HUATIE(SH:603300) Zheng Quan Shi Bao·2025-10-01 00:19Core Viewpoint - Hainan Huatie's subsidiary terminated a 3.69 billion yuan computing power service agreement due to market changes and lack of purchase orders, prompting regulatory scrutiny from the Shanghai Stock Exchange [2][4][6] Group 1: Contract Termination - The computing power service agreement was originally signed in March for a five-year term, with an expected annual revenue of approximately 700 million yuan [4][6] - The termination was attributed to significant changes in market conditions and supply-demand dynamics since the contract was signed, with no purchase orders received [6][7] - The company confirmed that the termination of this routine business contract would not impact its normal operations or long-term strategic plans in the computing power sector [7] Group 2: Company Strategy and Operations - Hainan Huatie has been focusing on expanding its computing power services and has established a digital technology division to enhance its capabilities in the AI industry [7] - The company has reported delivering computing power assets exceeding 1.4 billion yuan as of the end of the reporting period [7] - Hainan Huatie's business primarily involves equipment leasing, with a focus on engineering equipment services and intelligent computing services [7]