The Zhitong Finance App learned that Jin Jing Xinneng (01783) rose nearly 5%. As of press release, it had risen 4.19% to HK$4.605, with a turnover of HK$27.5036 million.
According to the news, earlier, Jin Jing Xinneng announced that it plans to acquire all shares of YV CLOUD Limited and Shanghai Youfuyun for up to HK$2.5 billion. Shen Wan Hongyuan pointed out that the company began the acquisition of YV CLOUD Limited and the operating company Shanghai Youfu Cloud Computing Co., Ltd. and officially entered the computing power service circuit. As one of the earliest NVIDIA Cloud Partners in China, the target company has advantages in GPU allocation priority and original factory pricing. Jinjing Xinneng simultaneously began expanding its computing power assets. Currently, it has completed the procurement of more than 500 Nvidia high-performance GPU servers. It is optimistic that the expansion of computing power will inject new momentum into the company's rapid growth.
The bank continued that in the renewable resources business, the withdrawal of US copper cables from the grid is progressing at an accelerated pace, and demand for reverse recycling has entered a stage of continuous release. Telecom giants such as AT&T and Verizon are accelerating the migration to wireless communications and fiber-optic networks, which has become an irreversible trend. Jinjing Xinneng is deeply tied to leading customers such as AT&T, Verizon, and Amazon, and there is plenty of room to increase the penetration rate of existing customers. The company uses fixed-term contracts to lock in procurement costs according to agreed prices. After dismantling, high-purity copper and aluminum are sold at market prices. Under high copper prices, rising metal prices directly increase recycling price differences, and have both profit stability and flexibility.