Shenhao Technology Plans Up to 2 Billion Yuan Server Purchases for Computing-Power Leasing

Shenhao Technology (300853.SZ) said it and its subsidiaries plan to buy servers from multiple suppliers, with total contract value expected to be no more than 2 billion yuan, mainly for computing-power leasing services, according to Jiemian News. The company reported 2025 revenue of 312 million yuan and an attributable net loss of 194 million yuan, with net assets of 669 million yuan at year-end.

Shenhao Technology said the purchases will be funded through its own funds and self-raised financing, with the latter coming from credit lines from banks and other financial institutions. As of end-2025, the company had 260 million yuan in cash and cash equivalents and a 58.11% asset-liability ratio; the ratio was 59.24% in the first quarter of 2026.

Separately, the company disclosed that on June 11, 2026 it signed a 1.167 billion yuan procurement contract with Yuxinyanchen (Hangzhou) Technology Co., Ltd. for equipment and supporting services related to a smart operations and maintenance project at a computing industrial park cluster in Hohhot. Shenhao Technology said the contract is not expected to have a material impact on its 2026 operating results; the first batch of 300 robots is due to complete trial-run delivery by December 31, 2026, and the company said it would only be able to recognize 120 million yuan of revenue in 2027 if progress goes smoothly.