Xingyun Technology Reports Approximately RMB 20.641 Billion in Computing Power Orders This Year, Plans RMB 200-300 Million Share Repurchase
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Xingyun Technology announced that it has disclosed cumulative computing power and storage-related orders worth approximately RMB 20.641 billion this year. Key customers, including Client V, Client VB, and Client VC, have renegotiated and raised rental prices, with Client V and Client VB completing a second upward adjustment of contract amounts. The company attributed the volume expansion and price adjustments to a combination of factors, including tightening external supply and demand, customer business expansion, and the company's demonstrated performance and delivery capabilities. In the secondary market, actual controller Wang Wei has increased his shareholdings multiple times during the year, with the second increase amounting to nearly RMB 50 million and still ongoing; Chairman and General Manager Zhang Wen proposed initiating a share repurchase on November 2, with plans to invest RMB 200 million to RMB 300 million. The company also addressed forward-looking statements regarding revenue structure expectations for the fourth quarter and 2027, noting that such matters are subject to uncertainty and that specific figures remain subject to official announcements.

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