Yitian Buys Up to 2 Billion Yuan in AI Servers: A Stove Maker Moves Into Computing

Chinese built-in kitchen stove maker Yitian (亿田智能) said on July 26, 2026 that its wholly owned subsidiary Gansu Yisuan will buy servers and related equipment worth up to 2 billion yuan (about $280 million) in order to provide computing power to customers.

What the 2 billion yuan will pay for

Yitian will spend up to 2 billion yuan on servers and related equipment from several suppliers, with the deal run by its subsidiary Gansu Yisuan (甘肃亿算). According to Cailian Press (财联社), the equipment is intended for providing computing-power services to customers, and the transaction is neither a major asset restructuring nor a related-party transaction.

• Announcement date — July 26, 2026
• Contract value — up to 2 billion yuan (about $280 million)
• Buyer — Gansu Yisuan, a wholly owned subsidiary of Yitian
• Purpose — computing services for external customers
• Status — not a major asset restructuring and not a related-party transaction

Why a stove maker wants computing power

Yitian is using the purchase to speed up the build-out of its own AI computing resources and to enter the compute-services market. The servers bought with the 2 billion yuan will become infrastructure that the company rents out to customers for their AI workloads.

This is a typical 2026 pattern: Chinese companies from non-core industries are redirecting capital into scarce computing capacity amid a boom in demand for GPUs and AI infrastructure. Renting out server resources for model training and inference has become a high-margin business in China because of chip shortages, and a home appliance maker is now trying to claim a place in it.

What the company itself cautions

Yitian stresses that the new line contributes only minimally for now: the computing-power business is at its very earliest stage, and the company's main revenue still comes from built-in stoves and other kitchen appliances.

"The computing-power business is at an early stage of development; the

company's main business remains the manufacture of built-in stoves and other kitchen appliances, and the overall operating base has not changed," Yitian says in its corporate disclosure, according to Cailian Press.

What this means

The 2 billion yuan purchase shows how far the race for AI compute has gone in China: even home appliance makers are entering the compute-services business. But for now this is a bet on the future, not a change of core model — all of Yitian's revenue still comes from kitchen stoves.

Frequently asked questions

Why does a kitchen appliance maker need servers?

Through its subsidiary Gansu Yisuan, Yitian is buying servers to sell computing power to customers and to speed up the build-out of its own AI resources. It is a move into a business that is new for the company: providing compute services.

How much will Yitian spend on servers?

The total value of contracts for servers and equipment will not exceed 2 billion yuan (about $280 million). The announcement was made on July 26, 2026.

Is Yitian's core business changing?

No. The company stresses that the computing business is at an early stage, and its main revenue still comes from built-in stoves and kitchen appliances; the overall operating base has not changed.