Core Viewpoint - Lingxiong Technology (2436.HK) experienced a significant increase of over 31%, reaching a peak of 10 HKD, marking a new high since September 2023. This surge is linked to the first New Leasing and New Economy Conference held on December 25, which focused on the core values of the new leasing economy in supporting small and medium-sized enterprises (SMEs) [1]. Group 1: Industry Insights - The conference emphasized the theme of "cultivating new productive forces in the service industry to assist SMEs in light asset operations," highlighting the importance of the new leasing economy driven by technology, resource efficiency, and green cycles [1]. - Two key group standards were released during the conference: "IT Equipment Leasing Service and Process Specifications" and "IT Equipment Leasing Service Quality Evaluation," which aim to enhance service quality in the leasing sector [1]. - A signing ceremony for the "DaaS Service Empowering SMEs Pilot" was held, alongside an exhibition showcasing solutions for light asset operations for SMEs [1]. Group 2: Company Positioning - Lingxiong Technology's long-term focus on the DaaS model exemplifies a representative case of the new leasing economy, providing a digital closed-loop service for the entire lifecycle of IT equipment [1]. - The company's standardized and platform-based operations effectively enhance equipment turnover efficiency and usage value, making it a reliable choice for SMEs seeking light asset and high-efficiency operations [1].

Core Viewpoint - Lingxiong Technology (2436.HK) experienced a significant increase of over 31%, reaching a peak of 10 HKD, marking a new high since September 2023 [1] Group 1: Event Summary - The first New Leasing and New Economy Conference was held in Beijing on December 25, focusing on the theme of "Cultivating New Quality Productivity in the Service Industry to Support Light Asset Operations for SMEs" [1] - The conference highlighted the core values of the new leasing economy in terms of technology-driven, resource-intensive, and green circular economy [1] - Two key group standards were released: "IT Equipment Leasing Service and Process Specifications" and "IT Equipment Leasing Service Quality Evaluation" [1] Group 2: Industry Insights - The new leasing model aligns closely with the national goal of fostering "new quality productivity," characterized by "high technology, high efficiency, and high quality" [1] - Lingxiong Technology's long-term focus on the DaaS (Device as a Service) model exemplifies the new leasing economy, providing a digital closed-loop service for the entire lifecycle of IT equipment [1] - The standardized and platform-based operations of Lingxiong Technology effectively enhance equipment turnover efficiency and usage value, making it a reliable choice for SMEs to achieve light asset and high-efficiency operations [1]

Core Viewpoint - The company, Lingxiong Technology, has evolved from a small stall in Huaqiangbei to a leading player in the DaaS (Device as a Service) market, with a focus on IT office equipment services and a growing emphasis on AI computing power rental as a second growth engine [1][2][3]. Group 1: Company Growth and Market Position - Lingxiong Technology has established a nationwide service network covering 19 key cities in China, with a total device subscription exceeding 6.17 million units [1][4]. - The company operates in a "long slope, thick snow" market, indicating a steady growth trajectory despite short-term market fluctuations [3][4]. - The DaaS market in China has a penetration rate of only about 5%, suggesting significant growth potential as the company aims to serve a larger portion of the over 58 million small and medium-sized enterprises (SMEs) in the country [4][5]. Group 2: Business Model and Revenue Streams - The DaaS model combines device subscription, IT services, and recycling, allowing for full lifecycle management of IT assets [12][21]. - The company has maintained a double-digit compound annual growth rate (CAGR) even during challenging periods, with expectations for continued revenue growth in 2024 [5][16]. - Lingxiong Technology's strategy includes expanding service offerings based on customer needs, such as introducing AI computing power rental services [6][21]. Group 3: Competitive Advantages and Market Strategy - The company emphasizes "service density," "customer stickiness," and "cost advantages" as key competitive factors in the AI computing power rental market [9][10]. - Lingxiong Technology has established partnerships with strategic investors like JD.com and Tencent, enhancing customer acquisition and operational efficiency [4][14]. - The company aims to deepen market penetration by increasing service density within existing customer bases rather than pursuing rapid geographic expansion [21][22]. Group 4: Future Outlook and International Expansion - The company plans to serve 100,000 enterprises and reach 1 million device subscriptions within three years, with a long-term goal of serving 1 million enterprises [23][24]. - Lingxiong Technology is exploring international expansion, primarily by following its clients abroad, which minimizes risk [24][25]. - The company recognizes the importance of data in AI applications and is focused on enhancing its digital transformation to support future growth [7][11].