New stock news | PPIO submits application to Hong Kong Stock Exchange, with daily average Token consumption reaching trillions.

On June 10th, PPIO submitted its prospectus to the Hong Kong Stock Exchange, with Industrial and Commercial International and Shenwan Hongyuan Group Hong Kong acting as joint sponsors. The prospectus shows that as of December 31, 2025, PPIO operates the largest computing power network in China by the number of computing nodes, covering over 1340 cities and counties globally with over 4600 computing nodes deployed. As of April 30, 2026, its AI cloud computing business has over 574,000 registered developers worldwide. In April 2026, the platform's daily average token consumption reached 10.28 trillion, ranking first among independent AI cloud computing service providers in China. During the reporting period, the company's revenue increased from 3.584 billion yuan in 2023 to 5.58 billion yuan in 2024, further rising to 7.703 billion yuan in 2025, with a compound annual growth rate of 46.6% from 2023 to 2025. The AI cloud computing business saw significant growth, experiencing explosive development starting from 2025, with revenue increasing from 10.387 million yuan in 2024 to 1.192 billion yuan in 2025, a more than tenfold year-on-year increase.