Alibaba's Revenue Jumps 9% as AI Cloud Growth Hits 45%—But a Profit Plunge Sends Shares Lower
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Chengbang Technology: First-half profit expected to reach 26 million yuan; semiconductor storage business revenue and net profit both saw significant year-on-year growth.
According to Mars Finance, Chengbang Co., Ltd. (603316.SH) announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be 26 million yuan, turning a loss into a profit year-on-year. The company's semiconductor storage business accounts for over 70% of its revenue and is its core business. During the reporting period, relying on the favorable global semiconductor storage market, the company's semiconductor storage business revenue and net profit increased significantly compared to the first half of 2025, showing improved profitability, but the absolute amount is still relatively small. Note: The company's Q2 net profit is estimated at 3 million yuan, and Q1 net profit at 23 million yuan. Based on this, Q2 net profit is expected to decrease by 89% quarter-on-quarter. (Cailian Press)
Kingsoft Cloud accelerates GPU computing power construction, securing a 10 billion yuan budget from Xiaomi and a multi-billion yuan long-term contract from Alibaba.
According to a report by Jiemian News, as reported by Mars Finance, Kingsoft Cloud will accelerate the construction of its GPU computing power clusters in the second half of the year to meet the explosive growth in computing power demand from leading clients. Xiaomi's GPU computing power requirement for Kingsoft Cloud has been upgraded from a 10,000-GPU cluster, with the related budget increasing significantly from the initial nearly 4 billion yuan to over 10 billion yuan. In addition, Alibaba's big data model team has signed a 5-year computing power leasing contract with Kingsoft Cloud, involving more than 3,000 eight-GPU servers. Based on the contract price, the annualized revenue after full delivery will exceed 4 billion yuan. To meet the surging customer demand, Kingsoft Cloud has increased its 2026 capital expenditure plan to 15 billion yuan, with a full-year revenue target of 12.5 billion to 13.5 billion yuan. It is understood that due to tight upstream supply, Kingsoft Cloud is currently only accepting long-term contract customers for 3 to 5 years for its GPU computing power, and some orders are facing delivery delays. Due to concerns about the risk of asset impairment from stockpiling high-priced computing cards, Kingsoft Cloud is currently suspending its aggressive expansion of hardware, anticipating that computing hardware prices may reach a turning point in the third quarter of this year.
Kingsoft Cloud accelerates GPU computing power construction: Xiaomi's 10 billion yuan budget is finalized, and Alibaba signs a five-year, multi-billion yuan long-term contract.
According to Mars Finance, Jiemian News has exclusively learned that Kingsoft Cloud will accelerate the construction of its GPU computing power clusters in the second half of the year to meet the explosive growth in computing power demand from leading clients. Xiaomi's GPU computing power requirement for Kingsoft Cloud has been upgraded from a 10,000-card cluster to a super-large-scale computing power cluster, with the related investment budget increasing from the initial nearly 4 billion yuan to over 10 billion yuan. In addition, Alibaba's big data model team has signed a 5-year computing power leasing contract with Kingsoft Cloud, involving more than 3,000 eight-card GPU servers. Based on the monthly rental price at the time of signing, the monthly revenue after full delivery is estimated at approximately 300 million yuan, with an annualized revenue exceeding 4 billion yuan. Jiemian News contacted Kingsoft, Xiaomi, and Alibaba for verification, but received no response. (Edited by Wen Shuqi, Jiemian News)
Shengshi Technology: Net profit is expected to increase by 336%-461% year-on-year in the first half of the year, with computing power-related businesses contributing significantly to the performance growth.
Mars Finance reported on July 8th that Shengshi Technology announced it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be between RMB 105 million and RMB 135 million, representing a year-on-year increase of 336.02% to 460.59%. During the reporting period, based on the development prospects of the computing power infrastructure industry and its own advantages, the company vigorously promoted the development of computing power-related businesses, achieving initial results and beginning to recognize revenue. These computing power-related businesses made a significant contribution to the company's performance growth during the reporting period and are becoming a new driving force for the company's performance growth. (Company Announcement)
Optical Technology: Net profit is expected to increase by 170%-190% year-on-year in the first half of the year, driven by continued growth in market demand for high-speed optical modules and optical devices.
According to Mars Finance, Guangku Technology (300620.SZ) announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be between RMB 140 million and RMB 150 million, representing a year-on-year increase of 170%-190%. During the reporting period, benefiting from accelerated global investment in AI computing infrastructure and data center construction, the market demand for high-speed optical modules and optical devices continued to grow. At the same time, the company adhered to technological innovation, continuously launched new products, and actively expanded its domestic and international customer base, resulting in steady revenue growth. The significant year-on-year increase in net profit attributable to shareholders of the listed company was mainly due to the effective boost to profits from increased revenue. Furthermore, with the expansion of production and sales scale, economies of scale became apparent, and the company continued to promote cost reduction and efficiency improvement, comprehensively enhancing its overall profitability. Note: The company's Q2 net profit is expected to be between RMB 95 million and RMB 106 million, and Q1 net profit was RMB 45 million. Based on this, Q2 net profit is expected to increase by 113%-136% quarter-on-quarter. (Cailian Press)
Frost & Sullivan Full-Stack AI Cloud Services Report: Alibaba Cloud Accounts for 40.1%
According to Mars Finance, on July 6th, international market research firm Sullivan released the "Out-of-the-Box AI Cloud Services – 2025 China Full-Stack AI Cloud Services Market Report." The report shows that the total market size of IaaS, PaaS, and MaaS in China will reach 59.59 billion yuan in 2025. Alibaba Cloud's total revenue reached 23.9 billion yuan, ranking first with a 40.1% market share, firmly establishing itself as China's largest AI cloud service provider.