Xingyun Keji forecasts nine-month net profit of 240-290 million yuan, up from a loss
In short
Xingyun Keji (行云科技, 300209.SZ) said it expects net profit attributable to shareholders of 240 million to 290 million yuan for the first three quarters of 2026, turning from a loss a year earlier. The company attributed the change to strong demand for AI computing infrastructure and what it called explosive growth in its computing business, especially server sales.
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Xingyun Keji (行云科技, 300209.SZ) said in an announcement that it expects net profit attributable to shareholders of the listed company of 240 million to 290 million yuan for the first three quarters of 2026, turning from a loss in the same period a year earlier. [ 1 , 2 ]
Yicai also reported the forecast range of 240 million to 290 million yuan in net profit for the first three quarters and the turnaround from a loss. [ 3 ]
The company said the change mainly reflected strong demand in the AI computing infrastructure market and what it described as explosive growth in its computing business, especially server sales, which lifted the company as a whole back to profit. [ 1 , 2 ]
According to CLS, the company also said that leading customers referred to as V, VB and VC recognised its delivery capability and, based on computing market conditions and service quality, agreed through negotiation to raise rental prices on existing signed orders, adding to gross margin. Server clusters first delivered and deployed for those three customers began rental in August, when the company started recognising rental revenue, and the scale of its computing leasing business kept rising, the company said. [ 1 ]
CLS calculated that third-quarter net profit would be 228 million to 278 million yuan, compared with 34 million yuan in the second quarter, a quarter-on-quarter rise of 569% to 716%. [ 1 ]
Why it matters
The forecast ties the company's return to profit to demand for AI computing infrastructure, according to its announcement. Two business outlets and one tech outlet reported the figures on October 8.
Key facts
- Xingyun Keji forecast net profit of 240 million to 290 million yuan for the first three quarters. [ 1 , 2 , 3 ]
- The forecast period is the first three quarters of 2026, and the profit figure is net profit attributable to shareholders of the listed company. [ 1 , 2 ]
- The company said the result is a turnaround from a loss in the same period a year earlier. [ 1 , 2 , 3 ]
- The company attributed the change to strong demand in the AI computing infrastructure market and growth in its computing business, especially server sales. [ 1 , 2 ]
- Leading customers referred to as V, VB and VC agreed to raise rental prices on existing signed orders, the company said. [ 1 ]
- Server clusters first delivered to those three customers began rental in August, when rental revenue started to be recognised, the company said. [ 1 ]
- CLS calculated third-quarter net profit at 228 million to 278 million yuan, against 34 million yuan in the second quarter, a quarter-on-quarter rise of 569% to 716%. [ 1 ]
Confirmed by several sources
- Xingyun Keji expects net profit of 240 million to 290 million yuan for the first three quarters, turning from a loss year on year. [ 1 , 2 , 3 ]
- The company attributed the turnaround to strong demand for AI computing infrastructure and growth in its computing business, especially server sales. [ 1 , 2 ]
Still unclear
- Third-quarter net profit of 228 million to 278 million yuan and quarter-on-quarter growth of 569% to 716%. These figures are CLS's own calculation from the forecast and are reported only by CLS.
- Who the customers referred to as V, VB and VC are. The announcement as reported by CLS does not name them.
- How much the rental price increases added. CLS reports that prices were raised on existing orders but gives no amounts.