Core Viewpoint - CaiXun Co., Ltd. plans to raise up to 1.46 billion yuan through convertible bonds to fund projects related to intelligent computing centers and enterprise-level AI applications, aiming to enhance its core technology and support the high-quality development of AI applications in the digital economy [1][2]. Fundraising and Project Details - The company intends to allocate 70.89% of the raised funds, approximately 1.035 billion yuan, to the intelligent computing center project, which will add about 12,000 P (computing power unit) over a two-year construction period [2]. - The Rich AIBox platform upgrade project will receive 131 million yuan for development over three years, focusing on intelligent agent development and data governance tools [2]. - The enterprise-level AI intelligent agent application development project plans to invest 294 million yuan over three years to create applications such as AI voice agents and intelligent marketing [2]. Financial Performance - CaiXun has shown steady growth, with revenue increasing from 887 million yuan in 2021 to 1.652 billion yuan in 2024, representing an 86.25% increase, and net profit rising from 149 million yuan to 230 million yuan, a 54.36% increase [4]. - In the first three quarters of 2025, the company achieved revenue of 1.341 billion yuan, a year-on-year increase of 10.81%, and a net profit of 196 million yuan, up 0.61% [4][5]. - The company's three core product lines—intelligent channel, intelligent computing services, and data intelligence—have contributed to a stable revenue growth matrix [5]. Market Response and Stock Performance - The company's strategic focus on AI has received positive feedback from the secondary market, with its stock price increasing by over 35% since the beginning of the year, driven by the popularity of AI applications [6].