Gu'ao Technology Surges: Fueled by Control Rights Transfer and Computing Power Theme

Comprehensive Analysis: Gu’ao Technology received the news of control rights change and RMB 432 million private placement disclosed on December 14, combined with the computing power industry layout of the new actual controller Xu Yinghui. On the first day of resumption, it directly hit the daily limit, with trading volume increasing to 50.9 million shares, and the limit-up price of RMB 16.80 hitting a 52-week high, indicating a strong market driven by incremental capital scrambling and thematic promotion [1][2][3][4][5][6][0]. Technically, it shows price increase with volume expansion and MACD bullish pattern; the trend score is 5.0/10 but in a pending confirmation state; KDJ and RSI are obviously overbought, with short-term correction pressure. Key supports such as RMB 16.80 and the 20-day moving average of RMB 13.67 should be watched [0]. Fundamentally, it is still under pressure from indicators such as consecutive losses, gross profit margin dropping to 1.85%, P/B ratio as high as 13x, and P/S ratio reaching 30x. In addition, the shares of the former actual controller Chen Chongjun are judicially frozen with a high pledge rate, reflecting underlying issues in corporate governance and financial stability [0][3][4].
Key Insights: This round of strength is driven by three logics—shell resource revaluation, computing power theme, and financial technology (digital RMB) imagination. Combined with the new actual controller’s layout of computing power centers in 14 cities nationwide and previous investments in projects like Maixinlin, it forms market expectations for future business transformation and asset injection; however, the company clarified that there are no restructuring plans in the next 12 months, and the private placement funds are only used for liquidity supplementation, indicating that the current catalysts are mainly speculative, and substantive business development and computing power implementation still need to be observed [5][6][7][8][3][4]. Fundamentals are overvalued in the short term and need to wait for substantive results in the long term.
Risks and Opportunities: Risks include ST/delisting risk due to continuous losses, extremely high valuation without profit support, technical overbought and pending trend confirmation, uncertain theme realization, and rapid stock price fluctuations caused by short-term games dominated by hot money; opportunities lie in the potential transformation imagination provided by the new actual controller’s computing power resources and financial technology customer base. If substantive cooperation or injection is disclosed later, it will become an important support for continuing the rise. In addition, signals such as second-board acceptance, institutional allocation on the Dragon and Tiger List, and private placement progress can be closely tracked to judge whether the enthusiasm is sustainable [0][5][6][7][8].
Key Information Summary: Although Gu’ao Technology’s fundamentals are still weak, the short-term strength driven by control rights change and computing power theme has been formed; if you want to continue participating, you need to pay attention to the resistance at RMB 16.80, support at RMB 13.97, and the pre-suspension price of RMB 14, and be alert to high volatility and market sentiment reversal. This target is more suitable for experienced short-term investors; ordinary investors and value funds should remain on the sidelines or avoid it, and existing holders may consider reducing positions on rallies.