HDBaoKang Technology secured a major contract to supply high-performance GPU servers on May 11, 2024. The agreement involves a significant financial commitment that dwarfs the vendor's typical annual revenue. This procurement highlights the intense demand for computing infrastructure in the Chinese market.
Major procurement deal highlights intense demand for computing infrastructure in China.
The contract value stands at 2.783 billion CNY when including taxes. The net value excluding taxes amounts to 2.463 billion CNY. This figure represents more than fifteen times the company's audited operating revenue for the year. HDBaoKang reported an annual revenue of only 163 million CNY, making this deal disproportionately large for the firm.
The buyer for this hardware is Beijing Qimingxinghan Technology. This entity was established in June 2025 with a registered capital of just 10 million CNY. Tianyang Technology holds a 75 percent stake in the buyer and plans to invest between 3.5 and 4 billion CNY in computing power leasing. The servers and associated network equipment must be delivered in batches within 65 days. A six-year service agreement covers the computing platform.
The ultimate end-users of these GPU servers remain undisclosed. The announcement does not reveal the specific identity of the terminal cooperation customers. This lack of transparency leaves the final application of the hardware unclear. The buyer's recent establishment and minimal capital raise questions about its operational capacity relative to the contract size.
HDBaoKang Technology has not confirmed the launch window for the delivery of these servers. The company also has not clarified the specific identity of the final customers. The scale of the contract contrasts sharply with the vendor's current financial scale.
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