GPU Rental603629.SH

Lettall Electronics

利通电子

AI compute lessor that directly leases self-owned GPU capacity and subleases rented compute

Headquarters: Yixing, Jiangsu, China
Region: Jiangsu
Founded: 1991
Stage: Public

Overview

Lettall Electronics (603629.SH) is a Shanghai-listed company that runs a dual business of AI computing and TV precision metal components. Its compute business operates two models: directly leasing self-owned AI compute capacity to customers, and subleasing compute it rents in. It provides technical support and O&M independently in both models. As of its 2026 interim report, it could schedule over 38,000P of compute resources (16,000P self-owned, 22,000P subleased). Its compute and related services revenue reached CNY 1.274 billion in H1 2026, up 162.38% year on year.

3Products 2People 2Company links

Products

Direct Compute Leasing

Directly leases self-owned AI compute equipment to customers.

Compute Subleasing

Rents compute upstream and subleases it downstream, in China and overseas.

AI Compute Server Distribution

Distribution of AI compute servers alongside leasing.

Highlights

01Schedulable compute resources exceed 38,000P (16,000P self-owned, 22,000P subleased).
02Compute and related services revenue grew 162.38% year on year in H1 2026.
03Operating both direct leasing and subleasing models, with independent technical support in each.