JIANGSU JINGYUAN ENVIRONMENTAL PROTECTION's subsidiary signs a contract for the construction project of a 365 million yuan computing cluster

According to the Zhitong Finance APP, JIANGSU JINGYUAN ENVIRONMENTAL PROTECTION (688096.SH) announced that its wholly-owned subsidiary Nantong JIANGSU JINGYUAN Cloud Computing Technology Co., Ltd. (hereinafter referred to as "JIANGSU JINGYUAN Cloud Computing") has signed a contract for the construction of a computing power cluster project with client Company R. JIANGSU JINGYUAN Cloud Computing is responsible for the supply of hardware and software, installation, development, training, and operation and maintenance related to the project, with a contract amount of 365 million yuan (including tax). The project construction period is 30 days from the date the counterparty provides the project site with construction delivery conditions, and the operation and maintenance service period is 5 years after project delivery.

This transaction is part of the computing power cluster construction project contract signed by JIANGSU JINGYUAN Cloud Computing, which falls within its daily business operations. The contract terms clearly stipulate elements such as transaction amount, performance location, and duration, and both parties to the contract have the corresponding performance capabilities. Revenue will be recognized using the total amount method, with approximately 320 million yuan recognized as revenue in a lump sum after the project delivery acceptance is completed in 2025, and the operation and maintenance service portion will recognize approximately 2.83 million yuan in revenue distributed over the 5-year service period. The project's gross profit margin is approximately 9% to 10%