BRIEF: Cloud Factory profit rises in first half of 2025
Internet data center solutions provider Cloud Factory Technology Holdings Ltd. (2512.HK) announced on Friday that it expects to report its net profit for the six months to June ranged between 14 million yuan ($1.95 million) and 16 million yuan, up 14% to 30% from 12.3 million yuan a year earlier.
The company attributed the profit growth mainly to reduced listing expenses and its ongoing efforts to control operating costs.
Cloud Factory primarily provides internet data center solutions, edge computing services, and information and communications technology services. On Aug. 12, the company announced the formation of a joint venture with Shannon Semiconductor (300475.SZ) to develop the intelligent computing power services market.
The company’s shares opened lower on Friday, and closed at HK$4.22 by the midday break, up 0.5%.
By Lee Shih Ta
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