Core Viewpoint - The potential acquisition of Yangdian Technology by Hantang Cloud Intelligence, controlled by Nie Kunlin, is expected to create a new listed company in the intelligent computing sector in Sichuan [1][4]. Company Overview - Hantang Cloud Intelligence is a wholly-owned subsidiary of Sichuan Hantang Cloud Information Technology Co., which is backed by state-owned enterprises from Sichuan, Ya'an, and Shenzhen [4]. - Hantang Cloud Information was established in December 2020 and has received multiple honors, including being recognized as a "Little Giant" enterprise and a national high-tech enterprise [4]. - The company operates over 4,000 server cabinets across several cities, including Beijing, Guangzhou, and Chengdu [4]. Share Transfer Details - The share transfer process involves two phases, with the first phase already completed and the second phase planned for after the lock-up period of the shares held by the current major shareholders [6][9]. - The second phase will see the transfer of 25,522,956 shares, representing 12.96% of the total share capital of Yangdian Technology, to Hantang Cloud Intelligence [9]. Financial Performance of Yangdian Technology - Yangdian Technology reported a significant increase in revenue, achieving 1.333 billion yuan in 2024, a year-on-year growth of 131.88% [11]. - The net profit attributable to shareholders reached 70.3446 million yuan, marking a staggering increase of 939.68% compared to the previous year [11][13]. - In the first quarter of 2025, the company generated 327 million yuan in revenue, with a net profit of 15.1018 million yuan, reflecting growth rates of 40% and 19.2%, respectively [11]. Industry Context - Sichuan ranks among the top provinces in China for computing power development, with intelligent computing expected to increase from 35% in 2024 to over 60% by 2027 [14]. - The China Ya'an Big Data Industrial Park, where Hantang Cloud Information is located, is a key hub for the big data industry in Sichuan, covering 542 acres with an investment of 15 billion yuan [14]. - Sichuan is recognized as a critical node in the "East Data West Computing" initiative, housing one of the top ten supercomputing centers globally and ranking seventh in the national computing power development index [14].

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