LX Technology (02436) surged more than 31% again, with its share price doubling over the past two trading sessions. As of the time of writing, the stock was up 31.41%, trading at HK$10.

The surge comes amid recent comments from Hu Zuoxiong, Chairman of LX Technology's Board and founder of Xiaoxiong U Zu, who stated in an exclusive interview that the penetration rate of China's DaaS market is expected to reach an inflection point within the next five years.

As a leading enterprise in the DaaS industry, LX Technology will maintain its strategic focus, continuously transform positive market dynamics into development opportunities, drive improvements in operational quality and efficiency, and achieve multi-dimensional release of business growth momentum, thereby promoting the company's high-quality development.

It is reported that as a top company in the DaaS sector, LX Technology's core business revolves around the full lifecycle management of IT equipment, having established a comprehensive service chain system covering "IT equipment recycling — IT equipment subscription (leasing) — IT technical maintenance — equipment management SaaS (software-as-a-service)."

This model fundamentally alters the traditional "one-time purchase, one-time use" approach to IT equipment, achieving refined management and highly efficient recycling of equipment resources. In 2024, the company's equipment subscriptions reached 6.176 million units.