Zhitong Finance App News, ConvinceService (300454.SZ) released its 2026 semi-annual report. During the reporting period, the company achieved revenue of 3,998 billion yuan, an increase of 32.85% over the previous year. Achieved net profit of 231 million yuan attributable to shareholders of listed companies. Achieve net profit of 179 million yuan attributable to shareholders of listed companies after deducting non-recurring profit and loss. Basic earnings per share were $0.54.
Thanks to the high overall prosperity of the cloud computing industry and rising market prices for server hardware and accessories, the company's cloud computing and AI infrastructure business achieved revenue of 2,212 billion yuan, an increase of 58.60% over the previous year, and the revenue share rose to 55.34%, which is the core business segment driving the company's overall revenue growth. During the reporting period, the gross margin of the cloud business increased by 3.10 percentage points to 49.11% compared to the same period last year, mainly due to the fact that inventory from strategic low price reserves in the previous period achieved sales and was recognized as revenue during the reporting period, which led to an increase in gross profit. During the reporting period, relying on global VMware replacement and market opportunities brought about by digitalization and intelligent transformation in various industries, the company's hyperintegrated products grew well, won recognition from customers in more and more industries such as finance, healthcare, energy, and manufacturing, and has formed a certain competitive advantage in the market. According to IDC report data, I am convinced that in the first quarter of 2026, with a market share of 19.2% and 34.7%, Hyper Fusion ranked “double first” in the overall Chinese hyperconvergence market and the full-stack hyperconvergence market, making it the preferred Chinese brand for enterprises worldwide to replace VMware. Furthermore, benefiting from the rapid growth in storage demand brought about by AI, the company's unified storage products continued to focus on high-performance AI scenarios and enhanced solution capability optimization, and the company's storage business revenue grew rapidly.