According to the Huatai Securities Research Report, the computing power leasing sector continued to be booming, and 20 computing power leasing related companies were selected as a sample. The median revenue growth rate in the first half of 2026 reached 40.1% year-on-year in the study sample, reflecting the fact that the computing power resources invested earlier were delivered and listed one after another, compounded by the continued growth in downstream AI computing power demand, and revenue maintained a relatively rapid volume; the median net profit growth rate reached 11% year-on-year during the same period, mainly benefiting from increased asset utilization, high-end computing power price support, and fixed cost dilution. On the asset side, in the first half of 2026, the average size of projects, fixed assets, usage rights, and inventory of the sample company increased by 92.7%, 65.9%, 128.9%, and 64.8%, respectively. Later, there was room for more resources to be converted into billable production capacity. Looking ahead, with the boom in domestic computing power demand, it is expected that the flexibility in computing power leasing performance will continue to be unleashed.

According to the Huatai Securities Research Report, the computing power leasing sector continued to be booming, and 20 computing power leasing related companies were selected as a sample. The median revenue growth rate in the first half of 2026 reached 40.1% year-on-year in the study sample, reflecting the fact that the computing power resources invested earlier were delivered and listed one after another, compounded by the continued growth in downstream AI computing power demand, and revenue maintained a relatively rapid volume; the median net profit growth rate reached 11% year-on-year during the same period, mainly benefiting from increased asset utilization, high-end computing power price support, and fixed cost dilution. On the asset side, in the first half of 2026, the average size of projects, fixed assets, usage rights, and inventory of the sample company increased by 92.7%, 65.9%, 128.9%, and 64.8%, respectively. Later, there was room for more resources to be converted into billable production capacity. Looking ahead, with the boom in domestic computing power demand, it is expected that the flexibility in computing power leasing performance will continue to be unleashed.