Kehua Data Co. Ltd.: Riding the AI‑Driven Upswing in China’s Technology Sector
The Shenzhen‑listed cloud‑services provider, Kehua Data Co. Ltd. (002335), has recently benefited from a confluence of market dynamics that have lifted the broader technology landscape. While the company’s core business—offering data‑center consulting, design, integrated management, and smart energy solutions—remains steady, its share price has surged in response to sector‑wide momentum and institutional activity.
Market Context
On September 11, 2025, a ripple effect originating from the U.S. market spilled over into the Chinese equities arena. Oracle’s historic 36 % intraday jump triggered a cascade of gains in the AI, chip, and computing segments. Chinese peers such as Huanwu (688256) and Xingsheng (688256) saw double‑digit gains, reinforcing confidence in technology themes. This backdrop coincided with the announcement that OpenAI had signed a five‑year, $300 billion cloud‑compute contract with Oracle, underscoring the strategic importance of cloud infrastructure across both markets.
Within the same day, the A‑share market recorded 73 “limit‑up” stocks and 48 halted stocks, with the electronic and communication sectors leading the rally. This sector‑wide enthusiasm provided a fertile environment for companies like Kehua Data that operate at the intersection of cloud computing and energy management.
Kehua Data’s Positioning
Kehua Data’s business model aligns well with the current emphasis on high‑performance computing (HPC) and sustainable energy solutions:
| Segment | 2025 Revenue Share | Key Offerings |
|---|---|---|
| New Energy Products | 49.62 % | Smart power supplies, UPS systems |
| Data Center Products | 21.01 % | Server racks, cooling infrastructure |
| IDC Services | 16.43 % | Design, implementation, operation |
| Smart Energy Management | 11.77 % | IoT‑enabled monitoring, AI‑driven optimization |
The company’s recent focus on liquid‑cooling servers and AI‑centric compute platforms has drawn attention from both retail investors and institutional funds. Notably, the “liquid cooling server” concept—a hot topic in 2025—has seen sustained upward pressure, with related stocks such as Kehua Data and Zhongji Xuchuang enjoying significant gains.
Institutional Support
A key driver of the recent price rally has been fund activity. As reported on September 11, 2025, People’s Insurance Asset Management’s three funds collectively held 27,300 shares of Kehua Data, generating a combined daily unrealized gain of ¥87,400 based on the closing price of ¥57.05. This institutional confidence signals a belief that the company’s strategic positioning in the evolving cloud‑energy ecosystem is sound.
In addition, the company disclosed that it had recycled a portion of unused fundraising capital into cash management, a move that underscores its prudent liquidity stance while maintaining flexibility for future growth initiatives.
Financial Snapshot
| Metric | Value |
|---|---|
| Market Cap | 28 bn CNH |
| Price‑to‑Earnings | 79.76x |
| Close (09/09/2025) | ¥57.05 |
| 52‑Week High | ¥63.55 |
| 52‑Week Low | ¥18.36 |
The high P/E ratio reflects market optimism about the company’s future growth potential in the high‑margin sectors of cloud computing and smart energy.
Outlook
Looking ahead, several factors could sustain or accelerate the upward trajectory:
Continued AI Adoption – As enterprises increasingly adopt AI workloads, demand for liquid‑cooled, energy‑efficient data‑center infrastructure will grow, directly benefiting Kehua Data’s product lines.
Government Incentives – China’s focus on “high‑quality development” and the “十四五” industrial policy includes support for green data‑centers, providing a favorable regulatory environment.
Strategic Partnerships – The company’s engagement with key industry players—such as the integration of its UPS solutions in large‑scale AI clusters—could open new revenue streams.
Capital Allocation – With a healthy cash balance and a track record of prudent fund management, Kehua Data is positioned to invest in next‑generation technologies without compromising financial stability.
In sum, Kehua Data Co. Ltd. has leveraged a confluence of sectoral momentum, institutional confidence, and strategic positioning within the AI and energy domains to achieve a notable share price rally. As the Chinese technology market continues to evolve, the company’s focus on sustainable, high‑performance infrastructure places it well to capitalize on the next wave of digital transformation.