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]