Core Viewpoint - Inspur Digital Enterprise (00596) has successfully completed its placement agreement, with all conditions met as of November 26, 2025 [1] Group 1 - The placement involved the allocation of a total of 67.634 million shares at a price of HKD 7.30 per share [1] - The shares allocated represent approximately 5.54% of the company's issued share capital after the placement [1]

Core Viewpoint - The company has successfully completed a placement of shares, raising capital through the issuance of new shares at a price of HKD 7.30 per share [1] Group 1: Share Placement Details - The company announced that all conditions of the placement agreement have been met, and the placement was completed on November 26, 2025 [1] - A total of 67.634 million shares were placed, representing approximately 5.54% of the company's issued share capital after the placement [1]

Group 1 - The core point of the article is that Inspur Digital Enterprise (00596) has successfully completed a placement agreement on November 26, 2025, with all conditions met [1] - The placement involved the sale of a total of 67.634 million shares at a price of HKD 7.30 per share, which represents approximately 5.54% of the company's issued share capital after the placement [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 本公佈僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。本公佈或其任何副本 不得直接或間接帶入或在美國（包括其屬地及領土、美國任何州及哥倫比亞特區）分發。具體而言， 本公佈不構成亦非在美國或其他地區出售任何證券的要約，或購買或認購任何證券的要約招攬。除 非根據經修訂的《1933年美國證券法》登記或獲豁免登記，否則證券不得在美國發售或出售。在美國 進行的任何證券公開發售，僅會透過招股章程進行，該招股章程可向證券發行人或出售人索取，當 中載有關於發行人及其管理層的詳細資料以及財務資料。本公司不擬在美國就本公佈所指證券進行 公開發售。 INSPUR DIGITAL ENTERPRISE TECHNOLOGY LIMITED 浪潮數字企業技術有限公司 （於開曼群島註冊成立的有限公司） （股份代號：596） 完成根據一般授權配售新股份 整體協調人、配售代理及資本市場中介人 董事會欣然宣布，配售協議所載的 ...

Core Viewpoint - Inspur Digital Enterprise (00596) has seen a rebound of nearly 5%, with a current increase of 5.74% to HKD 7.19, and a trading volume of HKD 19.6399 million [1] Group 1: Fundraising and Share Placement - Inspur Digital Enterprise announced a rapid placement of shares, intending to place up to 67.634 million shares to no fewer than six investors, with total proceeds amounting to HKD 494 million [1] - The placement will involve at least six long-term investors, with a significant portion (over 60%) allocated to CPE Yuanfeng Capital, a well-known industrial investor [1] Group 2: Corporate Restructuring and Future Plans - The company is actively preparing to relocate its registered office from the Cayman Islands to Hong Kong, while also exploring potential opportunities for a return to A-share listing [1] - This move is expected to help the company reduce overall financing costs and support valuation recovery, thereby injecting stronger momentum into its ongoing business expansion and long-term development [1]

Core Viewpoint - The stock of Inspur Digital Enterprise (00596.HK) has rebounded nearly 5%, currently trading at 7.19 HKD with a transaction volume of 19.6399 million HKD [1] Group 1 - The stock price increased by 5.74% [1] - The current trading price is 7.19 HKD [1] - The total transaction volume reached 19.6399 million HKD [1]

Core Viewpoint - Inspur Digital Enterprise (00596) has seen a rebound of nearly 5%, with a current increase of 5.74% to HKD 7.19, and a trading volume of HKD 19.6399 million [1] Group 1: Fundraising and Share Placement - Inspur Digital Enterprise announced a lightning placement to issue up to 67.634 million shares to no fewer than 6 investors, raising a total of HKD 494 million [1] - The placement will involve at least 6 long-term investors, with the core investor being CPE Yuanfeng Capital, which accounts for over 60% of the placement [1] Group 2: Corporate Strategy and Relocation - The company is actively preparing to relocate its registered office from the Cayman Islands to Hong Kong, while exploring potential opportunities to return to A-share listing [1] - This strategic move is expected to help the company reduce overall financing costs and assist in valuation recovery, providing stronger momentum for ongoing business expansion and long-term development [1]

