Incident On June 28, 2015, Diwei Video and Beijing Chengyi Times Technology Co., Ltd. formally signed a nationwide optical fiber route rental and service agreement. Chengyi Times has the property rights to an optical cable with a length of about 17,438 kilometers across the country and the right to use this route, and has agreed to exclusively lease the 4-core fiber core in the above optical cable and the corresponding right to use this path to Diwei Video. The lease period is 20 years, and Diwei Video has the exclusive right to use the optical fiber, and it is exclusive. Comment Qiangqiang has joined forces to build the IDC business chain, with unlimited potential: 1. Diwei Video and the Ordos local government jointly established Ordos Hi-Tech Investment Interconnection Technology Co., Ltd., which is responsible for the investment, construction and operation of the local cloud computing industrial park in Ordos; 2. Chengyi Era is a leading telecom operation service and Internet access service provider in China, and has now built a nationwide low-level carrier network to provide diversified Internet access services and third-party broadband access services for the government and large enterprises. It is a strategic partner of operators such as China Mobile, China Telecom, China Unicom, and Radio and Television Group. 3. This cooperation with Diwei Video has IDC's data backup, data transmission, and operation capabilities, forming a complete “IDC+ network operation+scenario application” business chain, with unlimited potential for future business expansion. Guangqian networks covering the whole country seize the high ground of the IDC industry: 1. In the Chengyi era, an optical cable network covering a length of about 17,438 kilometers across the country opened up room for imagination for the company's future business expansion and expansion in the field of cloud computing and big data; 2. In the fierce competition of domestic IDC data centers, enterprises with exclusive network access resources will have a choice advantage; 3. It is expected to change the asset-heavy operating model of IDC's business. The absolute leader of the future IDC industry: 1. Judging from the trend of the cloud computing industry, there are about two paths for future industry evolution. One is that the infrastructure layer moves towards the pass and Saas levels, and integration becomes an industry consensus; second, IDC data centers move in the direction of operators, and big data operations become a trend. 2. Since the cloud computing industry chain is relatively short, the limiting factor that determines the scale expansion of the industry is that the rate of decline in infrastructure costs is lower than the rate of decline in cloud computing service prices. The size of profit margins in the long run determines who is king. Therefore, we believe that there are two criteria for judging future winners in the industry: one is who has lengthened the industrial chain, and the other is who has a high cost performance ratio (profit margin). In summary, we believe that Diwei Video has formed a complete business chain of “IDC+ network operation+scenario application” that complies with standard 1; moving upstream, the exclusive rights to operate the Guangqian network compared to other competitors, it is cost-effective, has a large profit margin, and is in line with standard 2. How to reunderstand the investment value of Diwei Video: 1. The promotion of laser products is expected to kick off the curtain of industrialization. 3. There is a high probability that the core team's construction of several business chains will exceed market expectations. 3. Overall, the company is at an inflection point in performance this year, and the IDC business enjoys a low cost advantage. After this cooperation, the company has a complete IDC business chain with huge potential for commercial innovation around key resources. The company's performance in the next few years is very flexible, and the current market value is underestimated; the investment proposal maintains a “buy” rating, with a target price of 60-70 yuan.