HK Stock Mover | Junzhi Group Rose Over 11%, Expected to Win Bid for China Tower's 981 Million Yuan Feeder Product Centralised Procurement Project

According to Zhitong Finance, Junzhi Group (01300) surged over 11%. As of the time of writing, the stock was up 9.26% at 1.18 HKD, with a turnover of 7.5495 million HKD.

On the news front, Junzhi Group recently announced that China Tower Corporation published the results of the selected candidates for its 2026 Feeder Products (Signal Cables) Concentrated Procurement Project via its online business platform (hereinafter referred to as the "Bid Award Announcement"). The Group's wholly-owned subsidiary, Jiangsu Junzhi Technology Co., Ltd. (hereinafter referred to as "Junzhi Technology"), was a successful bid candidate and was preliminarily selected for China Tower Corporation's 2026 Feeder Products (Signal Cables) Concentrated Procurement Project. The total value of this tender and bid was approximately 981 million yuan (tax exclusive), with Junzhi Technology ranking third among the winning bidders.

China Tower Corporation is one of the Group's major clients. This signal cable centralised procurement will play a positive role in promoting both 5G and the construction of AI Data Centres (AIDCs) in China. To address the rapid growth in global artificial intelligence (AI) computing demand, the Group is making high-intensity strategic investments to fully expand its business presence in the domestic AIDC sector. As AIDC construction in China continues to expand and develop rapidly, the Company expects this business segment to make increasing contributions to the Group's overall business, becoming a core engine driving the Group's operations and leading the Group into a new cycle of high-quality development.