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Jereh Stock (002353.SZ) disclosed that its majority-owned subsidiary, J&F Power Systems LLC, has entered into a supply contract for gas turbine generator units with a globally well-known cloud service provider. The contract is worth approximately USD 1.465 billion (roughly RMB 9.95 billion), representing about 61.33% of the company's audited revenue for the year 2025. According to the contract terms, deliveries are to be carried out in multiple batches and must be fully completed by November 2027. Additionally, the contract incorporates a price adjustment mechanism. This partnership is set to bolster Jereh Stock's competitive edge in the data center power supply market. However, it also brings along risks associated with component sourcing, performance, and delivery acceptance.
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