Jinpan Technology (688676.SH) signed an overseas data center project contract worth about 696 million yuan

Zhitong Finance App News, Jinpan Technology (688676.SH) announced that the company and its holding subsidiary signed a contract with overseas customer F for the data center project to provide electricity products. The contract amount was US$98.9922 million, calculated based on the exchange rate of US$1 to RMB 7.0348 yuan announced by the Foreign Exchange Center of the People's Bank of China on December 30, 2025, which is equivalent to about RMB 696 million.

Currently, the global digital economy and demand for intelligent computing power continue to explode. AIDC (Artificial Intelligence Data Center), as the core form of next-generation computing power infrastructure, is driving the entire industry chain to evolve in the direction of efficiency, green and intelligence. The company closely follows global energy and digital transformation trends, and has built a series of AIDC power equipment products covering transformer series, AIDC modular power supply equipment, energy storage series, etc., and has continuously improved product layout, service capabilities and intelligent manufacturing advantages in the AIDC industry chain.