Jingyuan Cloud Sues Lanyun Tech Over 24M RMB Computing Debt

01The Story新闻事实

Nantong Jingyuan Cloud Computing sued Lanyun Technology and guarantor Li Jian in Beijing, claiming 22.50 million RMB in overdue fees, 1.48 million RMB in penalties, and server occupation fees.京源云计算在北京海淀法院起诉蓝耘科技及保证人李健，追讨服务费本金2250.31万元、违约金148.09万元，并索要34台服务器占有费。

Jingyuan Cloud signed a two-year computing service contract with Lanyun Tech in June 2024 at 2.465 million RMB per month.京源云计算与蓝耘科技于2024年6月签署为期2年的算力服务合同，月服务��246.5万元。
Lanyun Tech defaulted on payments starting November 2025, accumulating 22.50 million RMB in unpaid service fees by June 2026.蓝耘科技自2025年11月起拖欠费用，截至2026年6月合同到��确认欠付本金2250.31万元。
Jingyuan Cloud applied for asset preservation to freeze approximately 23.98 million RMB of defendants' assets.京源云计算已向法院申请财产保全，请求冻结被告价值约2398.40万元的财产。

Cross-industry expansion into computing services faces execution risks when capital-heavy leasing meets customer default.传统企业跨界布局算力服务面临履约风险，重资产算力租赁遭遇客户违约冲击。

023 Dimensions维度分析

Consequence影响推演

Litigation Claims & Asset Preservation诉讼请求与财产保全

Plaintiff demands principal payment, liquidated damages, equipment occupation fees, and total asset freeze.原告要求清偿本息、支付设备占用费并申请全额财产保全。

Total Claimed Amount涉案总金额

as of June 2026截至2026年6月24M RMB

July 20262026年7月34 units

Jingyuan Cloud demands 22.50 million RMB in unpaid service fees and 1.48 million RMB in daily 0.05% penalty fees.京源云计算索要服务费本金2250.31万元及按日万分之五计收的违约金148.09万元。
Defendants failed to return 34 servers, triggering ongoing monthly equipment occupation charges of 2.465 million RMB.被告未归还34台算力服务器，原告主张按每月246.5万元持续计收设备占用费。

Stakeholder impact利益相关方

Financial Loss Pressure on Plaintiff原告上市公司业绩承压

The disputed 23.98 million RMB debt accounts for over 34% of Jingyuan Environmental's 2025 net loss.2398万元涉案金额占京源环保2025年净亏损的34%以上，加重公司经营负担。

Jingyuan 2025 Net Loss京源环保2025年归母净利润

-68.8M RMB-6883.2万元

FY 20252025年度

Jingyuan 2025 Revenue京源环保2025年营业收入

473M RMB4.7亿元

FY 20252025年度

Jingyuan Environmental recorded a net loss of 68.83 million RMB in 2025, with net loss widening by 178.29% year-on-year.京源环保2025年归母净利润亏损6883.16万元，同比亏损扩大178.29%。
Jingyuan Environmental's 2025 revenue declined 0.57% year-on-year to 473 million RMB as industrial water business slowed.京源环保2025年实现营业收入4.73亿元，同比减少0.57%。

Cause因果关系

Lanyun Tech Expansion & Capital Constraints蓝耘科技扩张与资金链压力

Heavy asset leasing expansion strained Lanyun Tech's liquidity, leading to contract defaults despite revenue growth.重资产算力扩张加剧蓝耘科技资金链紧张，致使大额算力租赁合同违约。

Lanyun Tech 2024 Revenue蓝耘科技2024年营业收入

FY 20242024年度742M RMB

FY 20242024年度51.2M RMB

Lanyun Tech expanded GPU cloud services rapidly via financial leasing, increasing capital expenditure and leverage ratios.蓝耘科技通过融资租赁模式快速拓展GPU算力云服务，面临较高资产负债率。
Lanyun Tech generated 742 million RMB revenue in 2024 (+81.69% YoY), but net profit remained flat at 51.20 million RMB.蓝耘科技2024年营收7.42亿元增长81.69%，但归母净利润仅5120.49万元基本持平。

03Timeline时间线

2024-06 Jingyuan Cloud and Lanyun Tech signed a 2-year computing contract at 2.465M RMB monthly.京源云计算与蓝耘科技签署2年算力服务合同，约定月费246.5万元。
2024-07 Jingyuan Cloud deployed 34 servers, later moved to Beijing Miyun Data Center.京源云计算部署34台服务器，后迁移至北京密云数据中心。
2025-11 Lanyun Tech began defaulting on monthly computing service payments.蓝耘科技开始出现拖欠月度算力服务费情况。
2026-06-27 Contract expired; Lanyun confirmed owing 22.50 million RMB in service fees.合同到期，蓝耘科技书面确认拖欠服务费本金2250.31万元。
2026-07-23 Jingyuan Environmental announced Beijing Haidian Court accepted the lawsuit.京源环保公告海淀法院受理诉讼，原告已申请财产保全。

Key takeaway核心结论

Jingyuan Cloud's lawsuit against Lanyun Tech highlights growing default risks in Chinese cross-industry computing leases as liquidity tightens.京源云计算诉蓝耘科技案折射出企业跨界布局算力租赁遭遇客户违约与流动性压力的双重风险。

04What to Watch后续关注

Beijing Haidian Court ruling on asset preservation request.北京市海淀区人民法院对财产保全申请的裁定结果。
Return status and valuation of the 34 computing servers.34台算力服务器的实际归还进展与设备贬值评估。
Impact of litigation outcome on Jingyuan Environmental's 2026 financial report.诉讼结果对京源环保2026当期及期后损益的实际影响。

05Uncertainties不确定因素

Whether frozen assets of defendants fully cover the claimed 23.98 million RMB.被告被冻结资产能否足额覆盖2398万元诉求存在不确定性。
Final trial schedule and legally effective judgment timing by the court.海淀区人民法院开庭审理时间及最终判决生效时间。

06Sources信息来源

Jingyuan Environmental Subsidiary Formally Sues Lanyun Tech over 22.5 Million RMB Unpaid Computing Fees2年算力合作终闹掰！拖欠2250万算力费，京源环保子公司正式起诉蓝耘科技中国能源网 · 2026-07-23
Lanyun Technology 2024 Annual Report and Operating Financial Data蓝耘科技2024年年度报告及相关经营财务数据全国中小企业股份转让系统 (NEEQ) · 2025-04-25

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