Seven A-share Firms Disclose Computing Power Contracts Worth Up to RMB 38.4 Billion

Between July 1 and August 5, 2026, seven A-share listed companies in China disclosed computing power-related contract announcements, with a combined maximum value of RMB 38.4 billion. Since the second half of 2026, the supply-demand balance for computing power has remained persistently tight, accelerating capital expenditure across the industry chain. Computing power server, cloud service and leasing contracts have ranged from hundreds of millions to tens of billions of yuan, with related orders now entering a phase of concentrated delivery.

On August 5, Fengzhushou Co. , Ltd. announced that its wholly-owned subsidiary, Ya'an Yunzhi Computing Power Technology Co. , signed a computing power server procurement agreement with Company A and a computing power service contract with Company B, with a combined contract value of RMB 7.67 billion. The contracts involve integrated computing power operations services, aimed at strengthening the company's computing power support and service capacity while promoting coordinated development of computing power with AI large models, cloud terminal technology and digital product operations.

On August 4, Guangdong Gaole Co. announced that its wholly-owned subsidiary, Harbin Zhichen Technology Co. , signed a five-year computing power service contract with a customer, with a total value of RMB 3.195 billion including tax. The contract is intended to lock in long-term cash flow and further expand the company's high-value computing power business.