Gelonghui, November 18 | China Security Technology (600654.SH) announced that after the company's own inspection, daily production and operation are currently normal, and there have been no major changes in the company's disclosed business conditions or internal and external business environment. As of the third quarter of 2024, the company achieved a 65.22% year-on-year decline in net profit and a 73.31% year-on-year decline in net profit after deduction.
The company and its wholly-owned subsidiary signed an investment cooperation agreement with Yixing Xingyang Industrial Investment Co., Ltd. to jointly establish the Yixing Project Company. At present, the Yixing Project Company has just been established, has not yet obtained qualifications, has not yet begun construction, has not yet accumulated relevant technology and personnel, has yet to develop its main business, has zero operating income and profit, and there is significant uncertainty about subsequent investment and scale. Up to now, the company has no business related to computing power. In the event of force majeure events, national or local policy adjustments, etc., there may be risks such as changes, suspension, or failure to meet expectations.
