Moore Threads has disclosed a major contract announcement, stating that the company recently entered into a product sales agreement with a client for the supply of its KUAE intelligent computing cluster. The total value of the contract is RMB 660 million.
Moore Threads stated that this contract falls within the scope of the company's regular business operations. If the contract is successfully executed, it is expected to have a positive impact on the company's operating performance. Revenue will be recognized in the corresponding accounting period in accordance with the terms of the contract and the company's revenue recognition principles.