智通财经APP讯，凌雄科技(02436)公布，该集团预期于2025年上半年取得净利润不超过500万元，较 2024年同期约4060万元的净亏损显著改善。据董事会所知，本期间显著由亏转盈主要得益于集团持续拓 展服务规模，本期间收入较2024年同期的约9.43亿元相比增加不少于1.5亿元;及在各业务板块推动精细 化费用管理措施及流程优化，并通过数字化提升运营效率，从而实现本期间合计运营费用较2024年同期 约1.39亿元相比减少不少于2000万元。 ...

格隆汇8月14日丨凌雄科技(02436.HK)发布公告，集团预计截至2025年6月30日止六个月将录得不超过人 民币5.0百万元的净利润，较2024年同期约人民币40.6百万元的净亏损显著改善。 本期间显著由亏转盈主要(i)得益于集团持续拓展服务规模，本期间收入较2024年同期的约人民币942.6 百万元相比增加不少于人民币150.0百万元；及(ii)在各业务板块推动精细化费用管理措施及流程优化， 并通过数字化提升运营效率，从而实现本期间合计运营费用较2024年同期约人民币138.9百万元相比减 少不少于人民币20.0百万元。董事会及公司管理层对集团的业务发展及长期前景保持信心，并将致力于 在这积极势头的基础上，实现可持续增长，为股东及公司其他持份者创造持久价值。 ...

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告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 LX Technology Group Limited 凌雄科技集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2436） 本公司董事（「董事」）會（「董事會」）欣然知會本公司股東（「股東」）及潛在投資 者，根據董事會就本集團截至2025年6月30日止六個月（「本期間」）之未經審核 綜合管理賬目的初步審閱及董事會現時可得的其他資料，集團預計本期間將 錄得不超過人民幣5.0百萬元的淨利潤，較2024年同期約人民幣40.6百萬元的淨 虧損顯著改善。據董事會所知，本期間顯著由虧轉盈主要(i)得益於集團持續拓 展服務規模，本期間收入較2024年同期的約人民幣942.6百萬元相比增加不少於 人民幣150.0百萬元；及(ii)在各業務板塊推動精細化費用管理措施及流程優化， 並通過數字化提升運營效率，從而實現本期間合計運營費用較2024年同期約人 民幣138.9百萬元相比減少不少於人民幣20.0百萬元。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02436 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 353,259,000 | | | 0 | | 353,259,000 | | 增加 / 減少 (-) | | | | 0 | | 0 | | | | 本月底結存 | | | 353,259,000 | | | 0 | | 353,259,000 | 公司名稱: 凌雄科技集團有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月4日 I. 法定/ ...

Core Viewpoint - Lingxiong Technology Group Limited is actively contributing to rural education in Guangdong by donating teaching computers to schools, demonstrating its commitment to social responsibility and sustainable development in the DaaS industry [1][2] Group 1: Company Initiatives - Lingxiong Technology has donated a batch of teaching computers to Luhua Future School in Guangdong, continuing its support for rural education after a previous donation in March [1] - The company is recognized as a leading DaaS provider in China, focusing on high-quality development and social contributions through various initiatives [2] - The donation aims to enhance the school's information technology teaching capabilities and promote educational development in the mountainous areas of eastern Guangdong [1] Group 2: Industry Position - As the largest enterprise-level DaaS supplier in China, Lingxiong Technology has developed a comprehensive digital DaaS service model, offering services such as device subscription, IT technology subscription, and equipment recycling [2] - The company has helped thousands of enterprises achieve cost reduction and efficiency improvement through its innovative services [2] - Lingxiong Technology emphasizes the importance of a circular economy and has significantly increased the utilization rate of IT equipment through advanced remanufacturing technology [2]

