Xingyun Technology to Raise 2026 Server Procurement Budget to up to RMB 20 Billion

Xingyun Technology (300209) announced on September 15 that the company and its subsidiaries plan to add RMB 13 billion to their original 2026 procurement budget for server equipment and components, bringing cumulative full-year spending using own and self-raised funds, including finance lease payments, to no more than RMB 20 billion. The proposal has been approved by the 28th meeting of the company's seventh board of directors and still needs to be submitted to the shareholders' meeting for review.

If the relevant suppliers ultimately confirmed are related parties of the company, the company will carry out the corresponding review procedures and information disclosure obligations in accordance with the review standards for related-party transactions.

Xingyun Technology said the procurement is necessary for the daily operations of the company and its subsidiaries in businesses including AI computing power and cross-border digital trade, and will help further advance the company's transformation and upgrading.

Xingyun Technology completed judicial reorganization in 2024 and changed its name from Youkeshu to Xingyun Technology in February 2026, establishing a dual-core strategy of cross-border digital trade and AI computing power. It has now formed four business segments: cross-border digital trade, AI computing power services, digital intelligence software operations and maintenance, and computing power supporting services. According to its 2026 interim report released on July 30, first-half revenue was RMB 254 million, up 497.11% year on year; net profit attributable to shareholders of the listed company was RMB 12.0154 million, up 540.15% year on year, turning profitable; and basic earnings per share were RMB 0.0129. Cross-border digital trade generated revenue of RMB 152 million, accounting for 59.77% of total revenue; AI computing power generated revenue of RMB 67.1571 million, accounting for 26.42% of total revenue.

The interim report showed that during the reporting period, emerging businesses such as AI computing power hardware scaled up, while the traditional cross-border e-commerce business recovered. As of the disclosure date of the report, the company had computing power and storage orders in performance totaling about RMB 15.4 billion. As of July 2026, the company and its subsidiaries had applied for credit facilities of RMB 18.024 billion from financial and non-financial institutions, of which RMB 10.264 billion had been approved. In an institutional research session on September 9, the company disclosed that as of September 8, its five-year long-term framework orders for computing power in hand reached RMB 16.004 billion, with clients including leading centrally administered state-owned listed companies and first-tier large-model developers, among others. Three core orders completed price adjustments and capacity expansions in July.

Since 2026, several listed companies have announced increased server procurement and related matters. Yitian Intelligent announced on August 13 that its subsidiary Gansu Yisuan Intelligent Technology Co. , Ltd. signed a server procurement contract worth RMB 135.5 million based on business development needs, bringing cumulative procurement to RMB 665 million.