Leon Technology Co., Ltd. provides information and communication technology services in China. It offers AI computing power services, including computing power, scheduling, cloud, and AI operations and maintenance, as well as IDC data center services such as server hosting, data storage, network services, equipment rental, and IT maintenance. The company also provides smart city, transportation, campus, public security, and agriculture solutions for the public security, procuratorate, and court industries. Founded in 1996, it is based in Ürümqi, China.
Leon Technology subsidiary plans to acquire 100% stake in Boxi Data for 193 million yuan; director Ge Liangdi votes against
Leon Technology announced on the evening of September 15 that its board of directors had approved a proposal for a subsidiary to acquire 100% equity in Kunshan Boxi Data Technology Co., Ltd., but director Ge Liangdi cast a dissenting vote. According to the announcement, Leon Technology's second-tier wholly owned subsidiary, Leon Cloud Data Kunshan Co., Ltd., plans to acquire 100% equity in Boxi Data for 193 million yuan in cash, aiming to seize development opportunities in the computing hub around Shanghai and improve the strategic layout of computing nodes in the Yangtze River Delta. Ge Liangdi's reason for opposing was that the board did not provide the materials necessary to review the proposal, including Boxi Data's actual controller, the financial due diligence report from BDO China Shu Lun Pan Certified Public Accountants, and Leon Technology's project feasibility analysis, which prevented her from fully assessing the feasibility and risks of the acquisition. Leon Technology responded that it had provided all directors with the reference materials needed for review and replied to requests for supplementary information, that the transaction does not fall under circumstances where regulations require an audit of the target company, and that a due diligence report is not a legally required document, adding that the company has performed prudent verification of the target company. The announcement shows that Boxi Data's core assets are industrial land on the south side of Xingpu Road and east side of Wangxing Road in Lujia Town, Kunshan, and an under-construction computing center project. As of August 31, 2026, total assets were 387 million yuan and net assets were 193 million yuan. The company had not yet generated operating revenue in 2025 or the first eight months of 2026, with net losses of 357 million yuan and 222 million yuan respectively, mainly due to expenses such as stamp duty and handling fees.
Cloud & Digital Infrastructure › Telecom Towers, Fiber & Colocation Capital
300603.CS · Capital · Neutral Board approved a 193 million yuan cash acquisition of Boxi Data, but a director dissented over missing due-diligence materials, making the impact mixed.
昆山博玺数据科技有限公司 · Capital · Neutral Boxi Data is the acquisition target valued at 193 million yuan, with no revenue and an under-construction computing center, so the deal's impact on it is unclear.
立昂云数据（昆山）有限公司 · Capital · Neutral Leon Cloud Data Kunshan is the second-tier subsidiary named as the acquirer of Boxi Data, but the article gives no independent impact on it.
Leon Technology's 2026 interim report shows net loss of 48.9193 million yuan
Leon Technology released its 2026 interim report, with total operating revenue of 359 million yuan, down 4.49% year-on-year, and net profit attributable to the parent company of negative 48.9193 million yuan. Net cash flow from operating activities was negative 67.5431 million yuan, a decrease of 50.5603 million yuan compared with the same period last year. The company's asset-liability ratio was 38.50%, gross margin was 8.74%, ROE was negative 3.94%, and diluted earnings per share was negative 0.11 yuan. The number of shareholders was 38,200, and the top ten shareholders held 29.35% of the total share capital.
Shanghai unveils new computing power subsidy policy; Leon Technology hits 20% daily limit in 3 minutes
On August 13, computing power leasing stocks strengthened in China's A-share market. Leon Technology surged to its 20% daily limit just three minutes after the open. Chengdi Xiangjiang achieved its third consecutive daily limit. Jiadu Technology and Litong Electronics also hit daily limits, while Cambricon, Inspur Information, and Runze Technology followed higher. On the news front, US AI computing power leasing company Nebius reported second-quarter revenue of 582.3 million US dollars, up 454% year on year, and its shares soared more than 34% overnight. CoreWeave's second-quarter revenue doubled to 2.58 billion US dollars. The company said gross margins on newly signed computing power contracts in the second quarter were 5 to 10 percentage points higher than in previous quarters, and its shares rose more than 19% overnight. The Shanghai Municipal Development and Reform Commission issued an action plan for implementing measures to further promote private investment. It proposes carrying out computing power subsidies in accordance with laws and regulations, supporting private enterprises in renting intelligent computing resources for large model research, development, training, and applications, and encouraging universities, research institutions, and state-owned enterprises to use data storage and computing power resources built by various types of business entities, including private enterprises. It also promotes the issuance of computing power vouchers, model vouchers, and corpus vouchers to reduce the cost of using digital factors. A research report from China International Capital Corporation believes that AI remains the main medium-term prosperity line, but high-level computing power hardware has entered a phase of differentiation. Capital is gradually spreading to AI application areas such as AIGC, culture and media, and data factors. Going forward, attention should be paid to earnings delivery and crowding risks.
Leon Technology Plans Private Placement to Raise Up to 255 Million Yuan for AI Computing Resource Pool
Leon Technology announced plans to issue shares to specific investors through a simplified procedure, raising no more than 255 million yuan. The funds will be used for the Leon Cloud Data AI computing resource pool project and to supplement working capital.
On the evening of July 28, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued significant positive announcements. Zhongji Innolight's chairman and president Liu Sheng proposed that the company repurchase shares worth 4 billion to 8 billion yuan for equity incentives or employee stock ownership plans. BOE Technology's controlling shareholder, Beijing Electronics Holdings, plans to increase its shareholding by 500 million to 1 billion yuan. Kingsoft Office expects a net profit attributable to the parent company of 2.316 billion to 2.719 billion yuan in the first half of 2026, a year-on-year increase of 209.98% to 263.89%, with some external investment fund projects achieving good returns. Wanma Technology's subsidiary, Wanma Polymer, plans to invest in cable material projects in Lin'an, Hangzhou, and the West Coast of Qingdao, with a total investment of approximately 820 million yuan. Jiuzhou Yigui's wholly-owned subsidiary plans to invest in an advanced semiconductor wafer laser stealth dicing industrialization project, with a total investment not exceeding 630 million yuan. In addition, Sanyou Chemical's controlling subsidiary plans to purchase a 31% stake in Sanyou New Materials, Daimei Auto Parts plans to acquire 100% equity of Rongming Technology, Leon Technology plans to raise no more than 255 million yuan through a private placement for an artificial intelligence computing resource pool project, Yandong Microelectronics' controlling shareholder's controlling subsidiary plans to increase its shareholding by 150 million to 300 million yuan, and Hongfuhan's liquid cooling business orders are progressing steadily.
China