SHCD(SH:603887) Zhi Tong Cai Jing·2025-08-07 15:02Core Viewpoint - The company Chengdi Xiangjiang (603887.SH) has signed a six-year IDC hosting service agreement with an internet company, starting from October 1, 2025, to September 30, 2031, for its "Hutai Smart Cloud Valley Digital Technology Industrial Park Data Center" project [1] Summary by Sections Agreement Details - The agreement includes two phases of service: - Phase One involves approximately 2,200 high-power cabinets, with a service period starting from the delivery date until the end of the six-year term plus two optional years [1] - Phase Two includes a flexible commitment of about 3,400 high-power cabinets, with delivery timing based on the client's future needs, and a separate agreement will be signed for this phase [1] Additional Resources - The company will reserve an additional approximately 5,500 high-power cabinets for the client, who will have the right of first refusal (ROFR) for these resources under the same commercial terms as the main contract, with a 30-day notice required for exercising this right [1] Financial Aspects - The estimated contract value for Phase One is not to exceed 1.811 billion yuan, with revenue recognized based on actual deployment over the entire cooperation period [1] - The estimated contract value for Phase Two is not to exceed 2.716 billion yuan, with specific operational service details, delivery periods, and payment terms to be determined in a future agreement [1]