Shenzhen Aoni Electronic Co. Ltd.

Aoni Electronics announced on the evening of September 30 that its wholly owned subsidiary Aoni Intelligent Technology Zhongshan Company signed a procurement contract with Company C to purchase GPU computing card products, with a total contract value of 1.821 billion yuan including tax. Earlier, on September 24, the company announced at midday that Aoni Intelligent signed a procurement contract with Company B to purchase GPU computing card products, with a total contract value of 232.26 million US dollars, equivalent to approximately 1.556 billion yuan. The company stated that the above contracts are major contracts in the ordinary course of Aoni Intelligent's business, do not require review by the company's board of directors or shareholders' meeting, and do not constitute a related-party transaction or a major asset restructuring. Aoni Electronics said that if the contracts are performed smoothly, they are expected to have a positive impact on the company's operating results for the performance year, with the specific impact amount and reporting period depending on the fulfillment of the orders, while also cautioning that the contracts may not be performed on schedule or in full due to changes in the macroeconomic environment, industry policy adjustments, or force majeure. Financial reports show that in 2025 Aoni Electronics achieved operating revenue of 946 million yuan, with a net loss attributable to shareholders of the listed company of 157 million yuan. In the first half of 2026, operating revenue was 907 million yuan, up 215.44 percent year on year, and net profit attributable to the parent company was 16.8146 million yuan, up 126.22 percent year on year.

Aoni Electronics announced at midday on September 24 that its wholly owned subsidiary Aoni Intelligent Technology Zhongshan Co., Ltd. signed a procurement contract with Company B to purchase GPU computing card products, with a total contract value of 232 million US dollars, equivalent to approximately 1.556 billion yuan. Aoni Electronics stated that the semiconductor industry as a whole faces common challenges of tight raw material supply and rising costs. If the contract is fulfilled smoothly, it is expected to have a positive impact on the company's operating results in the year of performance. The specific impact amount and reporting period will depend on the specific circumstances of order fulfillment, subject to the company's audited revenue and profit. Affected by this news, Aoni Electronics' share price quickly rebounded from a decline to positive territory, with the intraday gain approaching 14 percent in the afternoon, and rising more than 6 percent as of press time. Notably, just two days earlier on September 22, Aoni Electronics announced that Aoni Intelligent signed a procurement contract with Company A to purchase GPU computing card products, with a total contract value of 1.67 billion yuan including tax. Aoni Electronics previously stated in investor relations activities that the company has launched AI inference computing products such as the Lobster Workstation A2000 based on Nvidia's Jetson Thor chip. The related products have now been released and entered the market promotion and customer sample verification stage, and are steadily advancing toward mass production.

Biwin Storage plans to sign a project cooperation agreement with the management committee of Dongguan Songshan Lake High-tech Industrial Development Zone to build the third phase of a wafer-level advanced packaging and testing manufacturing project, with a total investment of about 4.5 billion yuan, including 4 billion yuan in fixed asset investment. The company has previously disclosed investment matters for the first and second phases of the project. On the same day, Shanshan Co. plans to invest in building an integrated base project for Inner Mongolia Shanshan Technology with an annual output of 150,000 tons of lithium-ion battery anode materials, with a total investment of about 5.106 billion yuan. The project construction period is 17 months, with construction planned to start in March 2027 and completion in July 2028. Once completed, it will form an integrated production capacity of 150,000 tons of anode materials per year, along with 50,000 tons of graphitization capacity. Xingyun Technology recently signed three computing power service contracts with a state-owned supplier to purchase a total of 43 sets of GPU computing power services, each with a service term of five years. The total tax-inclusive amount of the three contracts is 453 million yuan, representing progress under an earlier framework procurement agreement for 128 sets. Aoni Electronics' wholly owned subsidiary Aoni Intelligence signed a procurement contract with Company A to purchase GPU computing power card products, with a total contract amount of 1.67 billion yuan including tax. Putailai's controlling shareholder, Guangdong Green Investment Operation Co., Ltd., plans to increase its shareholding in the company within six months starting from September 22, with an amount of no less than 25 million yuan and no more than 48 million yuan.

Aoni Electronics released its 2026 interim report on August 28. Leveraging the coordinated growth of its audio-video smart terminal and AI inference computing businesses, the company returned to profitability in the reporting period, with revenue surging explosively. The financial report shows that the company achieved operating revenue of 907 million yuan, up 215.44 percent year on year; net profit attributable to the parent company was 16.81 million yuan, compared with a loss of 64.13 million yuan in the same period last year; and non-GAAP net profit was 14.54 million yuan, also turning positive. Net cash flow from operating activities was negative 651 million yuan, with the net outflow widening. Total assets reached 4.456 billion yuan, up 48.32 percent from the end of last year. Among these, the high-performance computing equipment business became the core engine, achieving revenue of 508 million yuan, a year-on-year surge of 1,625.53 percent, with a gross margin of 14.71 percent, covering AI inference servers, workstations, and liquid-cooled clusters. The traditional audio-video smart terminal business posted revenue of 327 million yuan, up 42.15 percent year on year, with a gross margin of 15.12 percent. The company's overall gross margin rose to 19.48 percent from 15.30 percent in the prior period, but financial expenses increased to 13.96 million yuan due to new short-term borrowings, and research and development investment reached 47.85 million yuan, up 9.23 percent year on year. The significant operating cash outflow was mainly due to payments for raw material purchases for high-performance computing equipment and increased inventory buildup, with ending inventory reaching 787 million yuan, doubling from the beginning of the period. The company faces risks including slower-than-expected expansion of new businesses, intensifying international trade frictions, and inventory overhang. Short-term borrowings rose to 1.78 billion yuan, the debt-to-asset ratio increased, and pressure on cash flow management intensified.

On August 26, at the Aoni AI Computing Power Device-Edge-Cloud Collaborative Innovation Forum held at the Shenzhen World Exhibition and Convention Center, Aoni Electronics officially released China's first group standard for on-device AI computing workstations, the General Technical Specification for On-Device Artificial Intelligence Computing Workstations, designated T/AIIA 023-2026. The standard was proposed by Aoni Electronics and is administered by the Shenzhen Artificial Intelligence Industry Association, and will take effect on September 1. Targeting pain points in the on-device AI computing equipment industry such as inconsistent indicators, vague product grading, and a lack of evaluation criteria, the standard establishes three tiers of configuration: consumer-grade, professional-grade, and enterprise-grade. It covers technical requirements including inference performance, AI agent operating environments, offline availability, information security, compatibility, and environmental reliability, and is accompanied by complete testing and inspection methods. Aoni Electronics Chairman Wu Shijie outlined the company's new strategy focused on physical AI computing power at the forum, announcing a business model shift from simply selling hardware to focusing on enterprise-grade private AI inference computing power, creating a device-edge-cloud integrated business model. On the cloud side, the company has deployed self-built high-performance GPU computing clusters in Shenzhen, Qingyang, and Yuxi. On the edge side, it integrates GPU, storage, networking, power supply, cooling, and security operations and maintenance into a single unit. On the device side, it has launched the NeoFrog Qingyue desktop AI workstation, bringing high-performance AI inference computing power directly to employees and developers.

Aoni Ciyuan Technology Qingyang Company Limited, indirectly wholly owned by Aoni Electronics, was recently established. Its legal representative is Wu Guohua, with a registered capital of 10 million yuan. The company's business scope includes AI industry application system integration services, AI basic resources and technology platforms, and cloud computing equipment technical services.