On July 17, superfusion and intermediaries responded to the review inquiry letter. Among them, it was mentioned that the company's downstream customers mainly belong to the Internet, operator, finance, government and enterprise industries. The scope of the company's in-hand order statistics includes contracts and orders with a clear purchase quantity and amount. It does not include orders and potential customer needs that have been won and signed a framework agreement but have not yet been placed. As of December 31, 2025, the company's total order amount was 22.685 billion yuan, with sufficient order reserves. It is expected that most of these in-hand orders will be delivered within a year. Starting in 2026, in addition to the ongoing orders mentioned above, which will continue to be converted into revenue, newly signed purchase orders based on framework agreements and additional customer procurement requirements will lead to a continuous increase in revenue after the period. Combined with trending and structural changes in the capital expenditure of customers such as the Internet and operators, it is expected that downstream customers will continue to have strong server procurement demand in the future, and the company's revenue scale is expected to maintain a steady growth trend.

Zhitongcaijing · 1d ago
On July 17, superfusion and intermediaries responded to the review inquiry letter. Among them, it was mentioned that the company's downstream customers mainly belong to the Internet, operator, finance, government and enterprise industries. The scope of the company's in-hand order statistics includes contracts and orders with a clear purchase quantity and amount. It does not include orders and potential customer needs that have been won and signed a framework agreement but have not yet been placed. As of December 31, 2025, the company's total order amount was 22.685 billion yuan, with sufficient order reserves. It is expected that most of these in-hand orders will be delivered within a year. Starting in 2026, in addition to the ongoing orders mentioned above, which will continue to be converted into revenue, newly signed purchase orders based on framework agreements and additional customer procurement requirements will lead to a continuous increase in revenue after the period. Combined with trending and structural changes in the capital expenditure of customers such as the Internet and operators, it is expected that downstream customers will continue to have strong server procurement demand in the future, and the company's revenue scale is expected to maintain a steady growth trend.