[Sinnet: Plans to invest 2.295 billion yuan to build a computing power base in Hohhot] According to Jinshi Data on December 20, Sinnet announced that the company's fifth meeting of the fifth board of directors in 2024, held on December 20, 2024, reviewed and approved the "Proposal on Investing in the Construction of the Hohhot Computing Power Base Project". The project covers an area of ​​about 150 acres, with a planned total investment of approximately RMB 2.295 billion. The funds will come from self-raised funds, bank loans, and funds obtained through other financing methods. After completion, the project is expected to support 100MW of IT load, with an estimated annual operating income of RMB 632 million and an annual net profit of RMB 51.77 million. (Reprinted from: Jinshi Data)