Core Viewpoint - Shida Group is making significant progress in its asset injection plan by announcing the acquisition of 95% of Shuchan Ming Shang for CNY 185 million, which is seen as a key move by its indirect controlling shareholder, Fujian Big Data Group [1][2] Group 1: Acquisition and Investment - On November 20, Shida Group held an extraordinary shareholders' meeting and approved the acquisition of 95% of Shuchan Ming Shang for CNY 185 million [2] - The total investment for the intelligent computing center project being developed by Shuchan Ming Shang is CNY 550 million, with a computing power scale of 2000P, expected to be completed and operational by September 2024 [2] - Following the acquisition, the company will participate in the operation and management of the project, providing intelligent computing solutions [2] Group 2: Business Performance and Strategy - Since 2022, Shida Group has transformed into the big data industry, focusing on areas such as digital government, smart education, AI computing infrastructure, and cross-border data services [4] - In the first three quarters of this year, the company reported a total revenue of CNY 134 million, representing a year-on-year increase of 111.97%, primarily driven by big data business revenue [4] - The company is actively pursuing strategic partnerships with regional partners to expand service coverage in computing power, AI, and big data [4] Group 3: Stock Performance - On November 25, Shida Group's stock opened with a rapid increase, hitting the daily limit and closing at CNY 5.59 per share, marking four consecutive trading days of limit-up [3] - The company attributes stock price fluctuations to multiple factors, including macroeconomic conditions, industry trends, and company performance [4]
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