Core Viewpoint - The A-share market shows positive momentum with significant gains in various sectors, particularly in the small metals, electric grid equipment, and semiconductor industries, while the film and gaming sectors are experiencing declines [3]. Market Performance - The Shanghai Composite Index rose by 0.12% to 4137.06, while the Shenzhen Component Index increased by 0.8% to 14274.93. The ChiNext Index saw a rise of 1.18% to 3323.56, and the STAR Market Index gained 0.93% to 1804.89 [4][12]. - Over 2700 stocks in the market experienced an increase by midday [3]. Sector Highlights - The electric grid equipment sector showed strong performance, with companies like Hailianxun rising over 18% and others reaching their daily limit [4]. - The shipping sector also performed well, with China Merchants Energy hitting its daily limit and achieving a historical high [5]. - The computing power leasing sector saw significant gains, with Yuke Technology hitting its daily limit and other companies like Dazhi Technology and Capital Online also rising [5]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets exceeded 1 trillion yuan [6]. Currency Movement - The offshore RMB against the US dollar broke the 6.9 yuan mark, indicating a strengthening of the currency [8]. Stock Movements - The film and cinema sector continued to adjust, with companies like Hengdian Film and Bona Film hitting their daily limit down [9]. - AI application stocks in the Hong Kong market showed strength, with Zhiyuan rising over 11% [10].

Core Insights - The A-share market saw a significant rally in computing power concept stocks, with notable gains from companies like UCloud (up over 14%) and others reaching their daily limit [1][2] - UCloud announced a price increase for its products and services starting March 1, 2026, due to rising costs in core hardware procurement and infrastructure driven by global supply chain disruptions [1] Stock Performance Summary - UCloud (688158) experienced a 14.09% increase, with a total market capitalization of 19.5 billion and a year-to-date gain of 52.47% [2] - Other notable performers included: - Dazhi Technology (600589) up 10% with a market cap of 20.6 billion and a year-to-date increase of 93.58% [2] - Jinkai New Energy (600821) up 9.97% with a market cap of 13 billion and a year-to-date increase of 27.65% [2] - Dongfang Guoxin (300166) up 7.48% with a market cap of 17 billion and a year-to-date increase of 46.18% [2] - Taicheng Light (300570) up 7.06% with a market cap of 32.4 billion and a year-to-date increase of 23.63% [2] - Other companies like Xiechuang Data (300857) and Shoudu Online (300846) also saw gains of over 6% [1][2]

Core Viewpoint - The A-share market saw a significant rise in computing power concept stocks, with notable gains from companies like UCloud and others, driven by an announcement regarding price adjustments due to rising costs in the global supply chain [1] Group 1: Stock Performance - UCloud (688158) experienced a rise of 14.09%, with a total market capitalization of 19.5 billion and a year-to-date increase of 52.47% [2] - Dazhi Technology (600589) increased by 10%, with a market cap of 20.6 billion and a year-to-date rise of 93.58% [2] - Jinkai New Energy (600821) saw a gain of 9.97%, with a market cap of 13 billion and a year-to-date increase of 27.65% [2] - Dongfang Guoxin (300166) rose by 7.48%, with a market cap of 17 billion and a year-to-date increase of 46.18% [2] - Taicheng Light (300570) increased by 7.06%, with a market cap of 32.4 billion and a year-to-date rise of 23.63% [2] - Other notable performers include Xiechuang Data (300857) up 6.86%, Shoudu Online (300846) up 6.22%, and Tianfu Communication (300394) up 5.96% [2] Group 2: Price Adjustment Announcement - UCloud announced a price increase for all products and services starting March 1, 2026, due to significant and structural increases in core hardware procurement and infrastructure costs [1]

