Shanghai Anoky Group

Anoky has released a revised restructuring proposal, transferring 100% equity of Guangzhou Tuoli Technology Co., Ltd. into Guangzhou Fengyun Information Technology Co., Ltd., to resolve previously disclosed financial data inconsistencies. Calculations show that Tuoli Technology's debt-to-asset ratio reached as high as 94.29% in 2025, and 93.07% in 2024, while Fengyun Information's original business had ratios of 73.42% and 75.35% over the same periods. Tuoli Technology's 2025 revenue was 345 million yuan, with a net profit of 4.1353 million yuan, yielding a net profit margin of 1.20%, completely opposite to the trend of Fengyun Information's original business, where the net profit margin rose from 2.42% to 4.41%. Additionally, Tuoli Technology's business registration shows only one insured employee, and Anoky has not clarified its actual control relationship. On the afternoon of July 28, Anoky's stock price surged by the 20% daily limit.

Several A-share listed companies whose main business is not computing power, including Huace Film & TV, Century Huatong, and Anoky, are entering the computing power sector through different paths, and how to achieve synergy with their main business has become a focus of attention. Huace Film & TV established a wholly-owned subsidiary, Hangzhou Core Computing Metaverse Technology Co., Ltd., to carry out intelligent computing services. As of May 2026, it has formed a computing power scale of 37,000 petaflops, and its computing power business achieved revenue of 126 million yuan in 2025, a year-on-year increase of 602.65 percent, with a gross margin of 36.02 percent. Century Huatong is leveraging its existing data centers to transform into a full industry chain of computing power leasing, computing power operation and maintenance, and cabinet rental, and has invested in building multiple large-scale data centers in the Yangtze River Delta and Pearl River Delta. Anoky entered the computing power market by acquiring Shanghai Gengcong Information Technology Co., Ltd., building a business ecosystem including GPU elastic computing power services, hardware supply, and scheduling platform deployment. All three companies are exploring the integration of computing power with their main businesses. For example, Huace Film & TV uses AI for film and television rendering, Century Huatong provides computing power for game development, and Anoky is building an AI plus physical intelligent manufacturing platform, but the synergy effects still need quantitative data support.