HK Stock Market Move | GD-HKGBA HLDGS (01396) rose more than 10%, AI computing power business becomes a new growth engine, the company's true value still needs to be unleashed.

GD-HKGBA HLDGS (01396) rose more than 10%, as of the time of writing, it was up 8.29% to 8.23 Hong Kong dollars, with a turnover of 34.0359 million Hong Kong dollars. On the news front, GD-HKGBA HLDGS' previous financial results showed that the group's net profit changed from a huge loss of about 20.413 billion yuan in the fiscal year 2024 to a parent net profit of about 73 million yuan in the fiscal year 2025. This fundamental change stems entirely from the AI computing power service leader, Time Dragon Data, which was acquired in October last year. The financial report shows that Time Dragon Data contributed about 616.7 million yuan in revenue within just over two months after consolidation, accounting for 61.5% of the group's total revenue, and brought in about 177.3 million yuan in gross profit, with an overall gross profit margin of 28.7%. Among them, the core AI computing power service gross profit margin is even higher at 39.6%. It is worth noting that supplementary disclosure of the financial report shows that Time Dragon Data's independent revenue in 2025 is about 2.0253 billion yuan, a year-on-year increase of 757.9%, and a parent net profit of 207.1 million yuan was achieved. This indicates that the current financial report only reflects about 30% of its annual performance volume, and the company's true profit value awaits full release.