Hygon Information's Sha Chaoqun: Company Boasts Ample Orders, Industry's Computational Power Infrastructure Expands at a Swift Pace
1 day ago / Read about 0 minute
Author:小编   

On October 22, at today's performance meeting, Sha Chaoqun, the Director and General Manager of Hygon Information, addressed investors' concerns. He explained that the decline in contract liabilities at the close of the third quarter was mainly attributed to the fulfillment of product deliveries as stipulated in the contracts. He clarified that customer advance payments are not a one-size-fits-all settlement approach; rather, they are implemented by certain customers for specific projects. As orders progress into the delivery stage, the company moves forward with revenue recognition in line with the agreements, with contract liabilities being adjusted accordingly. Sha Chaoqun also highlighted that the company currently has a robust pipeline of orders. Moreover, the industry's computational power infrastructure is undergoing rapid expansion. There is a pronounced trend of deep integration between domestic models and chips, and the demand for the company's products in the AI computational power sector continues to surge, offering substantial backing for the company's performance enhancement.