Li Yihua brings up US-listed AGPU again: The company is severely undervalued, and four major positives will be unveiled in its Q2 earnings report.

Yilihua, founder of Liquid Capital (formerly LD Capital), published an article noting that AGPU’s Q2 financial report releases four key signals: First, the advance payment ratio per contract ranges from 20% to 40%, with $317 million in advance payments received in August, demonstrating customer credibility and the company’s delivery capabilities. Second, the contracts boast strong profitability, with an expected EBITDA margin of 62% to 76%, higher than CRWV’s 59% and NBIS’s 50%. Third, AGPU is shifting toward becoming a computing power center holder. It will partner with DUOS to build data centers, holding a 49% stake. Going forward, it will not only provide computing power but also directly own server room and power assets, which is expected to boost long-term cost control and bargaining power. Fourth, short-term financing relies mainly on customer advance payments and bond issuances, which fully covers construction funds, reducing reliance on equity financing and shareholder dilution pressure. Yilihua argues that although AGPU’s stock price has risen notably since his previous research report, it remains severely undervalued relative to its expected $10 billion-level order contracts. The core reason is the time mismatch between order signing, computing power delivery, and financial report recognition. Earlier, on July 27, Yilihua analyzed computing power firm AGPU, stating it "is about to announce a new $1.5 billion contract, bringing its total contracts to over $3 billion, with the potential to hit $10 billion in total contracts this year. Critically, AGPU’s financing method avoids ATM equity, safeguarding investor interests, and these contracts will soon be reflected in upcoming financial reports."