Intraday plunge more than 17%, Shen Hao Technology responds to the operation and maintenance of the Zhisuan Center with a large order of 11.67 billion yuan.

On June 15th, the stock price of Shen Hao Technology plummeted, with intraday losses exceeding 17%. On the news front, the 11.67 billion yuan contract signed with Yu Xin Yan Chen includes 8.4 billion yuan of low-margin manpower operation and maintenance services, which may drag down the overall gross profit margin and valuation level. Concerns in the market also arise due to the relatively short establishment time of the cooperative partner, Yu Xin Yan Chen, regarding payment collection and project implementation stability. In addition, the company has been experiencing continuous losses in performance, and this contract will not contribute much to the performance in 2026. In response to this, Shen Hao Technology exclusively told the press that this contract was disclosed for the first time, and the company cannot determine the stock price performance, as it is influenced by multiple factors. Whether the manpower operation and maintenance services will affect the company's gross profit margin depends on the performance of subsequent contracts. The company has disclosed relevant information about the cooperative partner, Yu Xin Yan Chen, in the announcement, with risk warnings indicating that the contract carries risks and uncertainties. The company will fulfill its disclosure obligations according to the progress of the contract. There are currently no undisclosed matters affecting normal production and operation. If there is any need for disclosure, the company will announce it promptly.