When surveyed by the agency on August 13, Xingyun Technology said that all of the company's core long orders use a normalized model of monthly delivery, monthly repayment, and monthly revenue confirmation. There is no risk of centralized disbursement, and the performance release is stable and sustainable. In the second half of 2026, the first batch of deliveries from the three core orders for V customers has completed acceptance and monthly rental revenue confirmation. The first batch of deliveries from the other two customers is also expected to complete acceptance and begin revenue recognition in August. It is expected that some token revenue will also be shared during the year, and revenue and profit in the computing power sector will increase significantly month-on-month; in 2027, all long orders will enter a comprehensive and stable settlement cycle, and the share of high-margin computing power business and token revenue share will continue to increase, becoming the company's core growth pillar. The superimposed company has been granted a comprehensive credit of 18.024 billion yuan and a landing credit of 10.264 billion yuan, combined with capital raised from bankruptcy and restructuring, additional financing and reserve repayment stocks. The next three years can use a large amount of its own capital. Abundant capital can fully support order fulfillment and capacity expansion, and medium- to long-term performance growth is highly certain.

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