Core Viewpoint - BlueYun Technology Group Co., Ltd. is progressing with its IPO on the Beijing Stock Exchange, showcasing significant revenue growth but a slight decline in net profit [2][3]. Financial Performance - In 2024, the company achieved a revenue of 742.24 million yuan, representing a year-on-year increase of 81.69% [3][4]. - The net profit attributable to shareholders was 51.20 million yuan, showing a slight decrease of 0.15% compared to the previous year [3][4]. - The gross profit margin for the period was 24.33%, down from 25.79% in the same period last year [4]. - Basic earnings per share decreased by 21.92% to 0.57 yuan from 0.73 yuan [4]. Contracts and Partnerships - In December 2024, BlueYun Technology signed a contract worth 1.391 billion yuan with China Mobile Communications Group Beijing Co., Ltd. for a duration of four years, focusing on providing computing resource integration, computing power optimization, and high-performance cloud services [5]. Company Background - Established in 2004, BlueYun Technology specializes in computing power solutions and GPU cloud services, with notable clients including Zhipu Huazhang and Aido Chao Yue [2]. - The actual controller, Li Jian, holds a 10.18% direct stake and enjoys a total voting power of 47.29% through his indirect holdings [2].

Core Viewpoint - The article highlights the rapid growth and potential of the computing power market, particularly focusing on the significant contract signed by BlueYun Technology, which could substantially boost its revenue and market position [2][3]. Group 1: Company Overview - BlueYun Technology, established in 2004 and listed on the New Third Board in 2017, has transitioned from traditional IT services to becoming a GPU computing power cloud service provider since 2020 [3]. - The company's revenue has seen a remarkable increase, growing from under 200 million to over 400 million in recent years, with a current market capitalization exceeding 1.5 billion [3]. Group 2: Major Contracts and Collaborations - BlueYun Technology's subsidiary, Beijing Sanyou Technology, signed a cloud service agreement worth 3.707 billion (including tax) with Company X, which is expected to significantly impact the company's financials [2]. - The company has also entered into several strategic partnerships with A-share companies, including a 1.39 billion contract with China Mobile Beijing and a 672 million contract with a joint venture with Zhejiang Wenhuan [4][5]. Group 3: Market Trends and Projections - The computing power service market is experiencing heightened interest due to the booming demand for AI and related technologies, with IDC predicting that China's intelligent computing scale will reach 1,037.3 EFLOPS by 2025 and 2,781.9 EFLOPS by 2028 [6]. - The overall market for intelligent computing services in China is projected to grow to 7.95 billion by 2025, with a compound annual growth rate of 57.3% from 2023 to 2028 [6].