen Capital Online’s computing power reserves in the Beijing-Tianjin-Hebei network, playing a positive role in securing orders from government and large enterprise clients, and maintaining a competitive edge in computing resource competition.

Public information shows that Capital Online, as one of the earliest domestic integrated cloud and network cloud computing service providers, operates in over 50 countries and regions. It has 24 global public cloud regions, nearly 100 global public cloud availability zones, rights to nearly 100 submarine cables, and thousands of edge computing nodes. The company has successfully built six intelligent computing clusters in North China, South China, East China, Northwest China, and overseas regions such as the U.S. Midwest. It also has over a thousand edge computing nodes across the Americas, Europe, and Asia-Pacific, enabling multi-point deployment of global business within 3-5 minutes, providing comprehensive products and services for many outstanding enterprises’ international expansion.

Looking ahead, as core computing nodes are fully deployed and capacity continues to be released, Capital Online’s intelligent computing business scale is expected to grow steadily. The utilization rate of cabinets and profitability are likely to improve in tandem, further driving the company’s overall performance to release greater potential. Currently, the artificial intelligence industry is in a booming golden cycle. Iterations of large models, industry intelligence penetration, and deepening digital economy are continuously driving high growth in computing demand. Computing power has become a core production factor in the digital age. Based on a globalized cloud network foundation and nationwide intelligent computing layout, Capital Online will continue to refine its full-stack product system, develop customized solutions, and precisely meet the intelligent transformation needs of various industries. This not only strengthens the digital upgrade and global expansion of Chinese enterprises but also embodies the strategic goal of building a digital powerhouse through cutting-edge technology, injecting continuous computing power into China’s high-quality digital economy development, and consolidating its foundation in the global AI competition.