Jumped on the Sora hot topic Sinodata Co., Ltd. (002657.SZ) afternoon second board! Shenzhen Stock Exchange quickly sent a letter of concern.

On February 21, Sinodata Co., Ltd. (002657.SZ) saw a sharp increase in its stock price after the market opened in the afternoon, due to the news of a business cooperation seminar with Microsoft China regarding the Sora model, which was published on its WeChat official account. That evening, Sinodata Co., Ltd. received a letter of concern from the Shenzhen Stock Exchange, requesting an explanation on whether there was any stock price manipulation based on hot concept speculation. The company's official WeChat account stated that Sinodata Co., Ltd. is a partner of Microsoft's MAICPP Data and Artificial Intelligence, and on February 20, they held a business cooperation seminar with Microsoft China regarding the recently released Sora video model. Additionally, Microsoft experts mentioned that, based on their friendly cooperation, after OpenAI opens up the commercial capabilities of Sora to Azure, Sinodata Co., Ltd. will be able to apply for and receive the first Sora API subscription qualification. Following the release of this news, Sinodata Co., Ltd.'s stock price sharply increased after the market opened in the afternoon, closing at 14.4 yuan on February 21, with nearly 200,000 buy orders still pending at the limit-up price, and a total trading volume of 348 million yuan for the day. In response to the sudden rise in Sinodata Co., Ltd.'s stock price, the Shenzhen Stock Exchange issued a letter of concern to the company. The exchange requested detailed explanations on the specific cooperation model with Microsoft China, the relevance to the company's main business, the related business main revenue and proportion, net profit and proportion, among other requirements. Additionally, Sinodata Co., Ltd. was asked to explain the basis and rationality of its statement on WeChat official account regarding being able to apply for and receive the Sora API subscription first. Sinodata Co., Ltd. mainly serves the financial industry and government and public utility sectors, providing comprehensive financial technology services and data center services. According to the company's financial reports, Sinodata Co., Ltd. is expanding into digital currency, blockchain, and AIGC innovative businesses based on its financial technology services, in addition to launching its Intelligent Computing Center business utilizing accumulated customers and technologies in the data center services. It is worth noting that in September 2023, Sinodata Co., Ltd. disclosed its intention to invest 200 million yuan to establish a wholly-owned subsidiary "Beijing Sinodata Co., Ltd. Smart Computing Technology Co., Ltd." to enter the computing power field. The announcement indicated that the subsidiary's main business includes consultancy, construction, operation, and renovation of computing power centers; computing power leasing and operation; customized development services for industry and enterprise vertical large models, AI application ecosystem services, GCI business, among others. Furthermore, Sinodata Co., Ltd. recently stated on its investor interaction platform that the company's AGI planning covers the computing power layer, the model layer, the application layer, including the construction and operation of Intelligent Computing Centers, computing power optimization, vertical large model development, intelligent agent building, to establish full-stack AGI service capabilities. At the same time, Sinodata Co., Ltd. has frequently mentioned computing power, metaverse, and AI-related concepts in its recent WeChat official account messages. The Shenzhen Stock Exchange required Sinodata Co., Ltd. to provide detailed explanations on the internal review, control, and management processes related to the release of articles on its WeChat official account, addressing the presence of misleading statements and hot concept speculation in stock price manipulation.