HK Stock Market Move | SDHG (00412) rose more than 4% in the final trading session. Century Internet's performance exceeded guidance expectations. The company is its largest shareholder.

SDHG (00412) rose more than 4% at the close of trading, rising 4.47% to HKD 6.08 as of the time of writing, with a turnover of HKD 23.51 million. On the news front, Century Internet recently released its performance results. China Securities Co., Ltd. pointed out that the company's revenue and adjusted EBITDA exceeded expectations, significantly improving profitability. The delivery and customer onboarding speed of the base IDCs have significantly improved, with an estimated 406MW of new delivery in the next 25 years. Moody's also stated that it is expected that Century Internet, with the operational synergy with strategic shareholder SDHG, will continue to maintain steady growth in revenue and profits in the next 12-18 months. Public information shows that at the end of 2023, both SDHG and Century Internet announced that two subsidiaries of SDHG completed the equity delivery of a strategic investment of USD 299 million with Century Internet, making SDHG the largest institutional investor and closely coordinated strategic investor of Century Internet. It is reported that SDHG successfully acquired and merged SDHS NEW ENERGY and strategically invested in Century Internet Group, laying a solid foundation for the group's electric calculation technology industry, building a digital economic ecosystem of "AI computing power + data assets + scenario applications".