Changes in Hong Kong stocks | Dexiang Xinyun Computing Power (00199) rose more than 6% and plans to acquire 80% of AI computing power companies to further accelerate the computing power layout

The Zhitong Finance App learned that Dexiang Xinyun's computing power (00199) increased by more than 6%. As of press release, it had risen 6.33% to HK$2.77, with a turnover of HK$7.3292 million.

According to the news, Dexiang Xinyun Computing Power issued an announcement stating that it plans to acquire 80% of the shares of an artificial intelligence computing power service company. The target company has purchased and received 26 high-performance servers and all-in-one computers, equipped with a total of 336 cards, and has signed two computing power scheduling service contracts with an AI infrastructure company in Shanghai, with a total contract amount of about 649 million yuan. Delivery and collection of payments has begun for the first contract, and deposits have already been received for the second contract.

According to the announcement, after billing and execution of both contracts begin, the monthly contract amount will be no less than RMB 10.816 million, equivalent to no less than RMB 130 million for the whole year. According to unaudited estimates made by management based on annual performance, the target company is expected to have an annual gross profit of about RMB 47.79 million, or a gross margin of about 36.82%; an annual EBITDA of about RMB 125 million, and an EBITDA profit margin of about 96.30%.