Gaole Co., Ltd. (002348.SZ) subsidiary signs 3.195 billion yuan computing power service contract

Zhitong Finance App News, Gaole Co., Ltd. (002348.SZ) issued an announcement. Recently, Harbin Zhichen Technology Co., Ltd. (“Zhichen Technology”), a wholly-owned subsidiary of the company, signed a “Computing Power Service Contract” with the customer (“Company B”) to provide customers with computing power services. The total contract service amount is 3.195 billion yuan (tax included), and the contract service period is 5 years.

The total amount of the contract was 3.195 billion yuan, and it was executed over 5 years. If the contract is successfully implemented, the contract may increase the company's revenue by about 200 million yuan in 2026. Considering the impact of equity incentives, it is expected that the company will still be in a state of loss in 2026. The final impact on performance and confirmation of relevant financial data are subject to the company's audited financial report.

The computing power service contract announced by the company earlier is being delivered in batches as agreed in the contract. Currently, the delivery ratio has reached more than 80%, has been approved by the customer, the management and billing ratio has reached about 75%, and the first reconciliation and invoicing has been completed. The delivery of the computing power service contract that did not meet the announced standards has now been completed. The company's comprehensive computing power service capabilities have been recognized by leading customers and financial institutions in the industry. The announced order is the second-largest order in the company's contract amount. The core computing power equipment and networking equipment have all been prepared, and the networking plan has been agreed upon with the customer. Delivery, networking inspection, and management billing are expected to be completed in August. The signing of this contract will further increase the revenue share of the company's computing power business, promote the transformation and upgrading of the company's strategy, strengthen the cohesiveness of cooperation with leading customers, enhance the team's technical level and service capabilities in the field of computing power services, enhance the company's competitive barriers in the field of computing power, and further expand brand influence.