Dhc Software Co LtdCompany plans to raise 2.029 billion yuan via private placement for AI computing projects, but also faces procurement suspension and controlling shareholder cash-out.

Donghua Software has disclosed its 2026 private placement plan, proposing to issue up to 962 million shares to no more than 35 specific investors, raising total proceeds of no more than 2.029 billion yuan. The largest single project is the Donghua Yunzun Intelligent Computing Center construction project, with a planned investment of 682 million yuan to build a high-performance intelligent computing cluster in Qingdao. The remaining funds will be directed toward three industry verticals — urban AI housing and construction, digital finance AI, and digital twin water network AI — as well as supplementing working capital. The company also disclosed that its controlling shareholder and persons acting in concert have previously cashed out a combined total of over 600 million yuan, and that due to suspected illegal subcontracting, the military procurement website intends to suspend its military-wide procurement qualifications. However, the company stated that the related business accounts for a relatively small proportion and the impact is limited. In 2025, the company's revenue was 12.928 billion yuan, down 2.96 percent year-on-year, and net profit attributable to the parent was 477 million yuan, down 4.49 percent year-on-year. In the first quarter of 2026, revenue was 2.878 billion yuan, down 7.42 percent year-on-year, while net profit attributable to the parent was 61.9598 million yuan, up 12.17 percent year-on-year. This private placement still requires shareholder meeting approval and regulatory clearance.
Dhc Software Co LtdCompany plans to raise 2.029 billion yuan via private placement for AI computing projects, but also faces procurement suspension and controlling shareholder cash-out.