Core Viewpoint - The announcement from Hongjing Technology reveals that the company has been procuring NVIDIA chips through a related party, Deepbo Information, which is controlled by the spouse of a senior executive, raising questions about the nature of the transactions and the company's disclosure practices [1][2][5]. Group 1: Company Transactions - Hongjing Technology announced a procurement of NVIDIA chips worth 55.368 million yuan from Deepbo Information between October 1, 2023, and December 31, 2023 [1][2]. - The company reported a significant increase in its orders for 2024, achieving 2.317 billion yuan, a year-on-year growth of 113% [2]. - Deepbo Information is described as an elite partner of NVIDIA and has a history of partnerships with major tech companies like IBM and Microsoft [2]. Group 2: Executive Relationships - The executive involved is Xu Chi, who serves as both a director and vice president of Hongjing Technology, and his spouse, Qiu Zhibin, is the largest shareholder of Deepbo Information [1][3]. - Xu Chi has been with Hongjing Technology since 2002 and has held various positions, indicating a long-standing relationship with the company [3]. Group 3: Market Conditions and Procurement Strategy - Hongjing Technology stated that due to geopolitical factors, high-performance servers and chips have been in short supply, necessitating the use of Deepbo Information for procurement [4]. - The company indicated that the transaction was essential due to the urgency and confidentiality required in the current market conditions [4]. - The procurement through Deepbo Information was a strategic decision to navigate regulatory constraints imposed by NVIDIA's home country [4]. Group 4: Disclosure and Compliance Issues - Hongjing Technology previously did not recognize Deepbo Information as a related party in its IPO prospectus, which has raised concerns about its internal compliance and disclosure processes [5]. - The company acknowledged that the identification of Deepbo Information as a related party was only discovered during a recent internal review [5].
算力热门股宏景科技为何至今才发现是关联方