The reporter learned from channel agencies that recently, Jinglin Asset, a domestic 100 billion private equity firm, released its 2025 year-end view to investors. Looking ahead to 2026, Gao Yuncheng, general manager of Jinglin Asset, said that artificial intelligence may enter the starting point of true popularity next year. While looking positively at technology prospects, high cloud coverage also suggests potential risks. For example, the long-term cash flow support capacity of large-scale AI infrastructure investments has sparked widespread discussion in the market. Investors should carefully review the company's cash flow situation and include more stringent accounting assumptions in the valuation. He revealed that the valuation of Jinglin's core holding company is within a historically reasonable range, and has characteristics such as product differentiation, strong customer stickiness, and pricing power.

The reporter learned from channel agencies that recently, Jinglin Asset, a domestic 100 billion private equity firm, released its 2025 year-end view to investors. Looking ahead to 2026, Gao Yuncheng, general manager of Jinglin Asset, said that artificial intelligence may enter the starting point of true popularity next year. While looking positively at technology prospects, high cloud coverage also suggests potential risks. For example, the long-term cash flow support capacity of large-scale AI infrastructure investments has sparked widespread discussion in the market. Investors should carefully review the company's cash flow situation and include more stringent accounting assumptions in the valuation. He revealed that the valuation of Jinglin's core holding company is within a historically reasonable range, and has characteristics such as product differentiation, strong customer stickiness, and pricing power.