Core Viewpoint - The company announced progress on a significant project involving its wholly-owned subsidiary, which is a candidate for a bid related to the China Mobile Yangtze River Delta (Yangzhou) Data Center EPCO framework procurement project [2][3]. Group 1: Project Details - The project is a follow-up to previously disclosed investment projects, with changes in the original contract leading to a new bidding process for EPC engineering and operation services [2]. - The project involves a consortium where Shenzhen ZTE Communications Technology Service Co., Ltd. holds 30% responsibility, Xiangjiang System Engineering Co., Ltd. holds 52.6%, Shanghai Post and Telecommunications Design Consulting Research Institute Co., Ltd. holds 0.4%, and Shanghai Qisi Cloud Computing Co., Ltd. holds 17% [4][5]. - The bid amount for the project is approximately 1.22 billion yuan (1219602240.00 yuan) [3]. Group 2: Current Status - As of now, the formal contract has not been signed, and the impact on the company's future revenue will depend on the actual contract signed [2][7]. - The project is still in the candidate announcement phase, and there is uncertainty regarding the final award of the bid [2][7]. Group 3: Responsibilities and Roles - The lead member of the consortium, Shenzhen ZTE Communications Technology Service Co., Ltd., is responsible for overall communication with the tendering party and will handle the supply of electromechanical equipment and part of the construction work [4]. - Xiangjiang System Engineering Co., Ltd. is tasked with the construction of computing infrastructure and the supply of equipment for specific buildings [4].

城地香江公告称，2026年1月23日，其全资子公司香江系统工程有限公司与中建三局一公司、上海邮电 设计院组成的联合体，成为"中国移动（宁夏中卫）数据中心机电工程EPC项目（标包1）"中标候选 人，投标含税总价11.26亿元。按协议，中建三局一公司、香江系统工程、上海邮电设计院承担合同工 作量比例分别为20%、79.7%、0.3%。项目仍处公示期（至1月26日00:30），最终能否中标及签订合同 均存不确定性。 ...

Core Viewpoint - The announcement details the progress of the Wuhu Longteng Smart Internet Industry Park Phase I electromechanical engineering project, highlighting changes in the contract and potential impacts on revenue and accounts receivable [2][16]. Group 1: Contract Changes - The newly signed settlement agreement alters the scope of the previously disclosed general contract, which may affect project revenue [2][17]. - The total contract price for the project is approximately RMB 1.98 billion (approximately 1980 million) [3]. - The project consists of three phases, with the contractor required to complete each phase within four months of receiving orders from the client [3]. Group 2: Financial Details - The total settlement amount for the first and second phases is RMB 1,646,484,000 (approximately 1646 million), with RMB 1,434,300,224.52 (approximately 1434 million) already paid by the client, leaving an outstanding amount of RMB 212,183,775.48 (approximately 212 million) [14]. - The third phase will not be constructed by the contractor due to changes in client requirements, and the contractor will coordinate with suppliers to adjust procurement contracts accordingly [15]. Group 3: Project Impact - The project progress and subsequent agreements will allow the subsidiary to complete the necessary work and achieve corresponding revenue, subject to actual audit results [16].

Core Points - Shanghai Chengdi Xiangjiang Data Technology Co., Ltd.'s wholly-owned subsidiary, Zhenjiang Xiangjiang Cloud Power Technology Co., Ltd., signed a maximum guarantee contract with Xiangjiang System Engineering Co., Ltd. for a bank loan of 48 million yuan from Agricultural Bank [1] - The guarantee method is joint liability guarantee, and this guarantee does not exceed the annual expected limit and does not require counter-guarantee [1] - To meet the business needs of the subsidiary, the company adjusted the guarantee limit [1] - As of the announcement date, the total external guarantees of the company and its controlling subsidiaries amounted to 472.30136 million yuan, accounting for 132.98% of the most recent audited net assets, with no overdue guarantees [1] - The board of directors believes that the risk of this guarantee is controllable and will not harm the interests of the company and minority shareholders [1]

