Xingyun Technology: As of September 8, the scale of long-term framework orders for computing power with a 5-year term in hand reached 16.004 billion yuan.

Xingyun Technology recently said during an institutional research session that, as of September 8, 2026, the company's on-hand five-year long-term framework orders for computing power reached 16.004 billion yuan, with clients covering high-quality entities such as leading centrally administered state-owned listed companies and first-tier large model manufacturers, and with relatively high customer stickiness and performance assurance. In July, three of the company's core orders successively completed price adjustments and capacity expansion. The company's core long-term orders all adopt the normalized model of "monthly delivery, monthly payment collection, and monthly revenue recognition," with a steady and sustainable pace of revenue release. The first batch of deliveries for V customer, VB customer, and VC customer already completed lease commencement in August and began generating revenue recognition in that same month, which will be reflected in the company's third-quarter report; delivery for VD customer will also be completed within 60 days.