Zhonghuan New Energy's AI computing revenue surges to 1.047 billion yuan in H1, nearing 20% of total

Hong Kong, [Date] – Shares of Zhonghuan New Energy (01735) rose nearly 5% in early trading, climbing 4.22% to HK$8.77 as of the time of writing, with a turnover of HK$45.476 million.

Interim Results Highlight Growth in AI Computing Business

The company recently announced its interim results for the 2026 fiscal year, reporting:

• Revenue: Approximately HK$6.33 billion, up 56.3% year-on-year
• Gross Profit: Approximately HK$130 million, up 50.0% year-on-year

Notably, Zhonghuan New Energy's second growth engine—its AI computing business—saw revenue surge to HK$1.047 billion, accounting for nearly 20% of total revenue. This shift signals the company's evolving growth strategy from a core focus on photovoltaic manufacturing toward a composite growth model integrating "new energy + AI + computing power."

New Product Launch and Strategic Vision

At the SNEC 2026 exhibition held in June, Zhonghuan New Energy officially launched the "Huanxi-AIDC" series of photovoltaic modules specifically designed for AI data centers. The product targets energy challenges in the era of intelligent computing, supporting efficient operation of the computing-electricity coordination system.

In parallel, leveraging its own clean electricity and energy storage infrastructure, the company is proactively planning the construction of AI computing centers. The initiative aims to provide stable, low-carbon power supply for energy-intensive computing infrastructure.

Chairman Zhu Yunzhu further outlined a vision for a "Photovoltaic New Energy + AI" mega-base, proposing the development of a green facility integrating photovoltaic power generation, energy storage, and intelligent computing. The goal is to establish a virtuous cycle of "green electricity powering computing power, and computing power supporting green electricity."