*ST东易：和林格尔智算中心尚未建成投产

Core Viewpoint - *ST Dongyi's announcement highlights that the Helinger Intelligent Computing Center, which is expected to receive a significant donation from industrial investors, has not yet been completed or put into operation, raising concerns about future funding and construction timelines [1] Group 1: Project Status and Risks - The Helinger Intelligent Computing Center has not been completed, which poses risks of insufficient future funding and extended construction timelines [1] - Increased market competition may lead to lower cabinet utilization rates at the center, potentially resulting in profitability that falls short of expectations [1] Group 2: Financial and Operational Concerns - The revenue and profit scale of the industrial investors involved is relatively small, which raises concerns about the ability of the listed company to undertake new orders due to lack of relevant qualifications [1] - There are risks associated with the inability of the industrial investors and Chang Kong Construction to introduce new orders according to the operational plan, as well as potential declines in order scale and profit levels due to intensified market competition [1]