Core Viewpoint - Yuegang Bay Holdings (01396) has seen a significant stock price increase, reaching a new high since July 2017, following the release of its interim performance announcement, which highlights a strong turnaround in profitability and financial health [1] Financial Performance - The company's net profit attributable to shareholders turned from a loss of 1.028 billion yuan in 2024 to a profit of 970 million yuan in the first half of 2025 [1] - The asset-liability ratio decreased dramatically from 99% at the end of 2024 to 48% [1] - The interest-bearing debt ratio fell from 45% at the end of 2024 to just 7% [1] - Net assets increased 30 times from the beginning of the year to 3.05 billion yuan [1] Debt Restructuring - On May 7, 2025, the company successfully completed a debt-to-equity swap plan with a high approval rate of 98.33%, amounting to 440 million USD, becoming the first domestic property company to clear almost all of its offshore US dollar bonds [1] Strategic Acquisition - In late July 2025, the company announced plans to acquire shares in an AI computing power company for 977 million HKD [1] - The target group has been engaged in Internet Data Center (IDC) and Internet Service Provider (ISP) businesses since 2016 and expanded into AI services in the second half of 2024 [1] - The target group is positioned as a "green energy intelligent computing" service provider in China, focusing on AI-related services, including AI computing technology services, operation services, and comprehensive AI solutions [1]
粤港湾控股涨近15%创八年新高 公司实现化债破局 此前宣布拟收购AI算力企业