算力黑马一字跌停，知名牛散精准埋伏及时离场

Core Viewpoint - The abrupt termination of a significant 36.9 billion yuan computing power service agreement by Hainan Huatie has led to a sharp decline in its stock price, raising concerns about the company's governance and the legitimacy of its business operations [1][4][7]. Group 1: Contract Termination and Market Reaction - Hainan Huatie announced the termination of a five-year computing power service agreement with a mysterious client, "Hangzhou X Company," which was initially expected to generate substantial revenue for the company [2][6]. - Following the announcement, Hainan Huatie's stock price fell by 10.02%, closing at 8.71 yuan, with over three million sell orders leading to a trading halt [4][6]. - The contract, which was supposed to bring in approximately 7 billion yuan annually, was signed in March but had not seen any delivery or performance over the past seven months [7][8]. Group 2: Historical Context and Financial Implications - Prior to the contract's announcement, Hainan Huatie's stock had already experienced significant price increases, with a 91.75% rise in February alone, indicating potential market manipulation or insider trading [6][11]. - The company's financial performance has been inconsistent, with revenues increasing from 26.07 billion yuan in 2021 to 51.71 billion yuan in 2024, but net profits fluctuating significantly [10][11]. - The termination of the contract raises questions about the company's risk management and governance, as it failed to disclose critical information regarding the contract's status and the identity of the client [8][10]. Group 3: Investor Sentiment and Future Outlook - The abrupt cancellation of the contract has led to skepticism among investors regarding the company's future in the computing power sector, especially given the lack of transparency surrounding the deal [7][11]. - Notable investors have already exited their positions, with one prominent shareholder reducing their stake significantly after the stock's rise [11][12]. - The company's attempts to pivot into the computing power market have not yielded substantial results, as evidenced by the low revenue contribution from this segment [10][11].