Group 1 - The core point of the article is that Hongjing Technology (301396) has disclosed a response report to the inquiry letter regarding its private placement of shares, which is subject to approval by the Shenzhen Stock Exchange and registration by the CSRC, leading to uncertainty about the final approval and timing [1] - The company plans to raise no more than 1.29 billion yuan, primarily for the construction and operation of intelligent computing power clusters (990 million yuan) and to supplement working capital (300 million yuan) [1] Group 2 - Following the disclosure of the inquiry response on February 9, the stock price increased by 2.53% to 92.35 yuan, and by February 13, it had risen by a total of 6.82% to 98.65 yuan, with a price fluctuation of 23.64% during this period [2] - The market is focused on the company's high growth in computing power services, which generated revenue of 1.33 billion yuan from January to September 2025, accounting for 85.68% of total revenue, and the backlog of orders amounting to 2.615 billion yuan as of the end of November 2025 [2] - The company's valuation is currently high, with a TTM price-to-earnings ratio of 241.84 times [2] Group 3 - Future developments may be influenced by the pace of the private placement, the capacity absorption of the fundraising projects (the company claims that existing orders can cover the new computing power), and changes in market sentiment, which could continue to affect stock price volatility [3]
宏景科技定增问询函回复披露，股价波动加剧