Core Viewpoint - The company, Hongjing Technology, confirmed that its computing power project is progressing normally as per the project timeline [1] Group 1 - The company is actively engaging with stakeholders through its interactive platform [1] - The announcement indicates a positive outlook on the company's project execution [1]

Core Viewpoint - The company confirmed that its computing power projects are progressing normally and are on track for delivery and execution this year [2] Group 1 - Investors inquired about the normal delivery and execution of computing power orders for the current year [2] - The company stated that its computing power projects are being carried out according to the project schedule [2] - There is a focus on whether the company's future computing power supply will meet market demand [2]

Core Viewpoint - The recent financial report of Hongjing Technology (301396) shows significant growth in revenue and net profit for the first half of 2025, indicating a strong performance driven by increased computing projects, despite a notable rise in inventory levels and a decrease in gross margin [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 1.188 billion yuan, a year-on-year increase of 567.14% compared to 178 million yuan in 2024 [1]. - Net profit attributable to shareholders was 60.28 million yuan, up 725.73% from a loss of 9.63 million yuan in the previous year [1]. - The gross margin decreased to 12.13%, down 48.02% year-on-year, while the net margin improved to 5.08%, a 191.34% increase [1]. - The total of selling, administrative, and financial expenses was 37.30 million yuan, accounting for 3.14% of revenue, a significant decrease of 81.57% [1]. - Earnings per share rose to 0.39 yuan, a 725.32% increase from a loss of 0.06 yuan [1]. Cash Flow and Debt Analysis - The company reported a significant increase in financial expenses, with a change of 360.77% due to increased borrowing and interest expenses [3]. - The net cash flow from operating activities increased by 119.3%, attributed to the recovery of project payments [3]. - The net increase in cash and cash equivalents showed a decline of 578.85%, primarily due to increased purchases of long-term assets [3]. Investment and Market Position - The company has a median ROIC of 18.94% since its listing, although the worst year recorded a ROIC of -4.08% in 2024 [2]. - The largest fund holding in Hongjing Technology is the Yongying Digital Economy Mixed Fund, which has shown a significant increase in value over the past year [4].

Core Viewpoint - Hongjing Technology (301396.SZ) reported a significant increase in revenue and net profit for the first half of 2025, driven by the growth in computing power projects [1] Financial Performance - The company's operating revenue reached 1.188 billion yuan, representing a year-on-year growth of 567.14% [1] - The net profit attributable to shareholders was 60.28 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 59.34 million yuan [1] - Basic earnings per share were 0.3927 yuan [1] Dividend Distribution - The company plans to distribute a cash dividend of 0.5 yuan (including tax) for every 10 shares to all shareholders [1] Growth Drivers - The increase in operating revenue is primarily attributed to the expansion of computing power projects [1]

Core Viewpoint - Hongbo Co., Ltd. is expected to report a net profit of between 29.8 million and 44.2 million yuan for the first half of 2025, marking a significant turnaround from a loss of 39.56 million yuan in the same period last year due to the completion of the computing power project by its wholly-owned subsidiary, Beijing Yingbo Digital Technology Co., Ltd. [1] Financial Performance - The company anticipates a substantial increase in operating revenue compared to the same period last year, driven by the successful completion of the computing power project [1]. - The projected net profit range of 29.8 million to 44.2 million yuan indicates a positive shift in financial performance, moving from a previous loss to profitability [1]. Project Development - The completion of the computing power project by Beijing Yingbo Digital Technology Co., Ltd. is a key factor contributing to the company's improved financial outlook [1]. - This project is expected to enhance the company's operational capabilities and revenue generation potential [1].