Digital New Energy DataBM. Com learned that on the evening of April 16, Jingke Science and Technology announced that the company had recently formally signed the Investment Agreement with the Zhongwei Municipal People's Government. Cooperation intention was reached on the project of Ningxia Zhongwei 1GW Computing Power Center.
It is understood that the project is located in Xuanhe District of Zhongwei Data Center Cluster in Ningxia, covering an area of about 800 mu, which is industrial land. The total investment of
the project is about 24.5 billion yuan , and about 50000 cabinets are planned to be deployed in three phases. The planned investment for the first phase of the project is about 10 billion yuan, and the IT power is 400 MW; the planned investment for the second phase is about 6 billion yuan, and the IT power is 300 MW; the planned investment for the third phase is about 8.5 billion yuan, and the IT power is 300 MW. In terms of
cooperation, the Zhongwei Municipal Government will coordinate the examination and approval of energy assessment for the project, and handle a complete set of procedures such as land, planning, energy conservation and environmental assessment, and incorporate them into key investment attraction projects at the municipal level and key construction projects of data center clusters. Jingke Science and Technology needs to register the project company as soon as possible, and actively promote the data center project formalities, and standardize the implementation of project construction and operation according to law.
For this cross-border investment, Jingke Science and Technology explained in the announcement that it will take new energy power generation as the main industry and lay out computing infrastructure, which is a strategic extension under the trend of computing power integration, and is conducive to opening up growth space, smoothing cyclical fluctuations and creating differentiated core competitiveness.
It is noteworthy that the company's share price rose by nearly 30% before the announcement. As of the close of April 17, Jingke Technologies'share price rose 3.75% on the same day, closing at 691 yuan per share, with the latest total market value of 24.69 billion yuan . On the evening of the
announcement, the Shanghai Stock Exchange simultaneously issued a regulatory letter to Jingke Technologies, its directors and all senior managers on the matter.
However, it should be noted that the company's ambitious investment plan does not match its fundamentals. By the end of the third quarter of 2025, the book currency capital of Jingke Science and Technology was only 5.394 billion yuan , and there was a fund gap of nearly 19 billion yuan between the investment of 24.5 billion yuan.
In this regard, Jingke Science and Technology explained that it would make up for the funding gap by other means, such as direct financing and indirect financing, and steadily advance by introducing strategic partners to co-invest and invest by stages, so as to reasonably control the investment rhythm and financial pressure. However, the specific plan has not yet been determined .
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