Hippotech Data (300857.SZ) has unveiled its semi-annual report for 2026, showcasing that its revenue for the first half of the year soared to RMB 12.523 billion, marking a significant 153.29% increase compared to the same period last year. The net profit attributable to shareholders also witnessed a remarkable surge, reaching RMB 1.838 billion, up by a substantial 325.51% year-on-year. This impressive performance growth can be primarily attributed to the robust demand in the AI computing power market, which has fueled expansion across various sectors, including intelligent computing products and services, server remanufacturing, and data storage. The company has opted not to distribute dividends, issue bonus shares, or convert capital reserve into share capital at this time. Additionally, the net profit for the second quarter stood at RMB 1.088 billion, reflecting a healthy 45% increase from the previous quarter and aligning with the previously forecasted range.
