Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Qidian International Co., Ltd. ( (HK:1280) ) has issued an announcement.
China Qidian Guofeng Holdings’ subsidiary Shanghai Huiliu Network Technology has signed a one-year, non-exclusive leading channel distributor agreement with MetaX Integrated Circuits to distribute and promote MetaX’s full series of GPU products across Mainland China, targeting major internet firms, intelligent computing centres, research institutions and enterprises with high AI computing power needs. The deal, which sets an annual procurement performance target of 2,000 GPU units corresponding to a potential business scale of about RMB200 million, marks the group’s formal entry into China’s domestic AI computing hardware market and a strategic shift toward offering “software-and-hardware integrated” AI server solutions under the Huiliu brand, aiming to build first-mover channel advantages in high-end hardware, create new sustainable revenue streams and enhance overall profitability.
The most recent analyst rating on (HK:1280) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on Qidian International Co., Ltd. stock, see the HK:1280 Stock Forecast page.
More about Qidian International Co., Ltd.
China Qidian Guofeng Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Shanghai Huiliu Network Technology Co., Ltd., focusing on technology-related businesses and increasingly positioning itself as a provider of integrated software-and-hardware solutions for the domestic market in Mainland China.
Average Trading Volume: 733,717
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.7B
Learn more about 1280 stock on TipRanks’ Stock Analysis page.