Core Viewpoint - Hongjing Technology Co., Ltd. is shifting its strategic focus towards computing power services, moving away from its traditional smart city solutions, which is reflected in its recent fundraising efforts and significant revenue growth in the computing power sector [1][4]. Group 1: Fundraising and Investment Plans - Hongjing Technology plans to issue up to 46.0553 million shares to no more than 35 specific investors, raising a total of no more than 1.354 billion yuan [1]. - The company intends to allocate 1.054 billion yuan of the raised funds to the "Intelligent Computing Power Cluster Construction and Operation Project," which includes the procurement of high-performance computing servers [2]. Group 2: Business Transformation and Revenue Growth - The company has transitioned from being a smart city solution provider to focusing on computing power, achieving revenue of 116 million yuan from its intelligent computing center in 2023 [4]. - In 2024, the company signed computing power contracts worth 1.338 billion yuan, with projected revenue of 466 million yuan, marking a year-on-year increase of 302.38% [4]. - By the first half of 2025, the computing power business revenue surged to 1.084 billion yuan, accounting for 91.2% of total revenue, with contract amounts reaching 3.303 billion yuan [4]. Group 3: Market Position and Challenges - The rapid business transformation has led to a significant turnaround in performance, with a net loss of 9.63 million yuan in the first half of 2024 turning into a net profit of 60.28 million yuan in the same period of 2025, a year-on-year growth of 725.73% [5]. - The company has established projects in the Guangdong-Hong Kong-Macao Greater Bay Area and has a diverse client base, including government, universities, and major tech companies [5]. - The computing power industry is experiencing intense competition, with leading cloud service providers holding over 60% market share, posing challenges for Hongjing Technology as it enters the market as an "integrated operator" [5].
宏景科技披露13.5亿定增方案，豪赌算力转型