Qian Xun Tech (01640) collaborates with Huazhang Data: Digging into the "retired computing power" gold mine to create a new paradigm of computing power circular economy.

On February 24, 2026, QIAN XUN TECH Limited Company (01640) and the top domestic data center service provider HUAZHANG Data Technology Limited Company officially announced a strategic collaboration. The two parties will build a closed-loop system for green computing asset lifecycle management (LCM) around the "computing power circular economy," directly targeting the core issues of fast hardware depreciation and high energy consumption in the computing power industry. Through technological innovation, they aim to achieve the hierarchical utilization and green low-carbon operation of existing computing power resources, tap into the new green computing power blue ocean in the high-speed development of the artificial intelligence industry, and jointly explore the "second growth curve" in the era of artificial intelligence. Industrial background: the dual challenges of computing power gap and green transformation Computing power is a core production factor of the digital economy and a key infrastructure supporting the development of new productive forces. The country is continuously accelerating the construction of a national integrated computing power system. Data shows that the compound annual growth rate of intelligent computing power in China in the next five years is expected to reach 52.3%, directly driving the continuous expansion of the data center industry. At the same time, intelligent computing power imposes higher demands on data center power supply, heat dissipation, energy efficiency, etc. Under the dual requirements of the "dual carbon" goal and cost reduction and efficiency increase, data centers urgently need comprehensive optimization in the design, construction, and operation stages. The hierarchical utilization of existing computing power resources becomes an important breakthrough to solve the computing power gap and green transformation, and the computing power circular economy is entering a golden development period. In this context, QIAN XUN TECH and HUAZHANG Data, with their respective core strengths, will cooperate to explore the development path of the computing power circular economy. By building a computing asset lifecycle management system, retired computing power assets will be re-released to create new business value and provide a new solution for the industry's green development. Core logic: dual-drive of asset end and operation end, restructure the value of retired computing power The core logic of this cooperation lies in the highly complementary resources and deep integration of capabilities between QIAN XUN TECH and HUAZHANG Data, to complete the full-value restructuring process, from retired computing power asset recovery and remanufacturing to standardized operation, allowing "retired assets" to become efficient "production tools." Supply chain end: QIAN XUN TECH establishes a solid foundation for standardized recycling of computing power assets. As a benchmark enterprise in the circular economy, QIAN XUN TECH and its partners have a mature global reverse logistics network, standardized industrial remanufacturing processes, and global distribution channels. Leveraging its global electronic product supply chain network, QIAN XUN TECH will establish a targeted recovery mechanism for high-value computing power assets such as GPU servers and high-density storage arrays retired by leading internet companies and supercomputing centers. Through deep cleaning, component-level repair, pressure testing of core components (CPU/GPU/memory), and firmware upgrades, QIAN XUN TECH ensures that the equipment's performance is restored to industry-leading levels. At the same time, QIAN XUN TECH will create a digital lifecycle record of the equipment, complete asset rating and residual value assessment, provide precise data support for subsequent operations and capital operations, achieve standardized and large-scale supply of remanufactured computing power assets. Operation end: HUAZHANG Data ensures efficient operation of remanufactured computing power with high standards of technical capabilities. As a leading domestic data center infrastructure service provider, HUAZHANG Data will provide customized rack resources for remanufactured computing equipment, optimize airflow organization and distribution architecture for devices with non-standard and high power consumption characteristics. Its self-developed "Iceberg Magic Cube" micro-module integration innovative solution, combined with cold station design and other innovative technologies, can increase annual operation efficiency by 20% to 50%, saving one-third of the floor space and shortening construction time by half compared to traditional cooling solutions, significantly reducing the operation and maintenance costs of air conditioning systems. At the same time, HUAZHANG Data has created a professional computing power base tailored for supercomputers and AI applications, extending distributed computing and edge computing capabilities, providing stable network and basic resources, and building a financial-grade data security and privacy protection system to provide 24/7 high-reliability operational support for remanufactured computing clusters. Market layout: Accurately positioning high cost-effective computing power demand, covering multiple core application scenarios Based on standardized remanufactured computing power assets and professional operational service capabilities, the two parties will jointly launch two core service products: "High Cost-effective Bare Metal Cloud" and "Elastic Computing Power Leasing." These products will precisely meet the core demand gap in the current computing power market suitable for applications that have moderate reliance on the latest hardware processes but are extremely cost-sensitive, providing high-cost-effective computing power support for the digitalization and intelligent transformation of various industries. AI model inference: Providing highly competitive computing power support for large-scale inference tasks of various AI models to help popularize AI applications on the ground; Cloud rendering and cloud gaming: With high-performance remanufactured computing power hardware, optimizing graphics processing and real-time rendering costs, adapting to the computing power needs of cloud gaming, film production, and other scenarios; Scientific computing simulation: Providing low-cost high-performance computing power for small and medium-sized research institutions and manufacturing companies to help them carry out research simulations, industrial design, and accelerate the digital transformation process. Business closed-loop: Joint operation of "assets + services," exploring new commercial paths for computing power assets This collaboration has established a joint operation model of "assets + services," combined with a clear profit distribution mechanism and an imaginative capital cooperation path, forming a complete business closed loop to achieve shared risks and benefits between the two parties, while maximizing the commercial value of remanufactured computing power assets. Joint operation: QIAN XUN TECH invests remanufactured computing equipment as fixed assets, while HUAZHANG Data provides rack resources, power bandwidth, network resources, and professional operation and maintenance services to ensure the efficient, stable, and compliant operation of the remanufactured computing cluster, achieving the optimal allocation of resources. Profit distribution: The computing leasing income generated by the project, after deducting necessary operating costs, will be shared between the two parties according to an agreed-upon ratio. Capital cooperation: The two parties will jointly explore capital operation schemes such as financing leasing and asset securitization based on computing power assets to revitalize existing computing power assets, improve the liquidity and turnover efficiency of computing power assets, and further unlock the commercial value of computing power assets. This strategic cooperation between QIAN XUN TECH and HUAZHANG Data is a key move for QIAN XUN TECH's layout of an enterprise-level high-performance computing equipment recycling system, marking the company's official entry into the high-growth green computing power sector and the high-end and industrial upgrading of the circular economy business. This is not only resource integration between enterprises but also an important innovation in the development model of the computing power industry. With the continuous rise in AI computing power demand, the consensus on green development, and the rapid expansion of the computing power leasing market, the cooperation between the two parties will promote the efficient utilization of existing computing power resources, create a remanufactured computing power service system that combines cost advantages, green attributes, and service reliability, and provide a new paradigm for the sustainable development of the computing power industry. About HUAZHANG Data: HUAZHANG Data is a leading data center service provider in China and a core computing power partner of ByteDance. The company focuses on the planning, construction, and operation of high-grade data centers, aiming to provide customized services such as large data center construction, network connectivity and security, and hybrid cloud operation and management in first-tier cities and national computing power hub nodes such as Guangzhou, Shenzhen, Shanghai, and Beijing. Currently, HUAZHANG Data has laid out multiple national standard Grade A high-grade intelligent data centers, such as Changsha No.1, Beijing No.1, Foshan No.1, Baoding No.1, Guangzhou No.4, and Hangzhou No.1, established a national backbone network, and multiple network POP points. Its Foshan Blue Bay cloud computing industrial park was selected as a National Green Data Center in 2025. The HUAZHANG Xuanhua computing power hub industrial base, with a total investment of 8.6 billion yuan, as one of the eight national computing power hub nodes, passed final acceptance and was delivered to ByteDance for use on November 24, 2025. Once completed, it will provide important support for the construction of the "Eastern Data and Western Computing" computing power network in the Beijing-Tianjin-Hebei region and even nationwide. The core team of HUAZHANG Data has rich experience in data center construction, operation, and maintenance, and has completed the planning and construction of multiple large-scale cloud computing data centers. As a member unit of the China Electronics Society of the Ministry of Industry and Information Technology, the company actively participates in national green data center-related work and continuously promotes the green and intelligent development of computing power infrastructure through technological innovation. In the future, based on national policies and trends in technologies such as artificial intelligence, HUAZHANG Data will further layout national computing power hub nodes, strengthen resources for intelligent computing centers in core regions such as Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Greater Bay Area to build a solid foundation for the high-quality development of the digital economy.