Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. China
  4. Shanghai Stock Exchange
  5. Shanghai AtHub Co.,Ltd.
  6. News
  7. Summary
    603881   CNE100002R57

SHANGHAI ATHUB CO.,LTD.

(603881)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Shanghai AtHub : China internet firms must commit to clean power as consumption soars - Greenpeace

05/27/2021 | 10:03pm EST
Workers walk past solar panels in Jimo

SHANGHAI (Reuters) - Electricity consumption from China's data centres and 5G base stations could almost quadruple from 2020 to 2035, putting the sector under pressure to commit to clean energy sources, environmental group Greenpeace said on Friday.

Combined electricity consumption by data centres and 5G base stations stood at more than 200 billion kilowatt-hours (kWh) in 2020, with more than 60% sourced from coal-fired power stations.

That is expected to rise to 782 billion kWh by 2035, Greenpeace estimated, making the sector one of the fastest growing sources of climate-warming carbon dioxide emissions.

China's internet sector has become one of the country's biggest electricity users, and consumption is forecast to exceed the whole of Australia by 2023, Greenpeace said in a previous report.

China has pledged to bring total greenhouse gas emissions to a peak by before 2030, and many industrial sectors are expected to plateau or decline as early as 2025. However, carbon dioxide from the internet sector could continue rising and reach 310 million tonnes a year by 2035, Greenpeace said.

Greenpeace climate and energy campaigner Ye Ruiqi said tech firms could make a difference by investing in clean power.

"Explosive growth in digital infrastructure does not need to mean growth in emissions," she said.

So far, two major data centre operators - Chindata Group and AtHub - have pledged to source all their energy from renewable sources by 2030.

In a sector action plan published this week, China's industry ministry said it would urge data centres to make full use of renewable energy.

It said it would also encourage data centres to build their own clean power plants, including "distributed" rooftop solar and wind installations.

(Reporting by David Stanway; Editing by Lincoln Feast.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINDATA GROUP HOLDINGS LIMITED -34.07% 5.84 Delayed Quote.-62.52%
SHANGHAI ATHUB CO.,LTD. -0.43% 34.67 End-of-day quote.-19.25%
All news about SHANGHAI ATHUB CO.,LTD.
10/28Shanghai AtHub Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30..
CI
08/16Shanghai Athub Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
CI
05/27SHANGHAI ATHUB : China internet firms must commit to clean power as consumption soars - Gr..
RE
04/28Shanghai Athub Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31,..
CI
03/19Shanghai Athub Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, ..
CI
2020Shanghai Athub Co., Ltd. Reports Earnings Results for the Nine Months Ended September 3..
CI
2020Zhangbei Dataport Information Technology Co., Ltd. announced that it expects to receive..
CI
2020Shanghai AtHub Co., Ltd. announced that it has received CNY 1.692149095 billion in fund..
CI
2020Shanghai Athub Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
CI
2020Heyuan AtHub Technology Co., Ltd. announced that it expects to receive CNY 22.66 millio..
CI
More news
Financials
Sales 2021 1 202 M 189 M 189 M
Net income 2021 128 M 20,0 M 20,0 M
Net Debt 2021 2 678 M 420 M 420 M
P/E ratio 2021 107x
Yield 2021 0,42%
Capitalization 11 404 M 1 788 M 1 789 M
EV / Sales 2021 11,7x
EV / Sales 2022 8,99x
Nbr of Employees 491
Free-Float 48,0%
Chart SHANGHAI ATHUB CO.,LTD.
Duration : Period :
Shanghai AtHub Co.,Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SHANGHAI ATHUB CO.,LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 34,67 CNY
Average target price 42,72 CNY
Spread / Average Target 23,2%
EPS Revisions
Managers and Directors
Li Zeng Vice Chairman & President
Zi Qian Song Chief Financial Officer & Vice President
Lan Luo Chairman
Song Yan Zhang Chairman-Supervisory Board
Ning Li Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SHANGHAI ATHUB CO.,LTD.-19.25%1 796
CLARIVATE PLC-24.64%17 318
WNS (HOLDINGS) LIMITED15.63%4 206
JMDC INC.44.01%4 189
VERRA MOBILITY CORPORATION8.72%2 277
UMANIS S.A.59.19%290