Core Viewpoint - The company, Lingxiong Technology, has evolved from a small stall in Huaqiangbei to a leading player in the DaaS (Device as a Service) market, with a focus on IT office equipment services and a growing emphasis on AI computing power rental as a second growth engine [1][2][3]. Group 1: Company Growth and Market Position - Lingxiong Technology has established a nationwide service network covering 19 key cities in China, with a total device subscription exceeding 6.17 million units [1][4]. - The company operates in a "long slope, thick snow" market, indicating a steady growth trajectory despite short-term market fluctuations [3][4]. - The DaaS market in China has a penetration rate of only about 5%, suggesting significant growth potential as the company aims to serve a larger portion of the over 58 million small and medium-sized enterprises (SMEs) in the country [4][5]. Group 2: Business Model and Revenue Streams - The DaaS model combines device subscription, IT services, and recycling, allowing for full lifecycle management of IT assets [12][21]. - The company has maintained a double-digit compound annual growth rate (CAGR) even during challenging periods, with expectations for continued revenue growth in 2024 [5][16]. - Lingxiong Technology's strategy includes expanding service offerings based on customer needs, such as introducing AI computing power rental services [6][21]. Group 3: Competitive Advantages and Market Strategy - The company emphasizes "service density," "customer stickiness," and "cost advantages" as key competitive factors in the AI computing power rental market [9][10]. - Lingxiong Technology has established partnerships with strategic investors like JD.com and Tencent, enhancing customer acquisition and operational efficiency [4][14]. - The company aims to deepen market penetration by increasing service density within existing customer bases rather than pursuing rapid geographic expansion [21][22]. Group 4: Future Outlook and International Expansion - The company plans to serve 100,000 enterprises and reach 1 million device subscriptions within three years, with a long-term goal of serving 1 million enterprises [23][24]. - Lingxiong Technology is exploring international expansion, primarily by following its clients abroad, which minimizes risk [24][25]. - The company recognizes the importance of data in AI applications and is focused on enhancing its digital transformation to support future growth [7][11].

Core Viewpoint - The revaluation of Chinese technology assets has become a central theme in the market since the beginning of the year, with Lingxiong Technology being highlighted for its unique business model and potential value growth in the context of this trend [1] Group 1: Technology Barriers and Potential Value Revaluation - Lingxiong Technology operates as a leading service provider in the Device as a Service (DaaS) industry, focusing on IT equipment operation and management, which aligns with the increasing market demand for resource efficiency and cost reduction [2] - The company integrates cutting-edge technologies such as big data and AI into its operations, enhancing resource allocation and improving equipment utilization rates, thereby increasing its competitive edge [2][3] - Lingxiong Technology has played a significant role in drafting multiple industry and national standards, indicating its technological leadership and influence in the sector [3] Group 2: Scale Effect Driving Profit Structure Optimization - The business model of Lingxiong Technology, which encompasses the entire lifecycle management of equipment, exhibits clear scale effects, leading to a reduction in unit costs as business volume increases [4] - The company reported an average revenue contribution of 69,200 yuan per equipment recycling customer in 2024, reflecting a 6.5% year-on-year increase [5] - As equipment depreciation periods end, the company expects a significant reduction in operational costs, which will enhance its profit margins [5] Group 3: ESG Premium Yet to Be Realized - Lingxiong Technology's business model aligns with environmental protection and sustainable development, contributing to significant carbon reduction, with over 83,700 tons of net carbon reduction reported in 2024 [6][7] - The company is well-positioned to benefit from favorable policies promoting carbon neutrality and resource recycling, which supports its business growth [7] - The market has not fully recognized the company's contributions to ESG, indicating a potential undervaluation that could lead to future revaluation as awareness increases [7]

Core Insights - 2025 is anticipated to be the "commercialization year of AI agents," with the global IT industry undergoing a value reassessment driven by AI computing power demand [1] - The DaaS (Device as a Service) model is emerging as a crucial player in the IT equipment innovation cycle, addressing the challenges posed by skyrocketing computing power needs and rapid hardware updates [2][3] Industry Trends - The global IT industry is projected to grow at 9% in 2025, significantly outpacing the global GDP growth of 3% [1] - Major companies like Tencent and Alibaba are investing heavily in computing infrastructure, indicating a new cycle of IT equipment innovation [1] - The rapid iteration of AI models is increasing the demand for computing power, creating a dilemma for enterprises regarding ROI and hardware investments [2] DaaS Model Advantages - The DaaS model offers flexible deployment options, alleviating cash flow pressures for enterprises by allowing them to rent rather than purchase equipment [4] - Companies like Lingxiong Technology report that their DaaS services can save clients up to 97.4% in initial investment compared to traditional purchasing methods, and 30% in total costs over three years [4] - DaaS providers are positioned to help enterprises manage the challenges of hardware iteration cycles and budget constraints, enabling a "use without ownership" operational model [7] Environmental and Economic Impact - The DaaS model supports a circular economy by managing the entire lifecycle of devices, including leasing, recycling, refurbishing, and reselling [8][9] - Lingxiong Technology's ESG report indicates that their refurbishment efforts contributed to a net carbon reduction of over 83,700 tons in 2024 [10] - The establishment of national standards for second-hand electronic products is expected to enhance trust and promote the development of the circular economy [12] Market Growth Potential - The DaaS market in China is expected to grow at a compound annual growth rate of over 30%, potentially exceeding 100 billion yuan by 2025 [14] - DaaS companies are likely to attract more capital as ESG considerations become increasingly important in investment evaluations [17] - The shift towards service-based IT infrastructure is predicted to accelerate, with 65% of IT investments expected to transition to service models by 2026 [18]

