Hong Kong Stock's Computing Power Giant Emerges: Yuegang Bay Holdings, Owning a Token Super Factory with Over 40,000 P Computing Power

1. A Stunning More-Than-40,000P Shock: Redefining the Compute Power Cap for Hong Kong Stocks

In the era when AI large models and intelligent agents are surging forward at full speed, “computing power is power” has become a national strategic resource of the same importance as energy and food. The scale of computing power directly determines the ceiling of an enterprise’s level of intelligence. The performance report delivered by Yuegangwan Holdings in its 2025 annual report is most shocking not because of the new business performance numbers and the sharp jump in profitability itself, but because of the scarcity and dominance behind its stable operation of over 42,000P FP16 (dense) computing power.

International Tech Giants Are Rushing to Build in the AI Compute Infrastructure Field:

According to PwC’s calculations, by 2030, the global cumulative economic impact of AI solutions will reach $2.23 trillion, becoming a core driving force behind global economic growth. In terms of capital investment, Microsoft, Google, Amazon, and Meta dominate the global capital race for compute infrastructure. For each individual company, annual AI-related capital expenditures exceed $50 billion, accounting for more than 70% of all incremental data center investment worldwide, resulting in a capital structure with heavy concentration at the top.

Benchmarking Against National-Level Hubs:

By the end of 2025, the over 42,000P of stable operating and chargeable compute power held by Yuegangwan Holdings can already match the core of the Yangtze River Delta hub (Wuhu cluster) of China’s “East Data, West Compute” (东数西算) project. According to publicly available information, by the end of 2025, the actual operational intelligent computing capacity across multiple provinces nationwide is mostly in the range of several thousand P to 20,000P. This means that the compute power scale held by a Hong Kong-listed company has already reached the level of a national compute hub.

Nearly Ten Times the Entire Scale of Hong Kong:

Take Hong Kong, the international financial hub, as an example. According to the Innovation, Technology and Industry Bureau’s disclosures, Hong Kong’s total compute power scale across the whole society is currently about 4,000–5,000P. In other words, the compute power scale operated by Yuegangwan Holdings is roughly equal to ten times the sum of Hong Kong’s existing total compute power, highlighting a dominant advantage in resource concentration.

Token Capacity Titan:

As China’s average daily AI Token call volume surpasses 140 trillion, Yuegangwan Holdings’ over 42,000P of compute power invested in AI inference and training gives it a theoretical maximum daily Token output that accounts for a substantial share of the country’s total consumption. In the Hong Kong stock market, it is unquestionably a “Token super factory” capacity titan.

2. A Hard-Core Moat: Not “Storytelling,” but an “Ink-Printing Machine”

NVIDIA’s GTC conference this year directly doubled its future AI infrastructure demand outlook from $500 billion to $1 trillion. Its market value has held steady at $4.45 trillion, and Wall Street immediately called out: a target of $6–8.8 trillion.

This is not a tech product launch—it’s a global repricing event for the compute power industry chain.

Chips are not just hardware; they are ink-printing machines. Tokens are not just code; they are a new bulk commodity.

Unlike many AI concept stocks in the market that are still “painting a pie and telling stories,” Yuegangwan Holdings’ compute power business has already entered a phase of tangible gains. Through the wholly-owned acquisition of Tianding Data, the company not only completes a technical early-mover position, but also forms an extremely high industry barrier by relying on the supply chain, delivery capability, and the scale of capital investment. Meanwhile, it serves many internet tech companies, financial industry customers, and telecom operator clients—locking in the certainty of revenue, profits, and growth for the coming years.

1. Order Lock-in for the Future: A Concrete Performance Moat
   A hundred-billion-level order pool: The company currently has more than RMB 15 billion worth of intelligent computing service orders, entering a stable operating and billing period. Customers are highly high-value: it serves over 200 customers, including telecom operators, large internet enterprises, leading cloud service providers, and top financial and large-model manufacturers. Contract terms range from 1 to 5 years, meaning cash flows for the coming years are basically locked in, with very high performance certainty.

2. Full-Capacity Operations: The Industry’s Rare “Full-Listing Rate”
   Against the backdrop of fluctuations in the industry’s average listing rate, multiple IDC data centers under operation at Yuegangwan Holdings maintain a stable listing rate of 95%–100%, close to a “near-full listing rate.” This figure directly confirms the extreme scarcity of its compute power resources and the situation of supply not meeting demand. In a world of “hard to get capacity cards,” such an almost fully loaded operating state is the hardest growth backing.

3. Bright Prospects Ahead: From a “Compute Power Leasing Landlord” to a “Ecosystem Builder”

Yuegangwan Holdings’ strategic development ambitions are absolutely not limited to being a simple “compute power leasing landlord.” With the company being included in the MSCI China Small Cap Index in February 2026, and its plan to change its company name to “Yuegangwan Zhizuan Technology Co., Ltd.,” it is releasing a strong technological signal to the market.

**Technology Upgrading in One Step: **By the end of 2025, the company launched the “Quantum Bay” compute power cloud service dispatching platform, enabling unified management of compute power across regions, chips, and cloud environments. At the same time, it introduced a developer platform for AI small and medium enterprises and developers of “OPC” (one-person companies), offering features such as flexible compute usage, API calls for various models, and open-source datasets. It is also actively incubating in fields such as innovative drug R&D and AIGC creation. This not only improves resource utilization but also builds a “Token super factory” with overwhelming cost advantages across the entire chain. It further connects the complete chain from bottom-layer leasing to top-layer applications, laying feasibility and limitless possibilities for the company’s development strategy and business model upgrade.

Ecosystem Expansion: By building an end-to-end compute power full-industry ecosystem, through cooperation with Huagong Technology’s optical modules in a full-stack manner, and strategic partnerships with industry leaders such as Huawei and Runliujia, plus actions such as appointing Dr. Qian He, a Tsinghua University expert in in-memory computing (storage and computing integration), as an independent director, the company’s business footprint has also accelerated its expansion from core cities in the Greater Bay Area to overseas markets such as Southeast Asia. Yuegangwan Holdings is building a large compute power ecosystem and is firmly taking a multi-tier, technology-driven development path.

[Conclusion]

NVIDIA used a GTC to tell the whole world: in the future, the formula for wealth is compute power × Tokens = cash flow. Chips are no longer cyclical stocks; they are growth stocks. NVIDIA is no longer just a chip company—it is the world’s largest “compute power bank.” In 2026, when AI compute power demand explodes exponentially, for investors, what they look at in chip stocks and compute power stocks is compute power capacity, Token output, and order lock-in rates. While the market is still searching for high-yield, high-certainty targets, Yuegangwan Holdings’ “Token super factory” finally turns on full power and comes into view.