NYOCOR Co.,Ltd.(SH:600821)2026-02-28 02:45Company and Industry Summary Company Overview - The company primarily operates in the renewable energy generation sector, focusing on collecting electricity fees. The majority of its revenue comes from green electricity business. [1] Core Insights and Arguments 1. The company's main business has experienced a significant decline in profits due to falling electricity prices and volumes last year. However, there is a strong outlook for future growth as the installed capacity for renewable energy generation continues to increase, with potential for more than double growth. [1] 2. The company is actively following the "Electricity + Computing Power" trend by expanding into related businesses: - Computing Power Leasing: The subsidiary, Jinkai Yiw, has signed a contract with Wuwen Xinqiong to provide artificial intelligence computing power services, offering 2000 petaflops of computing power leasing services (investment of 10 billion). This project is already operational and generating revenue, with other projects currently in discussions with major companies. [1] - IDC (Internet Data Center): The company is observing the areas around Shanghai and Beijing for potential development, pursuing both self-built and external expansion strategies. The company's advantages in electricity supply are expected to stand out compared to other IDC providers. [1] Additional Important Content - The company’s revenue model is heavily reliant on green electricity, indicating a strong alignment with global trends towards renewable energy. [1] - The strategic move into computing power services reflects an adaptation to market demands and technological advancements, potentially positioning the company favorably in a growing sector. [1]