青云科技-U股价异动上涨4.81%，算力板块走强与业绩减亏成主因

Market Environment - The stock price of Qingyun Technology-U (688316.SH) increased by 4.81% to 83.45 yuan, with a trading volume of 5.55 billion yuan and a turnover rate of 13.84% on February 11, 2026, driven by a favorable market environment [1] - The overall computing power leasing sector rose by 0.33%, outperforming the market, supported by expectations of increased demand for cloud services [1] - Omdia data indicates that the cloud infrastructure service market in mainland China is expected to grow by 24% year-on-year in Q3 2025, with AI demand driving a shift in cloud resource consumption towards production-level workloads [1] - There are market views suggesting that cloud computing may become the next link in the inflation transmission of the AI industry chain, leading to positive changes in the industry pricing environment [1] Company Fundamentals - The company is still in a loss position but shows a clear trend of reduced losses, with an expected net profit of -57.77 million yuan for 2025, a reduction of 37.99 million yuan compared to the previous year, representing a 39.67% decrease in losses [2] - The improvement in performance is attributed to systematic optimization of the business structure and cost reduction measures, particularly progress in the AI intelligent computing sector [2] Financial and Technical Aspects - On the day of the stock price movement, the net inflow of main funds was 3.39 million yuan, with large single fund inflows of 48.62 million yuan, indicating participation from major funds [3] - The stock price experienced a nearly 10% intraday fluctuation, reaching a high of 86.89 yuan, reflecting active market trading and intense bullish-bearish competition [3] Future Development - The company has indicated that a decline in future operating income or continued losses could lead to negative net assets, triggering a delisting risk warning [4] - The current price-to-earnings ratio (TTM) is negative, and the price-to-book ratio is relatively high, suggesting that investment should be assessed with caution regarding associated risks [4]