🇨🇳Hongxin Electronics’ subsidiary Beijing Anliantong signed server-compute chip procurement contracts totaling RMB2.983 billion including tax with unnamed suppliers.

Financial_Express reports a Shenzhen Stock Exchange announcement stating that Hongxin Electronics’ wholly owned subsidiary, Beijing Anliantong Technology Co., Ltd., signed procurement contracts with suppliers identified only as Company A and Company B. The contracts cover high-performance server-compute chips, rather than a stated number of complete servers or racks.

The individual contract amounts are RMB2.131 billion and RMB852 million, both including tax. Their disclosed combined value is RMB2.983 billion including tax; the report does not identify chip manufacturers, models, quantities, or delivery schedules.

Hongxin said the purchases would strengthen its server supply capabilities, support AI-compute and edge-AI demand, and broaden its AI-compute and high-performance-server services portfolio. Those statements describe management’s intended business benefits, not achieved market-share gains or operating results; the supplied source does not provide payment conditions, collateral, financing arrangements, or customer commitments.