Yoozoo Games plans to procure GPUs for 4.225 billion yuan, about 3 times its 2025 revenue

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A game company with a market value of tens of billions of yuan plans to spend more than 4.2 billion yuan to purchase GPUs, roughly equivalent to three times the company's revenue last year. This move has attracted market attention.

On the evening of November 3, A-share game company Yoozoo Games (002174.SZ) issued a contract announcement, stating that its wholly-owned subsidiary plans to purchase GPUs worth 4.225 billion yuan to advance the company's transformation and upgrading. At the opening on the morning of November 4, Yoozoo Games rose by more than 4% at one point, then the gain narrowed. As of 11:00 a.m., the gain had narrowed to 0.09%, at 10.73 yuan per share, with a total market value of 10.52 billion yuan.

Specifically, the announcement shows that Shanghai Yoozoo Information Technology Co., Ltd. (Yoozoo Information) recently signed a Sales Contract with Company A. Yoozoo Information will purchase GPU products of the PRO5500 (PCIe) model from Company A, with a total agreement amount of 4.225 billion yuan.

Citing trade secrets and strategic development considerations, the company has carried out an exemption disclosure procedure for information about the counterparty and the transaction content. According to public information, the PRO5500 (PCIe) model corresponds to NVIDIA's RTX PRO 5500 professional-grade card based on the Blackwell architecture, equipped with 84GB GDDR7 memory, positioned for professional workloads such as enterprise-level AI inference, generative AI, graphics processing and simulation.

Yoozoo Games said that the project's funding sources are a combination of its own funds, bank credit, financial leasing and other methods. The announcement mentioned that because the delivery method stipulated in this contract is batch delivery, the funds can be used on a rolling basis, and the overall scale of capital investment is controllable.

The company stated that the implementation content and progress of the contract are subject to uncertainty, and the amount of impact on financial indicators cannot yet be measured. If implemented smoothly, it will help the company advance its transformation and upgrading.

A Yicai reporter noted that on the evening of November 2, Yoozoo Games announced that it had provided a guarantee of 100 million yuan for Yoozoo Information.

Previously, Yoozoo Games' third-quarter financial report released on October 27 showed that the company's revenue in the first three quarters was 1.063 billion yuan, a year-on-year increase of 4.31%; net profit was 142 million yuan, a year-on-year increase of 85.97%. Among this, the company's third-quarter revenue was 366 million yuan, a year-on-year increase of 10.75%; net profit was a loss of 111 million yuan, a year-on-year decrease of 522.46%.

The 4.225 billion yuan computing power contract is roughly equivalent to three times Yoozoo Games' 2025 revenue of 1.402 billion yuan and four times its revenue in the first three quarters of 2026.

As of September 30, 2026, Yoozoo Games' total assets were 6.628 billion yuan, cash and cash equivalents balance was 1.176 billion yuan, and total liabilities were 2.018 billion yuan.

The gaming business remains Yoozoo Games' revenue pillar. In the first half of 2026, the company's gaming business revenue accounted for more than 99% of revenue. The company's main products include the "Young Three Kingdoms" series, "Young Journey to the West" and others. But in recent years, Yoozoo Games has begun to build an AI upstream and downstream ecosystem and has frequently entered the computing power industry chain, including establishing an AI Innovation Institute internally and investing in domestic GPU companies such as Sunrise and Biren Technology.

In July 2025, Yoozoo Games invested in domestic GPU company Sunrise and reached a strategic cooperation. The two sides integrated high-performance customized GPU computing power solutions and distributed architecture capabilities to build a computing power foundation for AI-empowered game development. In August this year, the company reached cooperation with Kangying Semiconductor and Sunrise to establish a "2.5D/3D Advanced Packaging Center" in Wuxi High-tech Zone, focusing on advanced packaging processes such as CoWoS-like technologies.

In September, the advanced packaging project of Dijiang Technology, jointly initiated by the company, started in Shanghai. The project will invest in and build large-scale production lines in phases, create a full-category process platform for 2.5D/3D advanced packaging, and provide one-stop mass production foundry services for customers of high-computing-power chips such as AI and storage.

From investment in domestic GPUs to GPU procurement, Yoozoo Games' business layout appears to be extending from gaming AI business deeper into the computing power industry chain. This may be a ticket to transformation, or it may be a stress test. Large capital expenditures, batch delivery, changes in demand and financial impacts that cannot yet be measured—any one of these links requires stronger operational capability to absorb.

(Source: Yicai) Body middle embedded advertisement