Bingo Software (SH:688227) Quan Jing Wang·2026-01-26 10:58Core Viewpoint - Pingao Co., Ltd. (688227.SH) expects a net profit attributable to shareholders of -54 million to -44 million yuan for 2025, indicating a year-on-year reduction in losses by 10.06 million to 20.06 million yuan [1] Group 1: Financial Performance - The company anticipates a net cash flow from operating activities of 24 million to 36 million yuan for 2025, representing a significant year-on-year increase of 121.27% to 131.90% [1] - The improvement in performance is attributed to enhanced customer payment management, leading to a reduction in credit impairment losses, and ongoing cost reduction and efficiency enhancement efforts, resulting in a decrease in period expenses [1] Group 2: AI Strategy and Product Development - The company has actively advanced its AI computing power strategy, achieving notable results, including recognition as one of the Top 20 AI commercial infrastructure service providers in China for 2025 [1] - The upcoming launch of the AI Station liquid-cooled AI workstation series, featuring the Jiangyuan D20 AI accelerator card, aims to meet diverse computing power needs [1] - In 2026, Jiangyuan Technology plans to introduce the T800 large model training and inference AI chip, targeting large-scale AI model training scenarios and providing essential autonomous computing power support for enterprise-level model development and industry AI infrastructure [1] Group 3: Strategic Partnerships - In November 2025, the company completed a strategic cooperation with Jiangyuan Technology involving a capital increase of 400 million yuan and a share transfer of 500 million yuan, with compliance review and transfer already completed [2]