HK Stock Market Move | CLOUD FACTORY (02512) rises more than 5%, accelerating the layout of domestic intelligent computing. The company has established a joint venture with Shannon Semiconductor Technology to explore the intelligent computing service market.

CLOUD FACTORY (02512) rose by more than 5%, as of the reporting time, it had risen by 4.66%, reaching 5.17 Hong Kong dollars, with a trading volume of 22.6222 million Hong Kong dollars. On the news front, Guotai Haitong pointed out that according to Caijing News, on August 23, 2025, Xiong Jijun, Deputy Minister of Industry and Information Technology, stated at the 2025 China Computing Power Conference that by the end of June 2025, China had reached 10.85 million standard racks in use for computing power centers, with intelligent computing power reaching 788 EFLOPS. In the future, the Ministry of Industry and Information Technology will improve the policy system for computing power layout, optimize the infrastructure layout for computing power, and guide the rational layout of intelligent computing power facilities in various regions. The bank believes that these measures will effectively address issues such as whether local intelligent computing centers can be built and how to build them, and are expected to accelerate the construction of local intelligent computing centers. Recently, CLOUD FACTORY announced that the group has entered into a joint venture agreement with Shannon Semiconductor Technology to establish a joint venture company with a registered capital of 120 million RMB to develop the intelligent computing service market. The announcement stated that the company believes that the intelligent computing business is complementary to the group's existing business and will generate synergies for the overall business development of the group. The company's existing customers also show a steady growth in demand for computing resources and processing capabilities. In addition, with its long-term accumulated technical expertise, continuous investment in distributed computing, mature supply chain system, and self-developed resource scheduling platform, the group has the capability to provide intelligent computing services.