DeepSeek announced price cuts, concept stocks of computing power leasing fell sharply on heavy volume, several listed companies responded exclusively.

On the morning of May 25th, the concept stocks of computing power leasing collectively fell sharply. Hongjing Technology, Sanrenxing, Hengwei Technology, Xingyun Technology, and Xiechuang Data led the decline. According to Wind data, as of the midday close on May 25th, Hongjing Technology fell by 11.99%; Sanrenxing and Hengwei Technology hit the limit down; Xingyun Technology fell by 5.6%, dropping more than 15% at one point during trading. On the news front, DeepSeek recently announced that DeepSeek-V4-ProAPI will permanently reduce its price by 25%, creating a new low in global large model prices. In response to this, Hongjing Technology exclusively responded to China Securities Journal reporters that the fluctuation in the secondary market stock price is affected by multiple factors, but the company's operations are normal. The company has noted the news of DeepSeek's price reduction. DeepSeek belongs to the downstream end application of the industrial chain, and the company has signed confidentiality agreements with downstream customers and cannot disclose whether DeepSeek is a customer of the company. However, this kind of end application price reduction does not affect the gross profit margin of the company's existing business because contracts were signed earlier, maintaining a stable gross profit margin. As for whether it will affect the gross profit margin of new business, it depends on changes in the subsequent market. Currently there is no impact, and any future developments will be based on the company's announcements. Xingyun Technology exclusively responded to China Securities Journal reporters that DeepSeek's announcement of price reduction has no effect on the company. The stock price fell sharply in the morning but has since bounced back. The company's operations are normal, and the stock price is influenced by multiple factors. Computing power leasing business is an emerging business, and related business has not yet been consolidated. It is just a direction for the company's future transformation.