Latest news with #newenergy
Yahoo
18 hours ago
- Business
- Yahoo
SDHG's Lead in Electricity-Computing Integration Helps Market Cap Hit HK$100 Billion
SDHG market cap hit HK$100 billion for the first time, as stock price surged 200+ percent in 2025 From 2021 to 2024, SDHG's total assets more than tripled, from RMB 21.43 billion to RMB 66.17 billion Dazzling success attributed to SDHG's two-pronged strategy of smart investing in new energy and computing power Electricity-Computing Integration model places SDHG in unique position to lead industry SDHG's outstanding ability to align key businesses with national policy priorities wins dedicated government support HONG KONG, July 29, 2025 (GLOBE NEWSWIRE) -- Shandong Hi-Speed Holdings Group Ltd. ( shares rose to HK$17.26 at closing on Monday, July 28, sending the market cap of the strongly growing company to HK$103.9 billion. SDHG market cap exceeded HK$100 billion for the first time on July 11. The fact that it has since remained steadily above the HK$100 billion mark indicates the market's unequivocal endorsement of SDHG as a leader in Electricity-Computing Integration and AI-ready infrastructure. SDHG's Lead in Electricity-Computing Integration Helps Market Cap Hit HK$100 Billion As global competition in AI innovation intensifies to a breakneck pace, the demand for computing power has skyrocketed, which led renewable energy and computing power to become critical battlegrounds for serious contenders in the field. SDHG, a pioneer strategic investor in Electricity-Computing Integration, is widely believed to lead the race. Pivot to AI infrastructure builderThe demand for both computing power and the electricity to run the data centers in China is forecast to see exponential growth in the coming years. In 2025, data center electricity consumption is expected to account for 5 percent of China's total electricity usage. The country's intelligent computing power is projected to reach 1,037.3 EFLOPS in 2025 and to surge to 2,781.9 EFLOPS in 2028. The highly centralized GPU clusters required for intelligent computing centers will have to consume more power. On the eve of AI innovation booms, SDHG has made a strategic transition from primarily making financial investments toward becoming an investment holding platform focused on emerging industries. It has since emerged as China's leading company owning premium assets in both renewable energy and computing power, creating a unique Electricity-Computing Integration model. In 2022, SDHG acquired Shandong Hi-Speed New Energy Group Ltd. (SHNE, and now owns 56.97 percent of the company's stakes. In 2023, SDHG made a strategic investment worth US$299 million in VNET Group Inc. (NASDAQ: VNET). SHNE owns clean energy projects in more than 20 provinces in China and has been actively exploring international markets. VNET started focusing on selling data center services to retail clients in China and has grown to serve hyperscale customers including Alibaba Cloud, Tencent Cloud, and Huawei Cloud. These and other smart investment moves have helped the company gain a strong foothold in traditional infrastructure as well as in new infrastructure. Alignment with national policy prioritiesSDHG has shown outstanding ability to align its key businesses with major national policy priorities, namely renewable energy and computing power. As a result, SDHG enjoys full policy dividends from such national projects as 'East Data, West Computing' and secures dedicated government support in energy-rich provinces, especially support for its Electricity-Computing Integration model. Partnering with local governments and companies, SDHG has been able to achieve great success in experimenting with innovative business models that hand the company a unique advantage in both Chinese and international markets. The Ulanqab Source-Grid-Load-Storage Integration Project in Inner Mongolia is one of SDHG's flagship projects and epitomizes the innovativeness of Electricity-Computing Integration. SDHG is building power generation and storage facilities (solar and wind) right next to AIDC and other computing power centers in grassland town Ulanqab. The model breaks down traditional power grid constraints by enabling direct electricity trading ("selling electricity across the wall"). It thus establishes an ecosystem of power generation, transmission, and consumption in the same physical space. This self-contained green ecosystem, with tremendous environmental and economic value, operates on the principles of: - Instant Utilization (power consumed immediately upon generation)- On-Demand Availability (guaranteed supply for computing facilities)- Market-Based Pricing (dynamic cost optimization)- Mutual Benefit (win-win for energy producers and computing operators) Upon completion, the SDHG Ulanqab project will generate approximately 860 million kWh of electricity annually, supplying a significant part of the power to run VNET's 150MW computing centers in Ulanqab. When the 1GW Ulanqab III is in full operation and powered by SDHG, an additional RMB 1.3 billion worth of economic benefits will be created for the company. The SDHG Ulanqab project with its pioneering Electricity-Computing Integration model is set to play a major role in AI's transformation of Chinese tech industry, the same way as Stargate and other mega projects contribute to the building of AI infrastructure in their respective countries. Reliable financing toolkitSDHG's solid background in licensed financial