Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 26, 2026
AI Summary
Q2 2026

Revenue: First-half revenue was RMB 74.5 billion, with growth led by AI-related infrastructure and overseas operations despite a challenging external environment.

AI growth: AI-plus revenue reached RMB 7.4 billion, up 62% year-on-year, while AIDC revenue grew 63% and new AI-plus contracts rose 30%.

New contracts: Total new contracts were RMB 100.4 billion; contracts in the six major growth areas rose 11% to RMB 34.4 billion and represented 34% of the total.

Profitability: Net profit was RMB 1.97 billion. Management said tight expense control supported operating-profit-margin improvement, while full-year net profit is expected to stabilize and recover.

Markets: Domestic operator revenue grew 1.9% to RMB 38.9 billion, overseas revenue rose 7.4% to RMB 2.3 billion, and Asia Pacific grew by nearly 40%.

Shareholder returns: The company set a three-year dividend plan, with the payout ratio expected to increase from 43% in 2025 to no less than 46% by 2028.

Key Financials
Revenue
RMB 74.5 billion
Net profit
RMB 1.97 billion
AI-plus revenue
RMB 7.4 billion
AI-plus new contracts
RMB 12.3 billion
Total new contracts
RMB 100.4 billion
Six major growth areas new contracts
RMB 34.4 billion
Domestic operator revenue
RMB 38.9 billion
Domestic non-operator revenue
RMB 33.2 billion
Overseas revenue
RMB 2.3 billion
AIDC new contracts
RMB 10.9 billion
CCS smart maintenance new contracts
RMB 15.6 billion
R&D investment
RMB 2 billion
R&D investment in AI and smart applications
more than 45% of R&D investment
Dividend payout ratio
43% in 2025

Other Earnings Calls

2026
2025