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Xingyun Technology: Signed a 300 million yuan compute power services contract with a state-owned supplier in a certain country

2026-07-20 20:33:46

ME AI message: Hangyun Technology announced that the company has signed the “Computing Power Service Contract” and the “Framework Cooperation Agreement for Computing Power Services” with a state-owned enterprise supplier in a certain country. Under the contracts, the SA supplier will provide 32 sets of GPU computing power services for a term of 8 years (including a 5-year service period + a 3-year fixed renewal period), with a total tax-included amount of 300 million yuan. The contract service term is 5 years; the computing power services will be delivered in batches, accepted in batches, and billed in batches. Each batch will be independently accepted and billed separately. The renewal period is 3 years: during the renewal period, 70% of the net profit generated by the company from carrying out business using the SA supplier’s computing power resources will be attributed to the company, and 30% will be paid to the SA supplier as the computing power service fee. (Source: Eastmoney)

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