Securities Code: 300911
Bond Code: 123235
Securities Abbreviation: Yitian Intelligent
Bond Abbreviation: Yitian Convertible Bond
Announcement No.: 2026-046
Zhejiang Yitian Intelligent Home Appliances Co., Ltd.
Announcement on Subsidiary Signing Computing Power Service Contract
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Notice:
Zhejiang Yitian Intelligent Home Appliances Co., Ltd. (hereinafter referred to as the "Company") recently received the "Computing Power Service Contract" (hereinafter referred to as the "Contract") signed by its wholly-owned subsidiary, Gansu Yisuan Intelligent Technology Co., Ltd. (hereinafter referred to as "Gansu Yisuan" or "Party B"), and customer Y Company (hereinafter referred to as "Y Company" or "Party A"). The contract amount, including tax, is RMB 1.106436 billion (calculated based on the contract service period, number of servers, and monthly service prices, with final settlement based on actual services provided monthly).
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The performance of this computing power service contract requires the Company to invest a large amount of capital in advance to purchase server hardware and other equipment. The funds will be raised through internal funds, financial institution financing, etc., which will incur certain financial costs. If the Company fails to effectively control financing costs, it will have a certain impact on the Company's net profit in relevant years. At the same time, there is a risk that the Company may be unable to provide services within the agreed time and requirements due to insufficient fundraising, and may therefore bear the risk of breach of contract.
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This contract is a computing power service contract. The total amount stipulated in the contract does not constitute a performance commitment or performance forecast, and the degree of its impact on the Company's performance in future years is uncertain.
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To perform the contract on time, the Company needs to invest in new computing power servers, with a high initial investment amount. The funds for purchasing servers are mainly sourced from financial institution financing, which requires bearing certain capital costs. The performance of this contract will have a certain positive impact on the Company's operating performance in the next few years, but it will not have a significant impact. At the same time, the service period of this contract is 60 months, and the performance period is relatively long. Revenue will be recognized in installments, and the impact on the Company's performance in each year is uncertain. There is also a risk that the contract may not be performed on time, partially performed, or entirely unperformed, leading to revenue below expectations. The specific impact will be subject to the final audited data. Investors are kindly advised to pay attention to investment risks.
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Conditions for the contract to take effect: The contract shall take effect from the date of affixing seals by both parties.
I. Contract Signing Overview
Recently, Gansu Yisuan and Y Company have reached a consensus and signed the "Computing Power Service Contract". According to the contract terms and conditions, Party B will provide Party A with computing power services, related technologies, and computing power resources that it legally owns and operates. During the service period, the computing power resources provided by Party B to Party A shall not be lower than the scale and performance standards agreed upon by both parties. Party A shall pay the computing power service fee to Party B on a monthly basis.