Keep silent on important information, Yingweike's disclosure compliance is questioned by the market.

date
25/04/2026
The latest disclosed quarterly net profit plummeted by 80% year-on-year, causing investors' confidence to ride a roller coaster. Behind the dramatic fluctuations in stock prices, the controversy within the market regarding the relationship between Shifang and Nvidia has never ceased. The core and only question is clear: Is Shifang actually a supplier to Nvidia? If so, what level of supply is it at? This information directly affects the company's business fundamentals and valuation rationality, and is a key basis for investor decision-making. Upon investigation, it was found that Nvidia's official website has never released specific information about its collaboration with Shifang. This ambiguity has left the market speculating whether Shifang is Nvidia's ecosystem partner or a direct supplier. Despite various reports, announcements, and interactions with investors, Shifang has never directly and clearly responded to these questions. The company has continuously responded with vague statements such as "not disclosing specific customer collaboration information" and "products listed in Nvidia's ecosystem partner directory," neither confirming nor denying market rumors, and not disclosing any substantial details of their cooperation, allowing speculation to spread. On April 24, Shifang disclosed investor relations activities, and despite repeated inquiries from investors about the percentage of liquid cooling orders, and whether orders from Google and Nvidia for 2026 will materialize, the company's response remained the same: "There are no plans to disclose collaboration information with specific customers." As of the time of drafting, Shifang has still not provided a clear explanation regarding its supplier identity, and investors' inquiries are ongoing.