Changes in Hong Kong stocks | Zhonghuan New Energy (01735) rose more than 11% to a new high, and plans to change its name to “Zhonghuan Smart Computing”, AI computing power business revenue exceeded 1 billion yuan in the first half of the year

The Zhitong Finance App learned that Central New Energy (01735) rose by more than 11% in the afternoon, reaching a record high of HK$13.22. As of press release, it rose 10.55% to HK$13.1, with a turnover of HK$259 million.

According to the news, recently, Zhonghuan Renewable Energy announced that it plans to change its name to “Zhonghuan Intelligent Computing Technology Holding Group Co., Ltd.” It is worth mentioning that the company's current name change is not a simple name change, but rather an announcement that strategically focuses on the AI intelligent computing circuit. According to reports, in the first half of this year, revenue from Zhonghuan New Energy's AI computing power business has broken through the 1 billion yuan mark, accounting for nearly 20%. The growth logic is evolving from photovoltaic manufacturing as the core driver to a “new energy+AI+ computing power” compound growth model. According to the announcement, the company is actively grasping the opportunities of rapid market growth brought by the global artificial intelligence industry, and plans to invest, build and operate data centers in the future.