After the order rush, several computing power companies have taken measures to alleviate financial pressure. Hainan Huatie plans to issue financing instruments not exceeding 2 billion yuan | Quick announcement.

① Hainan Huatie, which just secured a large order worth nearly 3.7 billion yuan, plans to issue mid-term notes and ultra-short-term financing bonds not exceeding 2 billion yuan. ② Large computing power orders frequently appear in the A-share market, but related listed companies generally face capital tightness, prompting several companies to announce relevant plans. ③ In addition to pressure on funding, related computing power projects may also face contract performance and procurement risks.

cls.cnApr 1 23:50

After a continuous reduction in volume, short-term sentiment has reached a freezing point. Can the recovery of AI computing power lead to a market rebound?

Although the market experienced some degree of recovery yesterday afternoon, the rebound strength remains relatively weak, and the short-term trend continues to show a weak adjustment structure.

cls.cnApr 1 09:23

The second company within 8 days! AVIC Industry-Finance Holdings plans to voluntarily (Delisted), with a premium of 0.10 on the Cash / Money Market option but still below net asset value | Quick read of the announcement.

① After a one-day suspension, it was announced to voluntarily delist; ② The current exercise price of the cash option is significantly lower than the net asset value per share.

cls.cnMar 29 09:48

The signal for price increase in cloud-based services has appeared, signaling the start of an upward cycle in computing power.

With the gradual release of deep thinking models such as Deepseek R1 and openAI o1/o3, the demand for high-performance computing on the inference side is rapidly being unleashed, leading to a rapid expansion of Capex by major companies like Alibaba and Tencent, with a quarterly capital expenditure increase of over 250% in Q4 2024, marking the formal entry of the cloud upstream into a new upward cycle.

Guosheng SecuritiesMar 24 11:06

Debt-for-equity Swaps have nearly doubled the returns of SPIC Industry-Finance Holdings in nuclear energy over five years, and China Life Insurance has raised stakes in SPIC Industry-Finance Holdings looking to establish an exit route.

① In 2018, China Life Insurance entered the electric investment in nuclear energy in the form of 8 billion in Debt-for-equity Swaps to ease the financial burden. The latest asset valuation of electric investment in nuclear energy is 57.123 billion yuan, and the value of shares held by China Life Insurance has reached 15.2 billion. In just five years, the returns have nearly doubled. ② Industry insiders believe that China Life Insurance initially held equity in real enterprises in a phased manner through Debt-for-equity Swaps, and now it can exit normally, obtaining shares of the listed company.

cls.cnMar 19 14:53

The first annual report for A-share Futures companies in 2024 has been released, showing a decline in Futures brokerage revenue while Overseas business has experienced growth for three consecutive years.

① Net interest income supported the growth of Nanhua Futures' Net income last year, while revenue in the segmented businesses such as futures brokerage, wealth management, and risk management all declined last year; ② The Overseas business, which has grown against the trend, has achieved revenue growth for three consecutive years, and Nanhua Futures also plans to further enhance the competitiveness of its Overseas business by issuing Listed in Hong Kong shares.

cls.cnMar 12 16:35