[SMM Computing Power Flash] 3 H200 PCIE units in Central China under annual contract, monthly rental 126,000
SMM learned that three H200 PCIE servers were released in Central China, with an annual contract monthly rent of 126,000 yuan per unit. Compared with the previous East China H200 spot three-year fixed-price of 128,000 yuan and Central China H200 five-year fixed-price of 123,000 yuan, the PCIE version's annual contract price was in the middle, with series quotations remaining firmly above 120,000 yuan. SMM believed that the price spread among different H200 delivery forms (spot/PCIe/fixed-price/annual contract) was relatively small, and the intergenerational premium over H100 (75,000 - 82,000 yuan) was about 60%, consistent with its performance positioning.