Core Viewpoint - The company has signed a "Joint Implementation Partner Agreement" for the China Mobile Anhui Company's 2025-2028 Wuhu Data Center Electromechanical Engineering EPC project, which outlines the responsibilities and financial arrangements among the consortium members [2][19]. Group 1: Project Overview - Project Name: China Mobile Anhui Company's 2025-2028 Wuhu Data Center Electromechanical Engineering EPC Project [2] - Project Location: Wuhu City, Anhui Province [2] - Client: China Mobile Communications Group Anhui Co., Ltd. and its Anhui branch [2] - Main Contractor: China Mobile Communications Group Design Institute Co., Ltd. [2] - Consortium Members: Huawei Technology Service Co., Ltd. and Xiangjiang System Engineering Co., Ltd. [2] Group 2: Contractual Details - Construction Method: Turnkey (including both labor and materials) [3] - Construction Duration: Completion and acceptance within 138 calendar days after order placement [3] - Operation and Maintenance Contract Duration: 13 years from the contract's effective date [4] Group 3: Financial Arrangements - Construction Framework Agreement: - Maximum amount (excluding tax): CNY 1,876,224,000 (approximately 1.88 billion) [5] - Maximum amount (including tax): CNY 2,045,084,160 (approximately 2.05 billion) [5] - VAT Amount: CNY 168,860,160 (approximately 168.86 million) [5] - Operation and Maintenance Framework Agreement: - Maximum amount (excluding tax): CNY 365,568,000 (approximately 365.57 million) [7] - Maximum amount (including tax): CNY 387,502,080 (approximately 387.50 million) [7] - VAT Amount: CNY 21,934,080 (approximately 21.93 million) [7] Group 4: Responsibilities and Roles - A (China Mobile Communications Group Design Institute) is responsible for overall coordination, planning, management, and quality control of the project [8][9] - B (Huawei Technology Service) is responsible for the implementation of HVAC, oil machine engineering, and intelligent systems, among other tasks [10] - C (Xiangjiang System Engineering) is responsible for electrical engineering, fire protection systems, and building decoration [12] Group 5: Impact on Company - The signing of the "Implementation Agreement" is a significant step in the project's progress and is expected to positively impact the company's future revenue, with specific effects to be determined by actual audit results [19].

Core Viewpoint - The company has signed a contract for the "Bohong Ulanqab Smart Education Industrial Base Project Phase I Electromechanical General Contracting Project," which is expected to positively impact future revenues [35][36]. Group 1: Project Details - Project Name: Bohong Ulanqab Smart Education Industrial Base Project Phase I Electromechanical General Contracting Project [2] - Contract Amount: The total contract price is approximately ¥840 million (about $120 million), with a non-tax amount of approximately ¥770.64 million (about $110 million) and a tax amount of approximately ¥69.36 million (about $10 million) [7][8]. - Construction Scope: The project includes the construction of two buildings (Building 111 and Building 112) with a total area of 24,600 square meters and an IT capacity of 60MW [2][3]. Group 2: Responsibilities and Risks - The company, as a member of the bidding consortium, will fulfill its contractual obligations and is expected to generate corresponding revenue [35]. - The contract includes clauses regarding breach of contract, specifying the responsibilities and penalties for both the contractor and the client [9][19][22].

Core Viewpoint - The announcement details the progress of the "China Mobile (Ningxia Zhongwei) Data Center B Zone B01 and B02 Room EPC General Contracting" project, highlighting the signing of an internal agreement among the consortium members, which includes Shanghai Chengdi Xiangjiang Data Technology Co., Ltd.'s wholly-owned subsidiary, Xiangjiang System Engineering Co., Ltd. [2][3] Project Overview - The project is led by China State Construction Engineering Corporation (CSCEC) with a planned start date of April 30, 2025, and an expected completion date of July 30, 2025, totaling 92 calendar days for the construction period [2][3]. - The internal agreement specifies the roles and responsibilities of the consortium members, including CSCEC, Xiangjiang System, and Huaxin Consulting Design Research Institute [2][3]. Financial Details - The total project cost is approximately RMB 1.631 billion, which includes design fees of RMB 6.48 million, construction and installation fees of RMB 338.76 million, electromechanical construction fees of RMB 385.99 million, and equipment procurement fees of RMB 906.34 million [4]. Responsibilities and Work Breakdown - CSCEC is responsible for overall project management, including investment, quality, progress, and safety control, as well as coordinating with relevant parties [5][6]. - Xiangjiang System is tasked with the electromechanical aspects, including procurement, installation, and testing, ensuring compliance with data center construction standards [7][8]. - Huaxin Consulting is responsible for the design work, including planning and construction design for the data center buildings [9][10]. Impact on Company - The signing of the internal agreement is expected to have a positive impact on the company's future revenue, although the exact financial implications will be determined by actual audit results [11][12].

