出售券商股权“回血”，锦龙股份拟收购智算服务企业

Core Viewpoint - Jinlong Co., Ltd. is shifting its focus towards acquiring intelligent computing service companies to accelerate its business transformation after facing years of losses and increasing debt pressure [1][3]. Group 1: Acquisition Plans - On July 23, Jinlong announced its intention to acquire a 29.31% stake in Shenzhen Benmao Technology Co., Ltd. to expedite its business transformation [1][3]. - The acquisition is expected to enhance Jinlong's revenue and profitability, creating more value for the company and its shareholders [3]. - Shenzhen Benmao, established in 1997, specializes in the full industry chain services related to intelligent computing centers, with total assets of 1.978 billion and net assets of 485 million as of the end of 2024 [3]. Group 2: Financial Performance and Debt Issues - Jinlong has been facing continuous losses, with net profits of -131 million, -392 million, -384 million, and -89 million from 2021 to 2024 [6]. - The company's debt-to-asset ratio has been increasing, reaching 81.09% in 2024 [6]. - To alleviate financial pressure, Jinlong has been selling its stakes in brokerage firms, having completed the sale of 20% of Dongguan Securities for 2.272 billion [7]. Group 3: Previous Projects and Developments - Jinlong previously planned to invest in building an intelligent computing center with a total investment of no more than 1 billion, but there have been no recent updates on this project [4][5]. - The company had to terminate the sale of its stake in Zhongshan Securities to avoid potential operational issues [6].