Zhongbei Communications has issued a press release announcing the signing of a computing power service contract with Beijing Wanjie Data Technology Co., Ltd. The total value of the contract amounts to ¥440.64 million (inclusive of tax), spanning a service period of four years. In accordance with the contract's terms and revenue recognition principles, the company will recognize revenue during the respective accounting periods. The specific accounting treatment and its implications on the company's performance will be subject to confirmation by the audit institution during the annual audit process.
The contract becomes effective upon successful delivery, and its influence on the company's current and future financial position, as well as operating results, remains uncertain at this time.
