HK Stock Market Move | SDHG(00412) rose by over 11% again, with a weekly cumulative increase of over 50%. The parent company Shandong Hi-speed Group has reached a cooperation agreement with Huawei.

SDHG (00412) surged more than 11%, with a cumulative increase of over 50% this week. As of the time of writing, it increased by 7.87% to 9.61 Hong Kong dollars, with a turnover of 1.46 billion Hong Kong dollars. On the news front, according to Securities Times, SDHG's parent company Shandong Hi-speed Group has signed a strategic cooperation agreement with Huawei. The two parties plan to jointly create a new development model driven by "green computing power + clean energy". Sources revealed that the strategic cooperation between Shandong Hi-speed Group and Huawei will focus on the two major industries of "green computing power" and "clean energy". As the only company under Shandong Hi-speed Group that has an integrated electric computing industry segment, SDHG will be the main carrier for exploring business cooperation between the two parties. Specifically, SDHG will leverage its advantages in the fields of green energy and computing infrastructure to provide computing infrastructure and new energy bases for this cooperation, assisting Shandong Hi-speed Group in projects such as "zero-carbon intelligent parks", vehicle-road collaboration, intelligent driving, and large models. It will provide support in clean energy and green computing power, empower intelligent highway scenes, build a digital ecosystem for transportation energy, and respond to the construction of the national "integrated computing power network".