SG(SH:600734) Zheng Quan Ri Bao Wang·2025-11-26 11:39Core Viewpoint - Fujian Shida Group has clarified that it has not engaged in any business cooperation with Alibaba Cloud, despite rumors circulating online. The company's stock price has seen significant fluctuations, with a cumulative increase of 40% over four trading days from November 20 to 25, and it has hit the daily limit for five consecutive trading days [1]. Group 1: Business Operations - Fujian Shida Group focuses on big data business, including digital government, smart education, intelligent computing power, and data flow, involving system integration, operation, and software products [1]. - The company is actively advancing its investments and layout in the intelligent computing field, primarily undertaking computing center construction projects and developing computing scheduling platforms [1]. - Successful projects include the Kairong Cloud Intelligent Computing Center Phase I and the Gulou Intelligent Computing Center Phase II [1]. Group 2: Recent Acquisitions - On November 5, Fujian Shida Group announced plans to acquire 95% of Fujian Shuchan Mingshang Technology Co., which will become a subsidiary upon completion of the acquisition [2]. - The total investment for the intelligent computing center project by Shuchan Mingshang is 550 million yuan, with a computing power scale of 2000P, expected to be operational by September 2024 [2]. - The company has indicated that the formal agreements related to this transaction have not yet been signed, introducing uncertainty regarding the completion of the acquisition [2]. Group 3: Financial Performance - For the first three quarters of 2025, Fujian Shida Group reported revenue of 134.6 million yuan, primarily from its big data business, reflecting a year-on-year growth of 111.97% [2]. - The company reported a net loss attributable to shareholders of 87.57 million yuan, indicating it is still in a loss position [2]. - Company representatives have stated a commitment to improving operational performance, optimizing governance structures, enhancing operational efficiency, and increasing core competitiveness to create long-term value for shareholders [2].