HONG KONG SAR - Media OutReach Newswire - 20 August 2026 - Phancy Group Co., Ltd. ("Phancy" or "the Group", stock code: 6682.HK), a leading enterprise AI cloud service platform, today announced its interim results for the six months ended June 30, 2026 ("the period"). During the period, the Group achieved revenue of RMB3,765 million, representing a 43.4% year-on-year increase. Gross profit amounted to RMB1,233 million, with an overall gross profit margin of 32.8%. Profit attributable to owners of the parent company amounted to RMB119 million, while adjusted profit attributable to owners of the parent company amounted to RMB150 million. Both measures turned profitable, reflecting continued improvement in operational efficiency and profitability alongside the expansion of the Group's business scale. The Group's three major business segments developed in synergy. The API business recorded revenue of RMB464 million, representing a year-on-year increase of 860.8%, and became a key growth driver for the Group. The AI Platform business recorded revenue of RMB3,088 million, representing a year-on-year increase of 30.0%. The Agentic AI business recorded revenue of RMB214 million, representing a year-on-year increase of 4.9%. Dr. Dai Wenyuan, Founder, Chairman and Chief Executive Officer of Phancy, said: "In the first half of 2026, the Group accelerated revenue growth and further improved profitability, supported by the coordinated development of our AI Platform, API and Agentic AI businesses. The AI Platform continued to strengthen our core business foundation, while the API business delivered breakthrough growth by leveraging the capabilities of the Token Factory, becoming an important growth engine for the Group. Looking ahead, we will capitalize on the opportunities arising from the large-scale adoption of enterprise AI, apply our technological and operational strengths to deepen synergies between the AI Platform and API businesses, and focus our Agentic AI business on high-value industry applications. We remain committed to maintaining high-quality growth and operational efficiency while creating long-term, sustainable value for our clients and shareholders." Token Factory Drives Breakthrough Growth in the API Business During the period, the API business sustained its strong growth momentum and recorded revenue of RMB464 million, representing a year-on-year increase of 860.8%, supported by enhanced Token service capabilities and growing client demand. In the first half of 2026, Token consumption grew by approximately 620% year on year. As of the end of the period, the Group's available computing power resources increased to 28,000 PFLOPS, supporting the expansion of Token service capacity and future development of the API business. In the first half of 2026, the Group continued to enhance its API service capabilities. As one of the Group's core technology platforms, ModelHub has accumulated more than 200,000 "model x chip" adaptation combinations, creating an increasingly significant scale advantage and enabling the Group to meet growing demand for AI model calls from enterprises and developers in Mainland China and overseas markets. The "Token Factory" is not a standalone product, but an integrated production and operational framework connecting heterogeneous computing resources, models and enterprise applications. Leveraging core technologies including HAMi vGPU and ModelHub, the Group has established end-to-end capabilities spanning computing resource scheduling, model adaptation, and Token production and delivery, creating a complete value chain from computing resources to Token services and enabling clients to use AI services with greater stability, efficiency and cost-effectiveness. The Group will continue to optimize the allocation of computing power resources in line with business needs and enhance the production and delivery capabilities of its Token services. As AI adoption expands across a broader range of use cases, the API business is expected to further unlock its growth potential and create increasing commercial value as it scales. Enterprise Private Deployments Strengthen the AI Platform's Core Business Foundation During the period, the AI Platform business achieved revenue of RMB3,088 million, representing a year-on-year increase of 30.0%. The Group's orders on hand amounted to approximately RMB7 billion. Supported by broader client coverage, a steady increase in the number of paying clients and growing revenue contributions from major high-quality clients, the AI Platform business maintained steady growth and remained a stable contributor to the Group's revenue. During the period, the number of paying clients with RISE vGPU, the commercial version of HAMi vGPU, as their primary requirement increased approximately 5-fold year on year. As the adoption of heterogeneous computing resources continues to expand, enterprises' needs for more effective computing power and higher resource...