Group 1 - Qingyun Zhican and TCL have developed a unified AI Infra platform, recognized as a leading enterprise in AI Infra for the 2025 China Big Data Industry [2][11] - The collaboration addresses challenges faced by TCL, such as fragmented computing resources and heterogeneous training environments, by providing a comprehensive solution across six dimensions [2][11] - Qingyun Technology and Dongyangguang Group's "New Manufacturing Intelligent Computing Base" has been awarded as an excellent case for digital transformation in 2025 [2][11] Group 2 - The Qingyun AI computing platform has significantly improved Dongyangguang's R&D efficiency, reducing the drug molecule design cycle from 18 months to 12 months, a 33% improvement [3][12] - Cost savings of 400 million yuan annually have been achieved through computing power optimization and process upgrades, with operational management costs reduced by over 30% [3][12] Group 3 - Qingyun Yunyi Jie v6.0 has been launched, redefining IT infrastructure with a combination of AI Infra 3.0 and virtualization core, aiming for industry standardization and ease of use [3][12] - The platform has transitioned to a cloud-native technology system, enhancing scalability and compatibility with existing cloud ecosystems [4][13] Group 4 - KubeSphere v4.2.1 has been released, focusing on multi-cluster governance, resource management, and heterogeneous infrastructure management [5][14] - New features include node group capabilities and enhanced resource elasticity through vertical pod autoscaling and event-driven scaling mechanisms [5][14] Group 5 - QCE-ImageFlow has been introduced as an independent deployment tool, allowing seamless image management and resource migration without dependency on specific cloud versions [6][15] - The tool offers six core capabilities, including one-stop management of multiple image formats and flexible image export options [6][15] Group 6 - Qingyun Technology has been recognized as one of the top ten cloud brands in the 2025 Xinchang series evaluation, reflecting its strong market presence [6][15] - Qingyun Zhican has been included in the New Growth TOP 30 list, highlighting its technological breakthroughs and potential for scaling [8][17]

近日，公司完成了工商变更登记手续并取得了北京市朝阳区市场监督管理局 换发的《营业执照》，具体登记信息如下： 证券代码：688316 证券简称：青云科技 公告编号：2026-003 青云科技集团股份有限公司 关于变更公司名称、注册资本完成工商变更登记的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 青云科技集团股份有限公司（以下简称"公司"）分别于 2025 年 10 月 30 日、2025 年 11 月 17 日召开了公司第三届董事会第三次会议、2025 年第二次临 时股东会，同意将公司中文名称由"北京青云科技集团股份有限公司"变更为"青 云科技集团股份有限公司"，英文名称由"Beijing QingCloud Technology Group Co., Ltd"变更为"QingCloud Technologies Corp."，注册资本由人民币 4,779.9688 万元变更为 4,789.8129 万元。具体内容详见公司分别于 2025 年 10 月 31 日、2025 年 11 月 18 日在 ...

Market Environment - The stock price of Qingyun Technology-U (688316.SH) increased by 4.81% to 83.45 yuan, with a trading volume of 5.55 billion yuan and a turnover rate of 13.84% on February 11, 2026, driven by a favorable market environment [1] - The overall computing power leasing sector rose by 0.33%, outperforming the market, supported by expectations of increased demand for cloud services [1] - Omdia data indicates that the cloud infrastructure service market in mainland China is expected to grow by 24% year-on-year in Q3 2025, with AI demand driving a shift in cloud resource consumption towards production-level workloads [1] - There are market views suggesting that cloud computing may become the next link in the inflation transmission of the AI industry chain, leading to positive changes in the industry pricing environment [1] Company Fundamentals - The company is still in a loss position but shows a clear trend of reduced losses, with an expected net profit of -57.77 million yuan for 2025, a reduction of 37.99 million yuan compared to the previous year, representing a 39.67% decrease in losses [2] - The improvement in performance is attributed to systematic optimization of the business structure and cost reduction measures, particularly progress in the AI intelligent computing sector [2] Financial and Technical Aspects - On the day of the stock price movement, the net inflow of main funds was 3.39 million yuan, with large single fund inflows of 48.62 million yuan, indicating participation from major funds [3] - The stock price experienced a nearly 10% intraday fluctuation, reaching a high of 86.89 yuan, reflecting active market trading and intense bullish-bearish competition [3] Future Development - The company has indicated that a decline in future operating income or continued losses could lead to negative net assets, triggering a delisting risk warning [4] - The current price-to-earnings ratio (TTM) is negative, and the price-to-book ratio is relatively high, suggesting that investment should be assessed with caution regarding associated risks [4]

Group 1 - Tianwei Video Technology saw a sharp increase, hitting the daily limit up [1] - Shunwang Technology rose over 15% [1] - Wangsu Science and Technology increased by more than 13% [1] - Other companies such as Nanling Technology, Qingyun Technology, Yuke Technology, Litong Electronics, and Guanghuan Xunwang also experienced significant gains [1]

