Cloud Factory's (02512) Subsidiary Wins Bid for Phase II of Artificial Intelligence Industrial Base Project

Stock News
Feb 02

The company announces that its wholly-owned subsidiary, Jiangsu Cloud Factory Technology Information Technology Co., Ltd. (Jiangsu Cloud Factory), recently won the bid for the Phase II Artificial Intelligence Industrial Base Project through the tender platform of the Anhui Provincial Tendering and Procurement Association. Subsequently, on January 30, 2026, Jiangsu Cloud Factory entered into a procurement contract with Suzhou Huarui Network Information Service Co., Ltd. (Suzhou Huarui Network, acting as the tendering party and buyer). Under this contract, Jiangsu Cloud Factory has agreed to supply hardware equipment, software, and service solutions for the project, while Suzhou Huarui Network has agreed to procure them. The total contract value is RMB 520 million. During the procurement and implementation phases of the project, the Group will deploy domestically produced AI computing power cards on a large scale. This not only demonstrates the Group's precise alignment with the project's requirements but also serves as a concrete action reflecting its active support for the domestic computing power ecosystem. The Group will continue to make deep investments and pursue long-term strategic positioning within the domestic computing power sector, further strengthening and diversifying its heterogeneous computing capabilities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10