DGT to Acquire Whale Cloud for Control in 5.09 Billion Yuan Expansion with 150% Profit Surge

On July 7, Qingdao DGT Energy Saving Equipment Co., Ltd. announced progress on its share suspension and its plan to acquire controlling interest in Whale Cloud Technology, alongside a fundraising round. The deal, involving a combination of share issuance and cash payment, is classified as a major asset restructuring but will not alter DGT’s controlling shareholder.

DGT, a national “Little Giant” in the energy-saving equipment sector, is renowned for its carbon black and high-temperature heat exchange technologies. Its client base includes the world’s top 10 carbon black manufacturers. In 2024, DGT reported 5.09 billion yuan in revenue, up 64.21% year-on-year, with overseas business contributing 59.28%. Net profit attributable to shareholders soared 150.15% to 96.72 million yuan.

The target, Whale Cloud, established in 2003 with a registered capital of 972 million yuan, is a global software and IT service provider. It covers telecom software, cloud management, and digital solutions for multiple industries. Whale Cloud, formerly ZTEsoft, was once a ZTE subsidiary and now counts Nanjing Xiruan, ZTE, and Nanjing Jiayuteng among its top shareholders.

DGT’s share has been suspended since June 30. This acquisition signals an accelerated push into digital transformation, with both parties poised to reshape industrial intelligence and global competitiveness.