Core Viewpoint - The article emphasizes the importance of sustainable development and the role of leading companies in the DaaS (Device as a Service) industry, particularly focusing on the initiatives taken by Lingxiong Technology to promote green and low-carbon economic practices [1][2]. Group 1: Sustainable Development Initiatives - Lingxiong Technology hosted a forum on World Environment Day to discuss new models and paths for green low-carbon economy, highlighting the significance of technological innovation and collaboration in achieving sustainability [1]. - The company aims to reduce carbon emissions significantly, with a target of net carbon reduction of over 83,000 tons in 2024, reflecting the growing emphasis on sustainable practices in the IT equipment sector [2]. Group 2: Circular Economy and DaaS Model - Lingxiong Technology integrates circular economy principles into its business strategy, offering a comprehensive lifecycle management model that includes equipment recovery, subscription services, and IT technology services [3]. - The company recycles over a million second-hand IT devices annually from top internet firms in China, extending the lifespan of refurbished devices by 3 to 5 years, which contributes to significant reductions in carbon emissions [3]. Group 3: Industry Standards and Collaboration - The DaaS industry in China is experiencing steady growth, with a compound annual growth rate exceeding 32%, and is projected to surpass 100 billion yuan by 2025, necessitating collaborative efforts for sustainable development [4]. - Lingxiong Technology has taken the lead in establishing industry standards, including the first national standard for office computer recycling and reuse, which enhances market transparency and promotes resource recycling [5]. - The company emphasizes the need for cross-industry collaboration to integrate sustainability into product design and establish trust mechanisms in second-hand markets, advocating for a collective effort to turn green initiatives into actionable solutions [5].

Core Viewpoint - Lingxiong Technology (02436.HK) has reported a record revenue of approximately 2.372 billion RMB for 2024, marking a year-on-year growth of about 32.3%, showcasing its resilience in a challenging macroeconomic environment [1] Group 1: Financial Performance - Revenue for 2024 reached approximately 2.372 billion RMB, a year-on-year increase of 32.3% [1] - Gross profit increased by 33% to approximately 196 million RMB [1] - Adjusted EBITDA grew by 17.6% to approximately 283 million RMB [1] - Equipment recycling business revenue rose by 42.7% to approximately 1.836 billion RMB [2] - Equipment subscription service revenue increased by 9.1% to approximately 380 million RMB [2] - Total equipment subscription volume grew by 7.5% to approximately 6.176 million units [2] Group 2: Business Model and Strategy - The DaaS business model demonstrates strong resilience and operational excellence, allowing the company to navigate complex economic cycles [1][3] - Lingxiong Technology focuses on enhancing customer service and experience, which is crucial for maintaining its competitive edge [1][3] - The company has built a closed-loop DaaS ecosystem that generates significant synergies and supports its subscription services [3] Group 3: Digital Transformation and Innovation - Lingxiong Technology is advancing its digital transformation, enhancing operational efficiency through a fully integrated digital chain [4] - The launch of the Xiaoxiong Ubao APP improves internal operational efficiency by facilitating customer maintenance actions [4] - The integration of AI technology is expected to significantly enhance customer service efficiency and quality [4][5] Group 4: Market Outlook and Growth Potential - The DaaS industry is experiencing a favorable window of opportunity due to increasing enterprise demand and supportive government policies [6][7] - The market penetration rate for DaaS services is projected to rise from approximately 5% to 10% over the next five years [7] - Lingxiong Technology is well-positioned to benefit from the anticipated growth in the DaaS market, with significant potential for revenue and profit expansion [7]