Central New Energy (01735) changed its name to “Central Smart Computing”, and a new generation of potential Hong Kong stock smart computing stocks was launched

On September 28, Zhonghuan New Energy (01735) announced a major announcement. The company plans to change its name to “Zhonghuan Intelligent Computing Technology Holding Group Co., Ltd.”, and the English name will also be changed from Central New Energy Holding Group Limited to Central AI Technology Group Limited at the same time. In the first half of the year, the revenue of the AI computing power business broke through the 1 billion yuan mark, accounting for nearly 20%. In fact, at the historic point where it assumed the second growth curve, Zhonghuan Renewable Energy's name change was not a simple change of company name, but a strategic announcement focusing on the AI intelligent computing circuit.

Zhitong Finance believes that from “new energy” to “intelligent computing technology,” the adjustment in just a few words is actually a shift in development tracks and a restructuring of the business structure, which indicates that the company's growth logic is evolving in depth from photovoltaic manufacturing as the core driver to a compound growth model of “new energy+AI+computing power.”

The name change did not come out of thin air. The reason given in the Zhonghuan Smart Computing announcement is clear — the company is actively seizing the opportunities of rapid market growth brought by the global artificial intelligence industry, and plans to invest, build and operate data centers in the future. This statement by Zhonghuan Intelligent Computing is also highly consistent with the trend of changes in mid-report results previously disclosed by the company. In the first half of this year, Zhonghuan Smart Computing's AI chip and server division revenue reached approximately HK$1,047 billion, accounting for 16.5% of the company's total revenue, showing strong growth momentum. In the announcement, the board of directors of Zhonghuan Smart Computing stated bluntly that the new name “better reflects the current status and future direction of the Group's business development.” In other words, the current adjustment of the Zhonghuan Intelligent Computing name is nothing more than establishing the qualitative changes in the business that have already occurred in a way that the market can intuitively perceive.

Moving down this logic, the deeper meaning of the name change is probably the change in the valuation coordinate system. When Central is still named “new energy,” the capital market inevitably habitually measures it using the framework of the photovoltaic industry. However, when the AI chip and server business has substantially contributed more than 16% of revenue, and the company clearly wants to increase the AI computing power business, it is clearly out of place to continue using the old valuation system. The new name “Zhonghuan Intelligent Computing” points to new value dimensions such as the scale of computing power, token output capacity, and data center operation efficiency. The name has changed, and the market's perspective on this company needs to be adjusted accordingly.

Further, Zhonghuan Renewable Energy's current name change is essentially a “fulfillment” of its strategic direction and an “alignment” of its strategic identity. The company has already achieved substantial results on the AI computing power circuit, and according to an insider, the investment and operation of the company's data center has also been implemented. When the essence of the business reaches this point, if the company name and capital market's perception of it remain within the old framework of “new energy,” they will instead create a kind of misunderstanding. The meaning of the name change is to eliminate this misalignment and keep the name of the company in line with what it is doing.

As for the actual impact that the name change may have, Zhonghuan Smart Computing's announcement also clearly stated that the company name change will not affect the rights of any shareholders, nor will it affect the company's daily business operations and financial situation. After the subsequent name change takes effect, the company's securities will also be traded on the Stock Exchange under the new name.

From “new energy” to “intelligent computing technology,” the company changed its name once to complete the final confirmation of its strategic focus. After the name change, ZCC is expected to accelerate faster growth on the AI intelligent computing circuit. What is more expected is that in the near future, the AI computing power business is expected to truly become the “core engine” of Zhonghuan Intelligent Computing from the “second curve”.