On May 21, GD-HKGBA Holdings fell 5.2% in regular trading, trading at HK$17.34/share, with trading volume of approximately HK$56.33 million.

The decline comes as profit-taking pressure resurfaces ahead of the company's official name change to \"GBA AI Computing\" effective May 22. The stock had surged approximately 56% in a single week previously, driven by AI computing power transformation, Doubao monetization news, and the renaming catalyst. On the prior trading day, shares jumped over 10% as the name change date approached, but with the positive catalyst now fully priced in, selling pressure has re-emerged.

The company completed its acquisition of Tiandun Data last October, with AI computing business contributing 61.5% of total revenue at approximately RMB 6.17 billion. Full-year net profit reached RMB 73 million, achieving a turnaround from losses. However, analysts note the profit recovery primarily relied on non-recurring gains including approximately RMB 145 million in debt restructuring benefits, and the company remains in operating loss on a stripped basis, raising concerns about valuation sustainability at a static P/E of approximately 84.6x.

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