Dawei Technology (Guangdong) Grou(SH:600589) Xin Lang Cai Jing·2026-02-12 20:33Core Viewpoint - The stock of Dawi Data Technology (Guangdong) Group Co., Ltd. experienced abnormal trading fluctuations, with a cumulative closing price increase exceeding 20% over two consecutive trading days, indicating potential market overreaction and risks of a rapid price decline [1][4]. Group 1: Stock Trading Abnormalities - The company's stock price increased by over 20% cumulatively on February 11 and 12, 2026, qualifying as an abnormal trading fluctuation [4]. - The latest rolling P/E ratio for the company is 428.01 times, and the P/B ratio is 26.30 times, significantly deviating from the industry averages of 46.83 times and 3.82 times, respectively [1][9]. Group 2: Business Operations - The company is currently operating normally, with no significant changes in its main business, which includes leasing standardized data centers and providing bandwidth, cabinet, and IP address rental services [2][5]. - As of September 30, 2025, the company reported a total revenue of 313.10 million yuan, with cabinet leasing contributing 246.40 million yuan and bandwidth and IP address services contributing 29.57 million yuan [2][5]. Group 3: Financial Performance - The company expects a net loss attributable to shareholders of the parent company for 2025 to be between -25 million yuan and -12.5 million yuan, with a net loss excluding non-recurring items projected between -130 million yuan and -80 million yuan [2][5]. - The asset-liability ratio as of the end of the third quarter was 76.41%, an increase of 10.52 percentage points year-on-year [2][5]. Group 4: Market Sentiment and Risks - There are concerns regarding the stock price being detached from the company's fundamentals, indicating potential irrational market speculation and the risk of a short-term price drop [3][7]. - The company has noted media reports linking it to the concept of computing power leasing, but the actual impact on revenue from this segment is minimal, contributing only 3.59% to total revenue [3][7].