Core Viewpoint - Weisheng Holdings' ADO business is entering a rapid growth phase driven by strong demand in the data center sector, with the recent strategic investment from Boyu Capital expected to enhance business expansion and market competitiveness [1][2]. Group 1: Business Development - Weisheng Holdings announced that its subsidiary, Weiyuan Energy, has introduced strategic investor Boyu Capital, which will invest a total of RMB 380 million for 48.81 million new shares, representing approximately 8% of Weiyuan Energy's expanded share capital [1]. - The partnership with Boyu Capital is anticipated to leverage Boyu's extensive resources in data centers, technology, and new energy sectors, facilitating global expansion and enhancing operational capabilities [1][2]. - The ADO business, primarily involving power supply for domestic telecom operators and internet companies, as well as overseas data center operations, is expected to benefit significantly from the explosive growth in AI and data center demand [1][2]. Group 2: Financial Projections - The company has secured strategic orders from major clients such as GDS and ByteDance, with data center orders expected to reach RMB 2.3 billion by 2025, and RMB 1 billion anticipated to be recognized as revenue this year [2]. - The ADO business is projected to experience a doubling of both orders and revenue in the coming year, indicating a robust growth trajectory [2]. - The company maintains a "Buy" rating and has raised the target price to HKD 19.58, with net profit growth forecasted to exceed 30% for both 2025 and 2026, driven by strong demand in the data center sector [3].
威胜控股(3393.HK)：ADO引入战略股东 数据中心推动快速发展