Beijing Sinnet Technology Co Ltd

Sinnet Technology announced on the evening of September 24 that it plans to make an additional investment of no more than 1.265 billion yuan in the Helinger Intelligent Computing Center project. After the additional investment, the total investment in the project will be approximately 2.5 billion yuan. Following the adjustment, the project's IT load will be raised from the originally planned 60 to 100 megawatts to 90 to 120 megawatts, and the total floor area will increase from no less than 93,000 square meters to approximately 121,200 square meters. The company said that as AI large model training and inference services move from the technical validation phase into the large-scale commercial phase, demand for intelligent computing power in the northern region continues to grow rapidly. The single-project load requirements of leading computing power customers have risen significantly compared with 2024, and the originally planned capacity is no longer sufficient to accommodate large-scale, fully integrated computing power orders. Therefore, the construction scale needs to be expanded, and the project will be advanced in phases according to customer demand. Sinnet Technology has successively launched the Helinger Intelligent Computing Center project and the Hohhot Computing Power Base project in Inner Mongolia. The combined total capacity of the two projects is expected to exceed 200 megawatts, enabling mutual backup between two data centers in the same city. Sinnet Technology mainly engages in internet data center services and related value-added services, cloud computing services, and internet broadband access services. In the first half of 2026, revenue was 3.332 billion yuan, down 10.34 percent year on year, while net profit was 60.86 million yuan, down 47.09 percent year on year.