Hong Kong Stock Alert | CSFG-NEW (00412) Surges Over 5% in Late Trading as Green Energy + Computing Power Synergies Accelerate, H1 Net Profit Soars Over 5-fold

Stock News
Sep 09

CSFG-NEW (00412) surged over 5% in late trading. As of press time, the stock was up 4.38% to HK$17.64, with trading volume reaching HK$98.76 million.

On the news front, CSFG-NEW's synergistic effects from its dual-drive strategy of "green energy + computing power" are beginning to accelerate their release. Financial data shows that CSFG-NEW achieved operating revenue of RMB 25.03 billion in the first half, with 96% coming from emerging industries. Net profit reached RMB 476 million, representing a dramatic 506% year-over-year increase.

In terms of asset structure, CSFG-NEW's total assets reached RMB 67.531 billion, with emerging industry assets totaling approximately RMB 51.976 billion, accounting for 76.97% of total assets.

Zhongtai Securities noted that based on the company's deepening layout in the AIDC industry and the synergistic effects brought by major shareholder Sango Group, the company's performance is expected to show rapid growth in the coming years. Among these, Sango New Energy, which contributes the main revenue growth, will benefit from the vigorous development of China's green energy market. Century Internet 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. Standard investment business is predicted to remain stable, while the risk exposure of non-standard investment business will gradually shrink.

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