HK Stock Market Move | Lingxiong Technology (02436) has risen by over 31% again, with its stock price doubling in the past two days. The company is the leading enterprise in the DaaS industry.

Lingxiong Technology (02436) rose by over 31% again, with the stock price doubling in the past two days. As of the time of publication, it has risen by 31.41% to HK$10. On the news front, Hu Zuoxiong, Chairman of the Board of Lingxiong Technology and founder of Xiao Xiong U Rental, recently stated in an interview with Securities Daily reporters that the penetration rate of the DaaS market in China will reach a turning point in the next 5 years. As a leading company in the DaaS industry, Lingxiong Technology will maintain strategic focus, continuously transform positive factors in the market operation into development opportunities, drive operational efficiency advancement, achieve multi-dimensional release of business growth momentum, and promote high-quality development of the company. It is reported that as a leading company in the DaaS industry, Lingxiong Technology's core business revolves around the full lifecycle management of IT equipment, building a complete service system of "IT equipment recycling - IT equipment subscription (leasing) - IT technical operation and maintenance - device management SaaS (Software as a Service)." This completely changes the traditional model of "one-time purchase, one-time use" of IT equipment, achieving fine management of device resources and efficient recycling. By 2024, its equipment subscription volume will reach 6.176 million units.