Xiechuang Data's revenue reached 12.523 billion yuan in the first half of 2026, a year-on-year increase of 153.29%. Net profit surged by 325.51% year-on-year to 1.838 billion yuan.
Driven by the AI hashrate wave, XIECHUANG DATA released its H1 2026 earnings announcement, which significantly exceeded market expectations. The company's net cash flow from operating activities dramatically turned positive to RMB 1.825 billion, from negative RMB 1.56 billion in the same period last year. Meanwhile, the company is advancing a series of major strategic deployments, including the approved server procurement plan totaling no more than RMB 11 billion, the launch of a private placement plan of no more than RMB 8 billion in June, and the acquisition of a controlling stake in the optical chip company Guangwei Technology for RMB 510 million, accelerating its transformation into a comprehensive hashrate solution provider.
Source:华尔街见闻 · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
PINU Coin Analysis: An Overview of Pi INU, Pulse Inu, and Piccolo Inu Projects
-
2
OKX and Okcoin Platforms: Download, Evolution, and Core Function Analysis
-
3
Elon Musk's X Platform Crypto Payment Progress: Analysis of Dogecoin, Bitcoin, and stablecoin Market Impact
-
4
May 2026 Crypto Market Review: Bitcoin Fluctuates Around $77,000 Amid Continuous ETF Outflows and Geopolitical Impacts
-
5
SYNCBRAIN (SYNC) Token Status: Trading Market and Usability Analysis
-
6
Bitcoin Transaction Process Explained: From Initiation to Confirmation
-
7
Blockchain's Core Pillars: Decentralization, Transparency, and Immutability
-
8
What is KSM? An Analysis of the Kusama Network and the Role of its Native Token, KSM
-
9
AISHIB Coin: Project Status, Potential Risks, and Trading Market Analysis
-
10
JOY Coin Status Analysis: Trading Market Nearly Exhausted, Investment Risk Extremely High
Markets Today
Recommended Reading












