(Yicai Global) March 16 -- Shares of New Universal Science and Technology rose after the intelligent devices developer signed a CNY580 million (USD89.2 million) agreement to build and operate a data center with Jiangxi Sesumg Technology, a smart healthcare products maker.

New Universal’s stock price [SHE:300472] ended 4.5 percent higher today at CNY9.13 (USD1.40), after earlier jumping as much as 8.3 percent. The benchmark Shenzhen Component Index added 0.9 percent.

The project is worth the equivalent of 119 percent of New Universal’s revenue in 2019, the Beijing-based company said in a statement yesterday, adding that it will boost the firm’s earnings this year and improve its digital technology development capability.

New Universal will plan and develop computing power and storage equipment for the new data center, and provide services including supply of materials, installation, software configuration and maintenance, it said.

Sesumg Technology develops household healthcare products such as devices to measure body temperature and pulse, and it also uses artificial intelligence, Internet of Things and blockchain technology, the statement said.

Editor: Tom Litting