AI Computing Infrastructure Gets Dual Boost from Policy and Demand; Domestic Supernodes Accelerate Breakthroughs

In the week ending September 24, among the seven comparable samples of the SMM computing power leasing composite index, only the A100-80G and H100-80G in the Yangtze River Delta rose, with average prices reported at 37,500 yuan (+2.7%) and 82,500 yuan/unit/month (+1.2%), respectively, while the other five items remained flat. On the channel side, there are three main threads: the H200 form factor price spread has extended from the buyout end to the leasing end, with the PCIe five-year all-inclusive package at 98,000 yuan/unit/month versus the SXM closed-end at 120,000-143,000 yuan, and the maximum monthly rental difference for the same model reaching 45,000 yuan.

In the week ending September 24, all 12 SMM computing power price indices in the western region, Beijing-Tianjin-Hebei, and Chengdu-Chongqing remained unchanged. The H100 in the western region held steady at 81,000 yuan/month (14.06 yuan per card-hour), and the H20-96G in Beijing-Tianjin-Hebei held steady at 43,000 yuan/month (7.47 yuan per card-hour). The H200 PCIe five-year long-term agreement price fell below 100,000 yuan for the first time.

At midday on September 24, Aoni Electronics announced that its wholly-owned subsidiary Aoni Intelligent Technology (Zhongshan) Co., Ltd. (hereinafter referred to as "Aoni Intelligent") recently signed a procurement contract with Company B. Under the contract, Aoni Intelligent will purchase GPU computing card products from Company B, with a total contract value of $232.26 million (equivalent to approximately 1.556 billion yuan). The company stated that the semiconductor industry as a whole is currently facing the common challenges of tight raw material supply and rising costs. If the contract is fulfilled smoothly, it is expected to have a positive impact on the company's operating results for the year of performance. The company also noted that although the contract has been formally signed and has taken effect, during the performance of the contract, factors such as major changes in the external macro environment, industry policy adjustments, and other unforeseeable or force majeure events may lead to the risk that the contract cannot be performed on schedule or in full. In addition, during the performance period of this contract, there is a risk that either party may lose the ability to perform due to changes in business conditions, deterioration of financial status, or other circumstances. Investors are advised to invest rationally and be aware of investment risks.