Core Viewpoint - Inspur Digital Enterprise (00596) experienced a significant drop of over 9%, currently trading at 7.05 HKD with a transaction volume of 65.4 million HKD following the announcement of a placement of shares [1] Group 1: Share Placement Details - On November 16, Inspur Digital Enterprise announced a placement of 67.634 million shares at a price of 7.3 HKD per share, representing a discount of approximately 6.77% compared to the closing price on November 14 [1] - The expected net proceeds from the placement are approximately 490 million HKD [1] Group 2: Strategic Partnerships and Investor Insights - The placement involves at least six long-term investors, with the core investor being CPE Yuanfeng Capital, which accounts for over 60% of the placement [1] - CPE Yuanfeng Capital has entered into a strategic cooperation agreement with Inspur Computer on November 4, indicating strong confidence in the company's value and business prospects [1] - The company is recognized as a key player in the domestic software localization efforts under Inspur Group, which enhances its attractiveness to investors [1] Group 3: Corporate Structure Changes - The board of directors has proposed to relocate the company's registered office from the Cayman Islands to Hong Kong, aiming to optimize the shareholding structure and facilitate inclusion in the Hong Kong Stock Connect program [1]

Group 1 - The core point of the article is that Inspur Digital Enterprise (00596) experienced a significant drop in stock price, falling over 9% after announcing a placement of shares at a discount [1] - As of the report, the stock price was at 7.05 HKD, with a trading volume of approximately 65.4 million HKD [1] - The company announced a placement of 67.634 million shares at a price of 7.3 HKD per share, representing a discount of about 6.77% compared to the closing price on November 14 [1] Group 2 - The expected net proceeds from the placement are approximately 490 million HKD [1] - The board proposed to relocate the company's registered office from the Cayman Islands to Hong Kong [1] - First Shanghai noted that there are at least six long-term investors participating in the placement, with CPE Yuanfeng Capital being a key investor holding over 60% of the placement [1] Group 3 - CPE Yuanfeng Capital has entered into a strategic cooperation agreement with Inspur Computer on November 4, indicating strong recognition and optimism regarding the company's core role in domestic software localization [1] - The expected holding period for CPE Yuanfeng Capital is no less than two years, which may help optimize the company's equity structure [1] - This move is seen as laying a more favorable foundation for inclusion in the Hong Kong Stock Connect program [1]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of HKD 12.00 [3][5]. Core Insights - The company is focusing on research and development of large models, AI-native software, and AI intelligence as its core development direction. The management expects cloud services to maintain a revenue growth of 20% annually, while overall core business revenue is projected to grow by 15% annually [3]. - The company has introduced a new software product, "浪潮海岳 inSuite by DELMIAWorks," aimed at the discrete manufacturing industry, which integrates various core business functions for digital transformation [2]. - The company plans to expand its overseas enterprise service market, starting with SaaS services for Southeast Asian companies next year, which is expected to become a second growth curve for the company [3]. Financial Summary - For FY25E, the net profit is projected to be RMB 522 million, representing a year-on-year increase of 35.6%, and for FY26E, it is expected to reach RMB 624 million, a 19.5% increase. The compound annual growth rate (CAGR) for net profit from FY25E to FY27E is estimated at 19.1% [3][4]. - The company’s revenue for FY23 was RMB 8,294 million, with a growth rate of 19.1%. For FY24, revenue is expected to decrease slightly to RMB 8,201 million, followed by a recovery to RMB 8,758 million in FY25 [4][8]. - The diluted earnings per share (EPS) for FY25E is projected at RMB 0.457, increasing to RMB 0.546 in FY26E and RMB 0.648 in FY27E [4][8].