The Zhitong Finance App learned that Shen Wan Hongyuan released a research report saying that Jin Jing Xinneng (01783.HK) has completed the transformation from a traditional construction contractor to a circular economy+computing power dual main business platform: reverse recycling of industrial metals in the US provides deterministic cash flow (operators' removal of copper cables brings continuous supply, fixed contracts lock in costs, and high metal prices increase price differences). Power battery recycling in Hong Kong, China's first licensed processing facility with scarce production capacity. The decommissioned battery capacity is imminent, and the “service fee+resource-based” dual-wheel drive Stability and Elasticity. Acquisition of YV Cloud enters AI Computing power leasing resonates with high demand in the industry, supply-side energy consumption and rising license thresholds. Performance thresholds and payment deferral mechanisms provide a safety cushion for premium transactions. The three major businesses are relaying one after another, and the performance growth path is clear. The bank believes that the total reasonable valuation of the company's resource recycling and computing power services business could reach HK$25.827 billion, with room for an increase of 94.7% compared to the current total market value of HK$13.262 billion. First coverage, giving a “buy” rating.

The Zhitong Finance App learned that Shen Wan Hongyuan released a research report saying that Jin Jing Xinneng (01783.HK) has completed the transformation from a traditional construction contractor to a circular economy+computing power dual main business platform: reverse recycling of industrial metals in the US provides deterministic cash flow (operators' removal of copper cables brings continuous supply, fixed contracts lock in costs, and high metal prices increase price differences). Power battery recycling in Hong Kong, China's first licensed processing facility with scarce production capacity. The decommissioned battery capacity is imminent, and the “service fee+resource-based” dual-wheel drive Stability and Elasticity. Acquisition of YV Cloud enters AI Computing power leasing resonates with high demand in the industry, supply-side energy consumption and rising license thresholds. Performance thresholds and payment deferral mechanisms provide a safety cushion for premium transactions. The three major businesses are relaying one after another, and the performance growth path is clear. The bank believes that the total reasonable valuation of the company's resource recycling and computing power services business could reach HK$25.827 billion, with room for an increase of 94.7% compared to the current total market value of HK$13.262 billion. First coverage, giving a “buy” rating.