The large order has landed, completing the performance wager. The stock price of ENVISION GREEN (01783), which is undergoing a value reassessment, may be poised for a breakout.

Just one month after announcing its proposed acquisition, ENVISION GREEN (01783) has made significant breakthroughs in acquiring high-quality AI computing assets, achieving a milestone advancement. On July 31, ENVISION GREEN announced that Shanghai Youfu Cloud Computing Co., Ltd. (hereinafter referred to as Shanghai Youfu Cloud), which the company intends to acquire, has entered into a binding service agreement with a leading Chinese technology company. This service contract is expected to generate additional annual EBITDA of no less than 480 million RMB over the five-year term of the agreement, with a total contract value of no less than 2.4 billion RMB. Although the announcement contains only a few hundred words, the information revealed is of utmost importance. The signing of the binding service agreement with a leading Chinese technology company indicates that Shanghai Youfu Cloud, as one of the earliest enterprises included in NVIDIAs NCP (NVIDIA Cloud Partner) certification for mainland China, possesses the capability to secure high-end GPU computing power, which has been recognized by a major Chinese tech company. Market speculation suggests that Shanghai Youfu Cloud's long-term development plan targets 10 standard deployment units (each unit consisting of 5,000 cards), corresponding to 50,000 Hopper-class GPUs and approximately 100,000 P FP16 computing power. If Shanghai Youfu Cloud's computing power scale reaches the full capacity of 100,000 P, its annual net profit is expected to directly reach the 3 billion RMB level, and Jiangsu Lettall Electronic has provided empirical evidence for this model. In the first quarter of 2026, Jiangsu Lettall Electronic recorded a net profit of 271 million RMB with a full rental of 33,000 P, annualized to 1.084 billion RMB, corresponding to a net profit of approximately 33,000 RMB per P. Using this as a benchmark, maintaining a net profit of 30,000 RMB (for H100 models) or 38,000-45,000 RMB (for H200 models) per P is realistically feasible, making it possible for 100,000 P at full capacity to leverage an annual net profit of 3 billion RMB. In the current environment for A/H shares, a pure third-party intelligent computing leasing company that has "passed the test, fully leased, and is bound to major companies" is expected to receive a market PE valuation of about 30-60 times. Based on this, if Shanghai Youfu Cloud achieves full capacity of 100,000 P in the future, it may bring ENVISION GREEN a prospective increase in market value of 90 billion to 180 billion RMB. In fact, since ENVISION GREEN released its proposed acquisition announcement on June 29, declaring the intention to leverage its business synergies in the green energy sector to develop high-end intelligent computing leasing, there has been considerable controversy in the market. After all, in recent years, many companies have announced their entry into intelligent computing leasing, but most have remained stuck at the concept stage with PowerPoint presentations. The service agreement signed between Shanghai Youfu Cloud and a technology giant serves as the strongest rebuttal to skeptics: as a seasoned player in cross-industry development, ENVISION GREEN has withstood several rounds of cyclical tests, and "not fighting an unprepared battle" is indeed its distinct style. This agreement means that the most challenging threshold in the acquisition process of Shanghai Youfu Cloud by ENVISION GREEN has been achieved. Reviewing the design of the transaction structure, in order to ensure that the acquisition assets smoothly accomplish the high-end GPU computing power business before the completion of the delivery, ENVISION GREEN has structured the payment for the acquisition of the offshore holding platform YV CLOUD Limited and its core operating entity, Shanghai Youfu Cloud, into four installments. Notably, the third payment of 660 million RMB has a specific performance threshold, and the assessment scope is limited to the new computing power business, excluding existing datacenters. The service agreement between Shanghai Youfu Cloud and a single Chinese technology company has directly met the performance targets of an annual EBITDA of not less than 480 million RMB and a total five-year contract value of 2.4 billion RMB, thus fulfilling the payment conditions for the third phase, which involves the most difficult "performance assessment." ENVISION GREEN disclosed in its announcement: "Currently, all parties are actively promoting the fulfillment of the prerequisites for the successful completion of the acquisition transaction. As of July 31, the second, third, and fourth phase payments have not yet been made to the seller." As the announcement only specified that the second to fourth phase payments were unpaid and remained silent on the status of the first phase, the market speculates that the first phase payment may have been completed. According to industry practice, the payments for various phases of the acquisition transaction are transferred through a regulatory account rather than directly to the seller, using this mechanism to ensure smooth transaction progress; if the seller breaches the agreement, not only can the funds already paid be secured, but the breaching party must also bear substantial penalties, safeguarding the acquirer's rights to the greatest extent. ENVISION GREEN may also be pursuing the acquisition according to this model. For ENVISION GREEN, with the most challenging performance assessment threshold in the acquisition transaction first met, the subsequent acquisition process is expected to proceed smoothly, significantly increasing the probability of the deal being finalized. More importantly, the capital market has gained an anchor point for calculating growth since the hardest growth validation has been passed, investors can price their growth expectations based on long-term planning. After all, the capital market is not a reflection of the present, but rather feedback on future development. For this reason, now may be a good time for long-term positioning in ENVISION GREEN: on one hand, the companys global circular economy business has accelerated into a harvest phase, with the profitability and cash flow of this fundamental base continuing to solidify, coupled with the enormous growth value brought by cross-industry AI computing, ENVISION GREEN is expected to accelerate its value re-evaluation in the capital market. It is foreseeable that as the subsequent acquisition transaction progresses and Shanghai Youfu Cloud's high-end computing power products are delivered in phases, the market's perception of its potential value is likely to respond more rapidly, and there is a possibility of the company launching a surge towards a market value of 50 billion RMB in the short term.