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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.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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