transactions and ability to leverage Hong Kong's status as an international financial center have also been crucial in its success in financing the new energy and computer power projects with a reliable world-class toolkit. In May 2024, SDHG issued US$900 million worth of perpetual bonds — the largest USD senior perpetual bond issuing by any Chinese issuer since 2021, which were subscribed by 280 institutional accounts across Asia, Europe, the Middle East and Africa. In March 2025, SDHG's portfolio company VNET Group Inc. completed a $430 million convertible preferred notes offering — the largest such issuance relative to market cap by a Chinese firm since early 2024 which secured foundational capital for its domestic expansion. Endowed with the above-mentioned advantages, SDHG has established itself as a market leader with proven operational excellence, attracting more and more major companies to become customers and partners. In May 2025, SDHG signed a strategic cooperation agreement with Chinese tech giant Huawei Technologies Co., Ltd. to build projects driven by "green computing power and clean energy", develop "zero-carbon smart parks", and collaborate in the field of intelligent transportation, including vehicle-road coordination and large-scale intelligent driving models. The capital market has also reacted to SDHG's new strategy and remarkable business performance enthusiastically. In June 2025, multiple brokerages issued initiating coverage reports with "Outperform" ratings for SDHG, including Soochow Securities (Hong Kong), Zhongtai Securities, Tebon Securities, and SXC Securities. 'Through smart strategic maneuvers, SDHG has managed to build a complete ecosystem in new energy and new infrastructure, greatly enhancing the company's core competitiveness,' the Zhongtai Securities report states. SDHG was incorporated as China New Financial Group Limited. The company was acquired by Shandong Hi-Speed Group in 2017 and adopted its current name in 2022. It was listed on the Hong Kong Stock Exchange in the same year and is now a constituent stock of the Hang Seng Composite Index. The company currently holds an Fitch 'A-' Issuer Default Rating (IDR) with an ESG Entity Rating of '2' (Sustainable Fitch). SHDG has been on a phenomenal growth trajectory in the last 4 years despite macroeconomic challenges in the world and in the region. From 2021 to 2024, its total assets more than tripled — expanding from RMB 21.43 billion to RMB 66.17 billion. Its stock price has soared over 200 percent in 2025, while annual revenues are forecast to grow to RMB 6.59 billion, RMB 6.77 billion, and RMB 7.37 billion for 2025, 2026, and 2027, respectively. Net profit attributable to parent company shareholders is expected to more than double in the period, from RMB 216 million in 2025 to RMB 555 million in 2027. 'We expect SDHG to keep its growth momentum in the coming years, benefiting from and contributing to national policy initiatives in new energy and computing power. In particular, SDHG's Electricity-Computing Integration model powering AIDC will cement the company's lead in the industry and help realize its full potential as a market innovator,' the Zhongtai Securities report concludes. Media ContactCompany Name: Shandong Hi-Speed Holdings GroupContact: Stanley ShiWebsite: stanleyshi@ A photo accompanying this announcement is available at
Yahoo
18 hours ago
- Business
- Yahoo
SDHG's Lead in Electricity-Computing Integration Helps Market Cap Hit HK$100 Billion
SDHG market cap hit HK$100 billion for the first time, as stock price surged 200+ percent in 2025 From 2021 to 2024, SDHG's total assets more than tripled, from RMB 21.43 billion to RMB 66.17 billion Dazzling success attributed to SDHG's two-pronged strategy of smart investing in new energy and computing power Electricity-Computing Integration model places SDHG in unique position to lead industry SDHG's outstanding ability to align key businesses with national policy priorities wins dedicated government support HONG KONG, July 29, 2025 (GLOBE NEWSWIRE) -- Shandong Hi-Speed Holdings Group Ltd. ( shares rose to HK$17.26 at closing on Monday, July 28, sending the market cap of the strongly growing company to HK$103.9 billion. SDHG market cap exceeded HK$100 billion for the first time on July 11. The fact that it has since remained steadily above the HK$100 billion mark indicates the market's unequivocal endorsement of SDHG as a leader in Electricity-Computing Integration and AI-ready infrastructure. SDHG's Lead in Electricity-Computing Integration Helps Market Cap Hit HK$100 Billion As global competition in AI innovation intensifies to a breakneck pace, the demand for computing power has skyrocketed, which led renewable energy and computing power to become critical battlegrounds for serious contenders in the field. SDHG, a pioneer strategic investor in Electricity-Computing Integration, is widely believed to lead the race. Pivot to AI infrastructure builderThe demand for both computing power and the electricity to run the data centers in China is forecast to see exponential growth in the coming years. In 2025, data center electricity consumption is expected to account for 5 percent of China's total electricity usage. The country's intelligent computing power is projected to reach 1,037.3 EFLOPS in 2025 and to surge to 2,781.9 EFLOPS in 2028. The highly centralized GPU clusters required for intelligent computing centers will have to consume more power. On the eve of AI innovation