Analysis of the Impact of 87% Increase in Northbound Capital Holdings on Oread's Stock Price

Based on the latest data and research reports, I will provide you with an in-depth analysis of the impact of the 87% increase in Northbound Capital holdings on Oread’s stock price.

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According to data from Eastmoney.com, Hong Kong Securities Clearing Company Limited (representing Northbound Capital) holds

of Oread, an increase of from the previous period, with the shareholding ratio [1]. This significant increase indicates high attention from international capital towards Oread.

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Oread’s 2025 Q3 report shows that the company achieved a

, a year-on-year —a growth rate extremely rare in the A-share market[1]. In addition, the company’s gross profit margin was , an increase of year-on-year, indicating a significant enhancement in product profitability.

1. Layout of AI Agent Business
   : Oread is regarded by the market as the “only hidden champion in AI agents”. The company has established intelligent computing power subsidiaries in Beijing, Shanghai, Shenzhen, and Harbin. Among them, Beijing Intelligent Computing Power has a registered capital of RMB 30 million, and its servers were put into operation in November 2023[1].

2. Optimization of Sales Cycle
   : The company’s sales cycle has shortened to
   62 days
   , a year-on-year acceleration of
   7.83%
   , reflecting a significant improvement in operational efficiency.

3. 26.35% Growth in Inventory
   : indicating that the company is actively stocking up for business expansion.

However, there is a contradiction in the financial data: the cash collection cycle has reached

, slowing down by year-on-year. This means that although sales speed has accelerated, cash recovery efficiency has declined, and attention should be paid to accounts receivable risks[1].

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Time Period	Price Change
Past 5 Days	+4.55%
Past 1 Month	+14.29%
Past 3 Months	+6.67%
Past 6 Months	+10.18%
Past 1 Year	+58.62%
Past 5 Years	+264.36%

Indicator	Value	Signal
Latest Closing Price	RMB 3.68	-
20-day Moving Average	RMB 3.44	Support Level
10-day Moving Average	RMB 3.58	-
5-day Moving Average	RMB 3.75	Short-term Resistance
20-day Volatility	2.04%	Medium Volatility
Beta Coefficient	0.15	Low Beta, Strong Downside Resistance
KDJ	K:67.5, D:76.2	Neutral to Bearish
MACD	No Crossover	Neutral to Bullish

: Currently in a , the reference trading range is , with no clear breakthrough signal[0].

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The 87% significant increase in Northbound Capital’s holdings provides

for the stock price. Historical experience shows that individual stocks with continuous inflows of Northbound Capital often enjoy a market premium. Especially against the backdrop of limited incremental capital in the current A-share market, foreign capital movements are of indicator significance.

The increase in Northbound Capital’s holdings may trigger

:

• The current
  PE (TTM) is 56.56x
  , higher than the industry average
• PB is 7.36x
  , at a relatively high level
• Market expectations for the company’s AI transformation may drive the valuation center upward

Oread is regarded by Northbound Capital as a “basic infrastructure provider for the AI agent ecosystem”, and its nationwide computing power network layout has

[1]. Northbound Capital may be betting on the company’s future transformation to AI computing power and AI agents.

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1. Valuation Risk
   : The current PE is as high as 56.56x, and there is doubt whether performance growth can continue to support the high valuation

2. Cash Collection Risk
   : The extended cash collection cycle indicates pressure on cash flow management

3. Transformation Risk
   : AI business requires huge investment, and the effectiveness of technical reserves and market development remains to be seen

4. Market Sentiment Risk
   : After the 1156.78% surge in performance, the market may have overly optimistic expectations

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The 87% increase in Northbound Capital’s holdings forms

for Oread’s stock price. However, considering:

• The stock price has rebounded by over 58% from its low
• Valuation is in a historically high range
• Technicals are in a consolidation phase

It is recommended that investors

and pay attention to the breakthrough of the RMB 3.44 support level and RMB 3.74 resistance level. If the stock can effectively break through RMB 3.74 accompanied by increased trading volume, upward space is expected to open up; otherwise, it may pull back to confirm support.

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[1] Eastmoney.com - 87% Holdings Increase! Northbound Capital Locks in the Only Hidden Champion in AI Agents (https://caifuhao.eastmoney.com/news/20260118063758710184400)

[0] Jinling AI Financial Database - Technical Analysis and Market Data for Oread (600666)