On April 7, Shannon Semiconductor disclosed that it projects its net profit attributable to shareholders of the listed company for the first quarter of 2026 to range between RMB 1.14 billion and RMB 1.48 billion. This represents a remarkable year-on-year increase of 6714.72% to 8747.18% when compared to the RMB 16.7285 million recorded in the corresponding period of the previous year. In addition, the net profit after deducting non-recurring items is expected to be in the range of RMB 1.118 billion to RMB 1.458 billion, showing a substantial rise of 7424.82% to 9713.23% from the RMB 14.8575 million posted in the same period last year.
The primary drivers behind this significant performance shift include the escalating demand for applications related to Artificial General Intelligence (AGI), a general upswing in industry prosperity, and the increasing prices of enterprise-level storage products. These factors have collectively bolstered the company's profitability. Furthermore, the company's non-recurring gains and losses are estimated to be around RMB 22 million.