ChainThink reports that on August 18, according to X platform, Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated that AGPU's Q2 financial report released four key signals: the advance payment ratio per contract is between 20% and 40%, and $317 million in advance payments were received in August;
The expected contract EBITDA margin is 62% to 76%, higher than CRWV's 59% and NBIS's 50%.
Yi Lihua stated that AGPU is transitioning into a computing power center owner, and will collaborate with DUOS to build a data center, holding a 49% equity stake. In the future, in addition to providing computing power, AGPU will directly own data center facilities and power assets.
The company primarily relies on customer prepayments and bond issuances for short-term financing, which largely covers construction costs, reducing dependence on equity financing and shareholder dilution.
Yi Lihua believes that although AGPU's stock price has risen significantly since the previous research report, it remains severely undervalued relative to the expected billion-dollar order contracts, primarily due to a timing mismatch between order signing, computing power delivery, and financial statement recognition.