On October 16, Shenhao Technology made an announcement stating that its wholly-owned subsidiary, Shenhao Intelligent Computing, has entered into a contract with Company B for the procurement of computing power equipment. The total value of this contract, inclusive of taxes, amounts to RMB 881 million, representing over 100% of the company's audited main business income in the latest fiscal year. (In the business context, "inks a deal" is a more idiomatic and commonly used expression than "signs a contract" to convey the idea of formally agreeing to a business arrangement. Also, adding "made an announcement stating" makes the sentence flow more naturally in English, providing a clearer introduction to the information that follows.)
