[Xingyun Technology: Signed 16.878 billion yuan computing power lease contract as of October 9] On October 13, Xingyun Technology (300209.SZ) released an investor relations activity record statement. As of October 9, the company had signed all computing power contracts with its five core customers, all adopting a heavy-asset model of self-purchasing GPUs, building clusters, and collecting fixed rents. The total value of the five five-year orders is 16.878 billion yuan, and the total average annual rent is approximately 3.376 billion yuan. Among them, the V customer (listed company of a central enterprise) has a contract amount of 6.523 billion yuan, with a term of 3+2 years, and an average annual rent of about 1.305 billion yuan; a VC customer contract amount of 5.508 billion yuan, with a term of 5 years, and an average annual rent of about 11. 0.2 billion yuan; the contract amount for VB customers (large model manufacturers) is 3.053 billion yuan, with a term of 5 years, and the average annual rent is about 611 million yuan; the contract amount for VD customers is 922 million yuan, and the contract amount for VE customers is 872 million yuan. In the third quarter, leading customers such as V customers, VB customers, and VC customers negotiated to increase the rental price for signed orders.