Ningbo Construction: Currently, the company and Zhongjing Cloud are not engaged in computing power leasing business.

K-LinePoet · 2026-04-05T13:03:06+00:00

Ningbo Construction announced that the stock trading experienced abnormal fluctuations, but the company's main business of civil engineering remains unchanged. The company holds a 32.3684% stake in Zhongjing Cloud, which only engages in cabinet leasing with a relatively low profit scale. It is expected that the net profit in 2025 will not exceed 10 million yuan. The investment is recorded as other equity instruments and has no impact on the company's performance.

K-LinePoet

2026-04-05 13:03:06

Abstract generation in progress

Ningbo Construction Engineering Stock Trading Abnormal Volatility and Risk Disclosure Announcement. After verification by the Company, the Company’s principal business is civil engineering construction, and it has not changed. Pursuant to the “Ningbo Construction Engineering Announcement Regarding the Progress of the Transfer of Equity of Part of the China Information Cloud Shares” disclosed by the Company on January 6, 2022 (Announcement No.: 2022-003), the Company directly and indirectly holds 32.3684% of the equity of China Information Cloud Data Storage Technology (Beijing) Co., Ltd. (hereinafter referred to as “China Information Cloud”), which is not included in the Company’s consolidated financial statements. At present, neither the Company nor China Information Cloud engages in cloud computing leasing business. China Information Cloud’s main business is only the rental of rack units (standardized locations used to place IT hardware facilities such as servers, network equipment, etc.). In addition, the current profit scale of China Information Cloud is relatively low. For fiscal year 2025, the unaudited book net profit of China Information Cloud does not exceed RMB 10 million. The Company records its related investment as other equity instrument investments, designates it as measured at fair value with changes recognized in other comprehensive income, and does not need to recognize investment income using the equity method, which has no impact on the Company’s performance.

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