Deep Analysis of the Reasons for Shida Group (600734) Continuous Limit-Ups and Market Impact

This analysis is based on the limit-up event of Shida Group (600734) reported by tushare_zt_pool [0], combined with the company’s announcements [1] and market data [2][3], to explore the driving factors, market sentiment, and potential risks behind its consecutive limit-ups. As a company controlled by the Fujian State-owned Assets Supervision and Administration Commission, Shida Group has recently gained market attention due to its AI computing power layout, Huawei cooperation, and winning bids for orders, but its high valuation and loss status require vigilance.

Shida Group (600734) is a state-owned enterprise mainly engaged in big data and IoT security [0]. It saw consecutive limit-ups on November 20-21, 2025, with a closing price of 4.62 yuan [0]. The driving factors include: 1) Layout in AI computing power field: Core partner of Huawei’s AI container ecosystem, developing intelligent computing cloud products [0][5]; 2) Major orders: Won the bid for the second phase of Karamay Intelligent Computing Center (210 million yuan) and virtual power plant project (35.98 million yuan) [0]; 3) State-owned enterprise background: Fujian SASAC holds 26.11% of shares, enhancing market confidence [0]. Market data shows that the two-day increase deviation exceeded 20% [3][7], and Dragon and Tiger List data reflects active capital [2].

In terms of cross-domain correlation, Shida Group successfully combined its state-owned enterprise background with AI technology trends, becoming a market hotspot [0][5]. The deep implication is that the AI computing power concept has a valuation reconstruction effect on the transformation of traditional state-owned enterprises, but it is necessary to distinguish between short-term speculation and long-term value [0].

: 1) Overvaluation: P/E ratio of 1618 times and P/B ratio of 29 times are far higher than the industry average [0]; 2) Operating loss: Net profit of -87.57 million yuan in the first three quarters of 2025 [0]; 3) Acquisition uncertainty: The planned acquisition of 95% equity of Fujian Digital Industry Mingshang Technology has variables [0]; 4) Abnormal fluctuation risk: Has triggered the exchange’s abnormal fluctuation announcement [1].
: Growth potential of the AI computing power industry [5], technology and market resources brought by Huawei cooperation [0], and policy support for state-owned enterprise reform [0].

Shida Group’s limit-ups reflect the market’s pursuit of the AI computing power concept, but there is a significant deviation between its fundamentals and valuation. Investors should pay attention to the company’s subsequent order implementation, acquisition progress, and profit improvement [0][1], and rationally evaluate the balance between short-term sentiment and long-term value.