Pinggao Co., Ltd. (688227) Limit-Up Analysis: Strategic Binding with Jiangyuan Technology and Opportunities in Domestic Computing Power Track

Pinggao Co., Ltd. (688227) is a cloud computing and industry informatization service provider listed on the Science and Technology Innovation Board, focusing on providing digital transformation services for government and enterprise customers [0]. The core driving factors for the company’s recent limit-up include: reaching a deep strategic cooperation with Jiangyuan Technology involving a 400 million yuan capital increase + 500 million yuan equity transfer, realizing two-way shareholding binding [1]; In the first three quarters of 2025, revenue increased by 12.77% year-on-year, and the growth rate in Q3 alone reached 32.42% [0]; Jointly launched the ‘Pingyuan AI All-in-One Machine’ to build a full-stack layout from cloud platforms to computing power chips [0]. In addition, benefiting from policy support for domestic computing power (such as the release of innovative achievements at the 2025 World Computing Conference [3]) and the development of the Xinchuang industry [5], the industry prosperity continues to improve.

Pinggao Co., Ltd.'s limit-up reflects the market’s strong confidence in the domestic computing power and Xinchuang tracks [0]. Its cooperation with Jiangyuan Technology fills the layout gap from cloud software to computing power chips, enhancing core competitiveness [1]. With over 60% coverage in the rail transit industry and nearly a thousand operator project cases, it shows deep industry accumulation [0].

: Policy dividends for domestic computing power are being released [3], and the full-stack layout is expected to open up a new growth pole [0]. : Limit-ups driven by market sentiment may be accompanied by short-term fluctuations [4], and attention should be paid to subsequent performance fulfillment capabilities [0].

Pinggao Co., Ltd.'s limit-up is the result of the combined effects of strategic cooperation, performance growth, and policy support [0][1][3]. The company’s layout in cloud computing and domestic computing power fields is worthy of attention, but investors should take a rational view of market fluctuations [4].