Market Performance - The IT services sector increased by 3.33% on February 3, with *ST Yunchuang leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Top Gainers in IT Services - *ST Yunchuang saw a closing price of 8.06, with a significant increase of 30.00% and a trading volume of 116,100 shares, totaling a transaction value of 88.596 million yuan [1] - Wangsu Science and Technology closed at 19.31, up 14.40%, with a trading volume of 5.4564 million shares and a transaction value of 9.851 billion yuan [1] - Capital Online closed at 27.46, up 11.63%, with a trading volume of 842,800 shares and a transaction value of 2.214 billion yuan [1] Market Capital Flow - The IT services sector experienced a net inflow of 3.064 billion yuan from institutional investors, while retail investors saw a net outflow of 466 million yuan [2] - The main funds showed a mixed trend, with some companies like Huasheng Tiancheng receiving significant net inflows, while others like Xiangyou Technology faced outflows [3] Notable Stocks with Net Inflows - Huasheng Tiancheng had a net inflow of 1.698 billion yuan, accounting for 38.55% of its trading volume [3] - Yanshan Technology recorded a net inflow of 863 million yuan, representing 11.85% of its trading volume [3] - Wangsu Science and Technology had a net inflow of 530 million yuan, making up 5.38% of its trading volume [3]

Market Overview - The A-share market experienced a significant upward trend on February 3, with the Shanghai Composite Index closing at 4067.74 points, up 1.29%. The Shenzhen Component rose by 2.19%, the ChiNext Index increased by 1.86%, the Sci-Tech Innovation Index gained 2.44%, and the Northbound 50 Index surged by 3.27%. The total trading volume across the Shanghai and Shenzhen markets reached 25,656 billion yuan [1]. Sector Performance - Over 4,800 stocks in the market saw gains, with the photovoltaic industry chain showing strong performance, particularly in the space photovoltaic sector, where companies like Aotewei and Zerun New Energy hit the daily limit with a 20% increase [3]. - The commercial aerospace sector rebounded, with stocks such as Jieli Suojin and Aerospace Development also reaching the daily limit [3]. - The chemical sector remained active, with Wanfeng shares achieving a four-day limit increase [3]. - The precious metals concept saw localized activity, with Hunan Gold hitting the daily limit [4][5]. Precious Metals Market - The precious metals market saw a sharp rebound, with Hunan Gold achieving a remarkable 7-day, 6-limit increase. Other notable performers included Xiaocheng Technology, which rose over 18%, and Zijin Mining, which increased by over 6% [5]. - On February 3, gold prices surged, with spot gold rising over 5% to surpass $4,900 per ounce, while silver also maintained an upward trend, increasing over 8% to break through $86 per ounce [6]. - According to China Galaxy Securities, the recent decline in precious metal prices can be viewed as a market-driven cooling following a period of rapid price increases, rather than a panic exit of funds. This price correction is seen as a normal phenomenon that helps release overheated market sentiment [6]. - Guotai Junan Securities indicated that the recent significant drop in precious metal prices is a technical adjustment to the irrational increases seen since the beginning of the year, rather than the end of a long-term upward trend for gold. The decline in speculative sentiment and leverage levels is expected to support a healthier upward trend for gold in the near term [6]. Computing Power Leasing Sector - The computing power leasing sector showed continued strength, with Tianwei Vision experiencing a direct limit increase [7][8]. - Other companies in this sector, such as Wangsu Technology and Capital Online, saw increases of over 10% [8]. - The CPO concept also performed actively, with Robotech hitting a 20% limit increase, and companies like Juguang Technology, Dekeli, and Tianfu Communication rising over 10% [8]. - According to Dongwu Securities, major overseas cloud providers have begun raising prices for their services, marking the first increase in years. This trend is expected to influence domestic cloud providers to follow suit, creating investment opportunities in the AI cloud industry as demand increases [8].

Core Insights - The company, Qingyun Technology, has confirmed its collaboration with the Kimi K2.5 model through its AI computing cloud service, CoresHub, which provides advanced and user-friendly AI model capabilities to drive innovation in intelligent applications [1] Company Developments - Qingyun Technology's AI computing cloud service, CoresHub, has integrated with the Kimi K2.5 model, enhancing its offerings in the AI space [1]