Cloud Factory Wins RMB520 Million AI Industry Base Phase II Contract

Cloud Factory Technology Holdings Limited ( (HK:2512) ) has provided an update.

Cloud Factory Technology Holdings Limited has announced that its wholly owned subsidiary, Jiangsu Cloud Factory Information Technology, has secured a major contract worth RMB519.7 million to supply hardware devices, software and services for Phase II of an Artificial Intelligence Industry Base project, following a successful tender process run via an Anhui bidding platform. The project, awarded by Suzhou Huarui Network Information Service, will see the group deploy large-scale domestically produced AI computing power cards, underscoring its strategic push into China’s homegrown computing power ecosystem and reinforcing its positioning as a key provider of AI infrastructure solutions, while the company stresses that the deal falls within its ordinary course of business and that it will provide further disclosures if required under Hong Kong listing rules.

The most recent analyst rating on (HK:2512) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on Cloud Factory Technology Holdings Limited stock, see the HK:2512 Stock Forecast page.

More about Cloud Factory Technology Holdings Limited

Cloud Factory Technology Holdings Limited is a Hong Kong-listed technology group that, through subsidiaries such as Jiangsu Cloud Factory Information Technology Co., focuses on providing hardware, software and service solutions for artificial intelligence infrastructure and computing power projects in mainland China, with a particular emphasis on supporting domestically produced AI computing power components and heterogeneous computing capabilities.

Average Trading Volume: 340,557

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.61B

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