Jiect Smart (301248.SZ) has set off market attention with a procurement plan for IT equipment worth up to Rmb10 billion, after lifting the budget more than 15-fold from 13 months earlier, according to Jiemian News. The company said the purchase would help expand its cloud computing business, but it did not disclose detailed business forecasts, customer contracts or order support for the Rmb10 billion equipment plan.
Jiemian News reported that Jiect Smart's 2025 revenue was Rmb852 million, including Rmb127 million from its AI and cloud computing core computing business and Rmb291 million from AI and security, while traditional digital solutions revenue fell 21.35% to Rmb420 million. In the first half of 2026, its computing business revenue rose 550% to about Rmb204 million, and management said some intelligent computing cloud clusters had already been delivered and started billing. The company also said that as of the first quarter, construction in progress reached Rmb1.098 billion and total assets stood at Rmb5.747 billion, both up sharply from the start of the year.
The article said Jiect Smart's 2025 net profit attributable to shareholders was Rmb13.6735 million, but its adjusted loss was Rmb585,400. For the first half of 2026, it expected a net loss of Rmb2.2 million to Rmb4.4 million and an adjusted loss of Rmb6.5 million to Rmb8.7 million, as depreciation and interest expenses weighed on earnings. The company had nearly Rmb3 billion in interest-bearing liabilities at the end of the first quarter, including short-term borrowings of Rmb926 million, current liabilities due within one year of Rmb627 million and long-term borrowings of Rmb1.444 billion. Guotai Haitong Securities forecast 2026 earnings per share of Rmb1.47 and net profit of Rmb226 million.