Changes in Hong Kong stocks | Zhonghuan New Energy (01735) rose more than 8%, and AI computing power business revenue soared, and the company moved towards a “new energy+AI+computing power” compound growth model

The Zhitong Finance App learned that Zhonghuan New Energy (01735) rose more than 8% in early trading, with a cumulative increase of more than 30% this week. As of press release, it rose 8.22% to HK$10.8, with a turnover of HK$73.8635 million.

According to the news, Zhonghuan New Energy's interim results show that in the first half of the year, the company achieved revenue of about HK$6.33 billion, an increase of 56.3% over the previous year; gross profit of about RMB 130 million, an increase of 50.0% over the previous year. During the period, revenue from Zhonghuan Renewables's second growth curve AI computing power business soared to 1,047 billion yuan, accounting for nearly 20% of revenue. This indicates that the company's growth logic is evolving from PV manufacturing as the core driver to a “new energy+AI+computing power” compound growth model.

Yu Zhuyun, chairman of Zhonghuan New Energy Holding Group, said in an interview recently that according to the “AI five-layer cake” theory, within five layers, Zhonghuan New Energy can enter three layers. Yu Zhuyun judged it. The energy is in-house; GPUs are not manufactured by themselves; seek cooperation from leading domestic companies; the computing power center is built by itself, but considering scale, it adapts to local conditions. Zhonghuan hopes to establish an end-side computing power center closer to users to empower applications in the city.