Shanghai Luoman Lighting Technologies Inc.

Luoman Co. announced on the evening of October 7 that its controlling subsidiary Wutong Gaoxin recently signed a Sales Contract with China Merchants Financial Leasing (Shanghai) Co., Ltd. and China Merchants Zhirong Supply Chain Service Co., Ltd., with a total contract value of approximately 311 million yuan. China Merchants Financial Leasing (Shanghai) Co., Ltd. will purchase computing power equipment from Wutong Gaoxin and then lease it to China Merchants Zhirong Supply Chain Service Co., Ltd., while Wutong Gaoxin will deliver the relevant computing power equipment directly to China Merchants Zhirong Supply Chain Service Co., Ltd. On the same day, Luoman Co. issued another announcement stating that Wutong Gaoxin signed a Framework Contract for Computing Power Equipment Procurement with Beijing Guangma Software Co., Ltd., under which Wutong Gaoxin will procure computing power equipment for Beijing Guangma Software Co., Ltd. and provide related technical services, with a contract value of approximately 277 million yuan. Luoman Co. stated that this transaction is part of the daily operating business of its controlling subsidiary Wutong Gaoxin, and the impact of the performance of the specific agreements on the company's 2026 current-period results remains uncertain. It also cautioned that if terminal market fluctuations lead to changes in customer demand, there may be risks of order delays, breach of contract, or even termination of cooperation. Previously, on the evening of September 4, 2025, Luoman Co. announced plans to acquire 39.23% equity in Wutong Gaoxin for 196 million yuan in cash. After the transaction is completed, Wutong Gaoxin will be included in the company's consolidated financial statements and become its controlling subsidiary. Wutong Gaoxin is mainly engaged in AIDC computing power infrastructure integration services. The computing power business has already had a positive impact on Luoman Co.'s performance. In the first half of 2026, the company achieved operating revenue of 943 million yuan, a year-on-year increase of 118.11%, net profit attributable to shareholders of the listed company of 71.9747 million yuan, a year-on-year increase of 444.1%, and basic earnings per share of 0.47 yuan.

Luoman Co. released its 2026 semi-annual report, achieving operating revenue of 943 million yuan, up 118.11% year on year, and net profit attributable to shareholders of the listed company of 71.9747 million yuan, up 444.1% year on year. Second-quarter net profit was 25 million yuan, below the upper end of the previously guided range of 23 million to 43 million yuan, and down 45% quarter on quarter from the 47 million yuan net profit in the first quarter.

Luoman Shares disclosed its semi-annual report on August 26. In the first half of 2026, the company achieved operating revenue of 943 million yuan, up 118.11 percent year on year. Net profit attributable to shareholders of the listed company was 71.9747 million yuan, up 444.1 percent year on year. Basic earnings per share were 0.47 yuan. The company said the rise in operating revenue was mainly due to increased business in the urban lighting segment and sound development of the newly added computing power segment, which lifted overall revenue scale. The rise in profit was mainly because higher revenue in the urban lighting segment drove overall gross profit up, while the new computing power segment provided a new profit growth point.