HK Stock Market Move | GD-HKGBA HLDGS(01396) rose more than 6%; the stock abbreviation will be changed to "Guangdong-Hong Kong Bay Smart Computing"; the company holds a large amount of computing power billing orders.

GD-HKGBA HLDGS (01396) rose more than 6%, rising by 6.08% to HK$17.61 as of press time, with a trading volume of HK$78.38 million. On the news front, GD-HKGBA HLDGS recently announced that its stock abbreviation will be changed to "Guangdong-Hong Kong Bay Intelligent Computing" effective May 22. It is worth noting that this renaming is the inevitable result of the company's orderly advancement of strategic transformation. In October last year, after announcing the acquisition of Tiandon Data, GD-HKGBA HLDGS completed a substantial transformation into a scarce asset-type AI computing power infrastructure platform. The company's net profit reversed from a huge loss of approximately 2.0413 billion yuan in the 2024 fiscal year to a net profit attributable to the parent of approximately 73 million yuan in the 2025 fiscal year. The financial report shows that Tiandon Data contributed approximately 616.7 million yuan in revenue within just over two months after consolidation, accounting for 61.5% of the group's total revenue. It is reported that as of now, Tiandon Data under Guangdong-Hong Kong Bay Intelligent Computing has delivered and stabilized the FP16 dense computing power scale exceeding 42000 PFLOPS, operating over 10,000 high-power server cabinets, with an on-shelf rate of over 95%, and its business footprint covering multiple core regions in China and some areas in Southeast Asia; with a stable billing compute power order total exceeding 15 billion yuan on hand, and still growing rapidly, sufficient to support stable growth in performance in the next 3-5 years, firmly ranking in the forefront of domestic intelligent computing service providers.