Pingo Software (688227) Limit-up Analysis: Driven by Domestic Computing Power Cooperation and Market Sentiment Interpretation

Pingo Software (688227), as a Sci-Tech Innovation Board (STAR Market) enterprise engaged in cloud computing and industry informatization services, has BingoCloudOS full-stack enterprise cloud platform as its core product [1]. The main driving factors for its recent limit-up include: in-depth cooperation with Jiangyuan Technology in the domestic computing power chip field, realizing a full-stack layout from cloud platform software to computing power hardware [3]; continuous release of dividends from the Information Technology Application Innovation (ITAI) policy, and the company benefiting from the domestic substitution trend [4]; on November 20, 2025, its stock price reached 49.02 yuan with a single-day gain of 20% [2]; in addition, the company had a 12% share transfer via agreement, indicating attention from the capital market [0].

1. Industrial Synergy Effect
   : The integrated layout of software (cloud platform) and hardware (computing power chips) aligns with the development trend of the digital economy and enhances the company’s core competitiveness.
2. Policy and Market Resonance
   : Policy support for the ITAI sector combined with market capital inflow into tech stocks drives the stock price upward.
3. Increased Capital Attention
   : The share transfer event reflects institutional recognition of the company’s development prospects.

• Opportunities
  : Growth in domestic computing power demand, continuous implementation of ITAI policies, and accelerated digital transformation bring development space for the company.
• Risks
  : The tech sector is highly volatile; intensified industry competition may affect profit expectations; need to pay attention to policy implementation intensity and changes in market sentiment.

Pingo Software achieved limit-up by leveraging its advantages in domestic computing power cooperation and ITAI policies, with strong stock performance in 2025. Investors should pay attention to the company’s technological R&D progress, the implementation of cooperation projects, and industry policy trends to rationally evaluate investment value.