渗透率提升 作为DaaS行业头部企业，凌雄科技的核心业务围绕IT设备全生命周期管理展开，构建了"IT设备回收—IT设备订阅（租 赁）—IT技术运维—设备管理SaaS（软件运营服务）"的全链条服务体系，彻底改变了传统IT设备"一次性购买、一次性使用"的 固有模式，实现了设备资源的精细化管理和高效循环利用，2024年其设备订阅量达617.6万台。 从全球范围看，DaaS并非新概念。在欧美市场，企业IT设备从一次性采购转向"按需订阅"已较为成熟。在中国，这一模式 仍处在加速渗透阶段。根据灼识咨询的预测，中国DaaS市场正快速增长，预计2026年市场规模将达到1382亿元，2021年至2026 年将维持约32%的年复合增长率。 "DaaS行业迎来前所未有的机遇窗口期。"胡祚雄表示，一方面，我国DaaS市场渗透率将在未来5年内迎来拐点，由如今的 5%左右上升到10%。届时，各市场经营主体的消费意识和习惯将会发生巨大变化，在配置IT办公设备时或将首选DaaS服务。 另一方面，我国DaaS市场规模将进入持续稳步增长快车道，未来仍将保持较高的年复合增长率。 在胡祚雄看来，企业主体数量的持续扩张，构成了DaaS需求的基本盘。2 ...

近日，由每日经济新闻主办的"2025中国上市公司口碑榜"正式揭晓。凌雄科技(02436.HK，小熊U租母 公司)从众多上市公司中脱颖而出，入选"港股最具投资潜力上市公司"。 作为资本市场极具公信力的年度评选，"中国上市公司口碑榜" 已连续举办十五届，本届评选以 "智创未 来 价值领航" 为主题，旨在遴选以科技创新引领产业变革、以卓越治理创造长期价值、在全球竞争中展 现韧性与影响力的标杆上市公司。 此次凌雄科技获评"港股最具投资潜力上市公司"，充分印证了凌雄科技在DaaS(Device as a Service，设 备即服务)行业的综合实力与高质量成长，也体现资本市场对凌雄科技投资价值与发展潜力的高度认 可。 据悉，作为我国最大的企业级DaaS服务商、DaaS行业第一股，凌雄科技近年来持续优化产品与服务， 在夯实优秀基本面的基础上，不断驱动经营质效持续进阶，用持续增长的经营业绩向资本市场传递其作 为行业龙头的长期投资价值。 数据显示，凌雄科技营收过去几年始终保持较高的年复合增长率，持续多年稳居行业第一。以2025年上 半年为例，凌雄科技营收同比增长约18.5%达11.17亿元，再创同期历史新高。 凌雄科技优异的 ...

Core Viewpoint - Lingxiong Technology, the first DaaS (Device as a Service) company listed in China, reported a significant improvement in its mid-year performance for 2025, indicating a positive trend in the DaaS market in China [1] Company Summary - Lingxiong Technology's revenue for the first half of the year increased by approximately 18.5% to 1.117 billion RMB [1] - Gross profit rose by about 9.7% to 102 million RMB [1] - The company achieved a net profit of approximately 5 million RMB, marking a turnaround from previous losses [1] - Adjusted profit reached about 18.645 million RMB, also indicating a return to profitability [1] - Adjusted EBITDA surged by approximately 38.5% to 194 million RMB [1] - Revenue from the equipment recovery business grew by 24.4% to around 848 million RMB [1] - Revenue from equipment subscription services increased by 4.5% to approximately 192 million RMB [1] - IT technology subscription services maintained steady growth, generating about 76 million RMB in revenue [1] - Total equipment subscriptions rose by 11.7% to approximately 3.475 million units [1] Industry Summary - The DaaS market in China is expected to experience a significant penetration increase from the current 5% to around 10% over the next five years [1] - The changing consumer awareness and habits regarding IT office equipment are anticipated to favor DaaS services as the preferred option [1] - The DaaS market in China is projected to enter a phase of sustained and steady growth, with Lingxiong Technology positioned as a leading player in this sector [1]

Core Insights - The article highlights the significant achievements of Shenzhen as a hub for innovation and economic development over the past 45 years, particularly emphasizing the rise of the DaaS (Device as a Service) industry and the role of Lingxiong Technology as a key player in this sector [1][2][4]. Company Overview - Lingxiong Technology, founded in 2004, evolved from a small second-hand computer sales business in Huaqiangbei to a leading company in the DaaS industry, focusing on IT equipment lifecycle management [2][3]. - The company has developed a comprehensive DaaS model that includes short-term and long-term equipment subscription services, equipment recycling, and IT management SaaS solutions, establishing itself as a pioneer in the digital and closed-loop DaaS business model in China [2][3]. Industry Growth - The DaaS model allows companies to reduce initial investment costs by up to 97.4% and save 30% on total costs over three years compared to traditional purchasing methods, thereby enhancing operational efficiency [3]. - The DaaS market in China has been growing at a compound annual growth rate of over 30%, with projections indicating it will exceed 100 billion yuan by 2025 and reach 138.2 billion yuan by 2026 [6]. Environmental Impact - Lingxiong Technology's DaaS model contributes to green development by promoting the recycling and reuse of IT equipment, achieving a net carbon reduction of over 83,700 tons in 2024 and extending the lifespan of 1.41 million refurbished devices [6]. Standardization and Credit System - The company is actively involved in establishing industry standards and a credit system to enhance the DaaS ecosystem, including the implementation of national standards for enterprise credit evaluation and recycling practices [5][6].

Group 1 - Lingxiong Technology Group Limited, a leading company in the Device as a Service (DaaS) industry, has donated teaching equipment to a primary school in Guangdong Province, marking an important initiative for corporate social responsibility [1][2] - The donation consists of 50 standardized computers and supporting facilities, which were refurbished from second-hand units using advanced IT remanufacturing technology [1][2] - The company has a history of contributing to rural education and digital infrastructure development across various regions in China, leveraging its DaaS service model and IT equipment remanufacturing capabilities [2] Group 2 - The donation event was attended by key figures including the chairman of Lingxiong Technology, highlighting the company's commitment to social engagement and gratitude towards community support [1][2] - Lingxiong Technology, as the parent company of Bear U Rental, has been recognized as a national-level specialized and innovative "little giant" enterprise, emphasizing its significant role in the industry [2] - The initiative aims to enhance educational resources in rural areas and support the broader goal of rural revitalization through technological innovation [2]