Chengdi Xiangjiang's 403 Million Yuan Data Center Contract Terminated

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Chengdi Xiangjiang announced on September 9 that its wholly owned subsidiary Xiangjiang System Engineering and Beijing De'ang have mutually agreed to terminate a cloud computing data center construction general contracting contract worth 403 million yuan. The contract originally had a construction period from July 1, 2024 to January 31, 2025. Due to intensifying industry competition and rising raw material prices, the original contract price is no longer feasible, and neither party will bear liability for breach of contract. The company stated that it has not made any investment in the project so far, and expects corresponding revenue to decrease by approximately 403 million yuan. Financial reports show that Chengdi Xiangjiang's operating revenue in the first half of 2026 was 1.473 billion yuan, up 14.59 percent year on year, but net profit was a loss of 6.4532 million yuan, turning from profit to loss compared with the same period last year.

Impact on stocks 1

Others▼ · 1 stocks
Shanghai Chengdi Constr Co
603887
▼ NegativeDemandrelevance

403 million yuan data center contract terminated, expected revenue to decrease by approximately 403 million yuan

Off-coverage companies 2

香江系统工程有限公司Private▼ Negative
Demandrelevance

Its 403 million yuan cloud computing data center construction contract was mutually terminated, cutting expected revenue

北京德昂Private± Mixed
Demandrelevance

Mutually agreed to terminate the 403 million yuan contract with no breach liability, but loses the project work

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