booms, SDHG has made a strategic transition from primarily making financial investments toward becoming an investment holding platform focused on emerging industries. It has since emerged as China's leading company owning premium assets in both renewable energy and computing power, creating a unique Electricity-Computing Integration model. In 2022, SDHG acquired Shandong Hi-Speed New Energy Group Ltd. (SHNE, and now owns 56.97 percent of the company's stakes. In 2023, SDHG made a strategic investment worth US$299 million in VNET Group Inc. (NASDAQ: VNET). SHNE owns clean energy projects in more than 20 provinces in China and has been actively exploring international markets. VNET started focusing on selling data center services to retail clients in China and has grown to serve hyperscale customers including Alibaba Cloud, Tencent Cloud, and Huawei Cloud. These and other smart investment moves have helped the company gain a strong foothold in traditional infrastructure as well as in new infrastructure. Alignment with national policy prioritiesSDHG has shown outstanding ability to align its key businesses with major national policy priorities, namely renewable energy and computing power. As a result, SDHG enjoys full policy dividends from such national projects as 'East Data, West Computing' and secures dedicated government support in energy-rich provinces, especially support for its Electricity-Computing Integration model. Partnering with local governments and companies, SDHG has been able to achieve great success in experimenting with innovative business models that hand the company a unique advantage in both Chinese and international markets. The Ulanqab Source-Grid-Load-Storage Integration Project in Inner Mongolia is one of SDHG's flagship projects and epitomizes the innovativeness of Electricity-Computing Integration. SDHG is building power generation and storage facilities (solar and wind) right next to AIDC and other computing power centers in grassland town Ulanqab. The model breaks down traditional power grid constraints by enabling direct electricity trading ("selling electricity across the wall"). It thus establishes an ecosystem of power generation, transmission, and consumption in the same physical space. This self-contained green ecosystem, with tremendous environmental and economic value, operates on the principles of: - Instant Utilization (power consumed immediately upon generation)- On-Demand Availability (guaranteed supply for computing facilities)- Market-Based Pricing (dynamic cost optimization)- Mutual Benefit (win-win for energy producers and computing operators) Upon completion, the SDHG Ulanqab project will generate approximately 860 million kWh of electricity annually, supplying a significant part of the power to run VNET's 150MW computing centers in Ulanqab. When the 1GW Ulanqab III is in full operation and powered by SDHG, an additional RMB 1.3 billion worth of economic benefits will be created for the company. The SDHG Ulanqab project with its pioneering Electricity-Computing Integration model is set to play a major role in AI's transformation of Chinese tech industry, the same way as Stargate and other mega projects contribute to the building of AI infrastructure in their respective countries. Reliable financing toolkitSDHG's solid background in licensed financial transactions and ability to leverage Hong Kong's status as an international financial center have also been crucial in its success in financing the new energy and computer power projects with a reliable world-class toolkit. In May 2024, SDHG issued US$900 million worth of perpetual bonds — the largest USD senior perpetual bond issuing by any Chinese issuer since 2021, which were subscribed by 280 institutional accounts across Asia, Europe, the Middle East and Africa. In March 2025, SDHG's portfolio company VNET Group Inc. completed a $430 million convertible preferred notes offering — the largest such issuance relative to market cap by a Chinese firm since early 2024 which secured foundational capital for its domestic expansion. Endowed with the above-mentioned advantages, SDHG has established itself as a market leader with proven operational excellence, attracting more and more major companies to become customers and partners. In May 2025, SDHG signed a strategic cooperation agreement with Chinese tech giant Huawei Technologies Co., Ltd. to build projects driven by "green computing power and clean energy", develop "zero-carbon smart parks", and collaborate in the field of intelligent transportation, including vehicle-road coordination and large-scale intelligent driving models. The capital market has also reacted to SDHG's new strategy and remarkable business performance enthusiastically. In June 2025, multiple brokerages issued initiating coverage reports with "Outperform" ratings for SDHG, including Soochow Securities (Hong Kong), Zhongtai Securities, Tebon Securities, and SXC Securities. 