Jinkai New Energy: Subsidiary signs 69.12 million yuan artificial intelligence computing technology service contract
Jinkai New Energy announced that its wholly-owned subsidiary Jinkai Yiwu and Wuwen Xinqiong signed an "Artificial Intelligence Computing Power Technology Service Contract" with a contract amount of 69.12 million yuan and a service period of 12 months. The contract is expected to contribute an annual computing power rental income of 69.12 million yuan including tax to the company. The company will recognize the income in the corresponding accounting period according to the contract performance obligations and the principle of revenue recognition. According to the contract, Party B will provide Party A with intelligent computing power and its supporting bandwidth resources, storage resources, security resources and IT operation and maintenance services, which will be delivered in two phases.