SDHG (00412) surged over 4% in late trading session. As of press time, the stock was up 3.68% to HK$18.04 with trading volume reaching HK$105 million.

On the news front, SDHG plans to hold a board meeting on August 29 to consider and approve its interim results. It was reported that in May this year, Shandong Hi-Speed Group signed a strategic cooperation agreement with Huawei, aiming to jointly develop a new business model driven by "green computing + clean energy". As the only subsidiary under Shandong Hi-Speed Group with integrated computing industry operations, SDHG will serve as the main vehicle for exploring this cooperative business venture.

Zhongtai Securities previously noted that based on SDHG's deepening layout in the AIDC (AI Data Center) industry and the synergistic effects brought by major shareholder Shandong Hi-Speed Group, the company's performance is expected to show rapid growth in the coming years. Among the contributors, SDHG New Energy, which will provide the main revenue growth, is expected to benefit from the booming development of China's green electricity market. Meanwhile, 21Vianet will continue to benefit from artificial intelligence development and the advancement of the "Eastern Data, Western Computing" project, and is expected to contribute profit increments. The standard investment business is forecast to remain stable, while the risk exposure of non-standard investment business will gradually decrease.