'Through smart strategic maneuvers, SDHG has managed to build a complete ecosystem in new energy and new infrastructure, greatly enhancing the company's core competitiveness,' the Zhongtai Securities report states. SDHG was incorporated as China New Financial Group Limited. The company was acquired by Shandong Hi-Speed Group in 2017 and adopted its current name in 2022. It was listed on the Hong Kong Stock Exchange in the same year and is now a constituent stock of the Hang Seng Composite Index. The company currently holds an Fitch 'A-' Issuer Default Rating (IDR) with an ESG Entity Rating of '2' (Sustainable Fitch). SHDG has been on a phenomenal growth trajectory in the last 4 years despite macroeconomic challenges in the world and in the region. From 2021 to 2024, its total assets more than tripled — expanding from RMB 21.43 billion to RMB 66.17 billion. Its stock price has soared over 200 percent in 2025, while annual revenues are forecast to grow to RMB 6.59 billion, RMB 6.77 billion, and RMB 7.37 billion for 2025, 2026, and 2027, respectively. Net profit attributable to parent company shareholders is expected to more than double in the period, from RMB 216 million in 2025 to RMB 555 million in 2027. 'We expect SDHG to keep its growth momentum in the coming years, benefiting from and contributing to national policy initiatives in new energy and computing power. In particular, SDHG's Electricity-Computing Integration model powering AIDC will cement the company's lead in the industry and help realize its full potential as a market innovator,' the Zhongtai Securities report concludes. Media ContactCompany Name: Shandong Hi-Speed Holdings GroupContact: Stanley ShiWebsite: stanleyshi@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arab News
2 days ago
- Business
- Arab News
Chinese firm eyes investment in Pakistan's ICT, new energy sectors — ministry
ISLAMABAD: GuoDong Group, a leading Chinese communications firm, has expressed 'strong interest' in investment in Pakistan's information and communication technology (ICT) and new energy sectors, the Pakistani IT ministry said on Sunday. The statement came after a meeting between Pakistan's IT Minister Shaza Fatima Khawaja and a three-member GuoDong Group delegation, led by its founder and chairman Lu Jie in Shanghai. The meeting took place on the sidelines of the Global Artificial Intelligence Conference, at which both sides discussed investment opportunities in Pakistan, according to the Pakistani IT ministry. 'The delegation expressed strong interest in investing in Pakistan's ICT sector, with a focus on telecommunication towers, data centers, and cloud computing infrastructure,' the Pakistani ministry said in a statement. 'Mr. Lu Jie also conveyed interest in expanding to new energy domains, including EV charging stations, smart city solutions, and advanced material manufacturing within Pakistan.' The development comes as Pakistan, slowly recovering from a macroeconomic crisis under a $7 billion International Monetary Fund (IMF) deal, has been looking to boost foreign investment for sustainable growth. In May, the Pakistani government allocated 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power cryptocurrency mining and Artificial Intelligence (AI) data centers. The South Asian country is also looking to build critical electric vehicle (EV) charging infrastructure as it targets 30 percent of all new vehicle sales to be electric by 2030 under its ambitious New Electric Vehicle Policy (NEVP) 2025–2030. Welcoming the proposals, Khawaja invited the GuoDong Group officials to visit Pakistan for more detailed discussions with relevant stakeholders. 'She assured the delegation of the Government's full support and facilitation to help realize these investment initiatives,' the IT ministry said.
South China Morning Post
7 days ago
- Automotive
- South China Morning Post
Tesla's bid to regain China market share, BYD outsells BMW in Hong Kong: 7 EV reads
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world's largest electric vehicle (EV) market amid increasing competition from domestic rivals. Global sales of electric and plug-in hybrid vehicles surged 24 per cent in June from a year earlier, driven by strong demand in China and Europe, while the US fell behind, according to the market research firm Rho Motion. A worker cleans a robotaxi in Shanghai. Photo: AP Driverless cabs in China could account for 6 per cent of the country's total taxi market, aided by advanced digital infrastructure and consumer willingness to embrace new technologies, according to HSBC.
South China Morning Post
14-07-2025
- Science
- South China Morning Post
China tames ‘sea of death' with high-voltage renewable energy power loop
Chinese construction crews have completed encircling the Tarim Basin – one of the most forbidding places on Earth – with an extra-high voltage 'energy ring'. The project, which has taken 15 years to build, transforms the vast inland basin – home to China's largest desert – into a massive new-energy transmission hub. The 4,197km (2,608-mile) power transmission and transformation project in an area of the Xinjiang Uygur autonomous region known as the 'sea of death' was completed on Sunday, state broadcaster CCTV reported. The final section of the 750-kilovolt loop – now the largest power grid loop in China – was completed at the southern edge of the Taklamakan Desert and is expected to go online in November, marking a major infrastructure milestone for south Xinjiang. The infrastructure includes nearly 10,000 transmission towers along with nine substations that will collect wind, solar, thermal and hydropower, transforming the voltage before sending the electricity back out for consumption, according to state news agency Xinhua. The extended power grid covers an area of 1.06 million sq km (409,268 square miles) and five prefectures in Xinjiang. According to Xinhua, most of the construction was completed along the Taklamakan Desert, which accounts for around 60 per cent of the Tarim Basin's total area.
