Hong Kong stock market movement: GBA AI COMP (01396) rose nearly 4% in late trading. As of press time, the stock was up 3.96% at HK$10.76, with a turnover of HK$32.536 million.

Open Source Securities recently stated that the supply-demand gap for computing power continues to widen, and the prosperity of the computing power leasing industry is on the rise. GBA AI COMP's interim financial report shows that during the period, its AI business generated revenue of RMB 2.383 billion, accounting for 93% of total revenue; its computing power orders in hand exceed RMB 37 billion, demonstrating strong fulfillment capability.

This means that after completing the acquisition and merger of Tiandun Data, the company has fully transformed into an "AI intelligent computing technology service provider and ecosystem building platform." Its half-year results exceeded expectations, confirming that the company's AI intelligent computing business transformation has been highly effective.

It is worth noting that GBA AI COMP has completed several preliminary actions during the year, including inclusion in the MSCI China Small Cap Index, a name change, and adjustment of its Hang Seng industry classification. It is expected to be included in the Stock Connect program in the first quarter of 2027. Management anticipates that after Stock Connect inclusion is realized, trillions of southbound capital will reprice the company's computing power assets, and the market will gradually evaluate the company's value using the logic of a full-stack AI computing infrastructure service provider.