Core Viewpoint - Shanghai Chengdi Xiangjiang Data Technology Co., Ltd. has made significant progress in the "EPC Engineering General Contracting for the Power System Construction Project of China Mobile Zhejiang Company 2025" by signing a "Joint Implementation Partnership Agreement" with its subsidiary Xiangjiang System Engineering Co., Ltd. and other consortium members [1][4]. Project Overview - The project involves the EPC engineering general contracting for a data center power system [1]. - The leading contractor is China Mobile Communications Group Design Institute Co., Ltd., with Xiangjiang System Engineering Co., Ltd. as a consortium member [4]. - The planned start date for the project is contingent upon the official commencement order from the client, with a total calendar duration of 70 days [1]. Financial Details - Major electrical and mechanical costs include: - Design fee (excluding tax): ¥1,869,322.72 [2] - Equipment purchase fee (excluding tax): ¥121,685,323.49 [2] - Construction and installation fee (excluding tax): ¥45,424,781.88 [2] - Contingency amount (excluding tax): ¥2,643,628.29 [2] - Minor electrical and mechanical costs include: - Design fee (excluding tax): ¥2,442,589.21 [2] - Equipment purchase fee (excluding tax): ¥201,728,138.08 [2] - Construction and installation fee (excluding tax): ¥60,517,424.15 [2] - Contingency amount (excluding tax): ¥3,562,978.53 [2] Responsibilities and Management - The leading contractor (A Party) is responsible for overall coordination, planning, management, and cost settlement, as well as engineering design and quality control [4]. - The consortium member (B Party) is responsible for the mechanical and electrical engineering works, including power supply, air conditioning, and other related construction tasks, under the management of the leading contractor [4]. Impact on Company - The signing of the "Implementation Agreement" is a further arrangement regarding project work and cost distribution, which is not expected to materially affect the project's progress [5]. - The subsidiary will complete the required work according to the project contract and the "Implementation Agreement," which is anticipated to positively impact the company's future revenue, subject to actual audit results [5].

Core Viewpoint - Shanghai Chengdi Xiangjiang Data Technology Co., Ltd. has signed an EPC general contracting agreement for the "China Mobile (Ningxia Zhongwei) Data Center B Area B01, B02 Building Project" with a total contract value of approximately RMB 1.631 billion, which is expected to positively impact the company's future revenue [1][8]. Group 1: Project Details - The project involves a joint venture with China State Construction Engineering Corporation, Huaxin Consulting Design Research Institute, and Xiangjiang System Engineering Co., Ltd. [1][8]. - The total contract amount is RMB 1,631,863,708, which includes design fees of RMB 6,480,000, construction and installation costs of RMB 338,763,708, electromechanical construction costs of RMB 385,986,000, and electromechanical equipment procurement costs of RMB 900,634,000 [1][8]. Group 2: Timeline and Responsibilities - The planned start date for work is April 30, 2025, with on-site construction beginning on May 15, 2025, and a total construction period of 92 calendar days [2][8]. - The contract outlines specific conditions under which the client (China Mobile) may be in breach, including delays in payment and failure to provide necessary instructions [2][3]. Group 3: Impact on Company - The signing of the contract is expected to have a positive impact on the company's future revenue, with specific revenue effects to be determined by actual audit results [8][9]. - The project is classified as a routine business activity and will not adversely affect the company's operational independence [8][9].

Core Viewpoint - The company announced that its wholly-owned subsidiary has been shortlisted for the EPC general contracting project of China Mobile's data center in Ningxia, which is expected to positively impact the company's revenue in the current and future years [6][8]. Group 1: Project Details - Project Name: China Mobile (Ningxia Zhongwei) Data Center B Zone B01, B02 Room EPC General Contracting Project [1] - Bidder: China Mobile Communications Group Co., Ltd. Ningxia Branch [4] - Bid Price: ¥1,631,863,708 (approximately 1.63 billion yuan) [3] - Construction Period: 92 days [3] - Joint Venture Members: China State Construction Engineering Corporation, Huaxin Consulting Design Institute, and Xiangjiang System Engineering Co., Ltd. [2][3] Group 2: Company Impact - The company's wholly-owned subsidiary is part of the bidding consortium, and if the bid is confirmed, it is expected to bring positive revenue impacts for the company [6]. - The project is part of the company's daily operations and will not adversely affect its business independence [7].