Shares of GBA AI COMP (01396) rose close to 6% during the morning trading session.

At the time of writing, the stock was up 5.6% to HK$11.87, with a turnover of HK$4.6673 million.

Key Developments Driving the Movement

The company recently announced that due to explosive growth in demand for AI computing power, it secured new AI computing cloud service letters of intent exceeding RMB 15 billion in total for the first half of 2026.

This corresponds to an AI computing power scale of approximately 35,000 PFLOPS (FP16 dense).

As of June 30, 2026, the group has already delivered and commenced operations on new AI computing cloud service orders worth over RMB 2 billion.

The delivered operational AI computing power from these orders is about 6,000 PFLOPS (FP16 dense), with the company actively constructing and fulfilling the remaining orders.

Financial Outlook and Business Model

Benefiting from the vigorous expansion of its AI business, the group anticipates achieving a net profit of no less than RMB 240 million for the first half of 2026.

The client base for these orders includes telecommunications operators, internet companies, cloud service providers, hard-tech companies, and other customers.

Notably, over 95% of these orders are long-term contracts with a duration of five years.

The company views the signing and execution of these high-value, long-term contracts as a significant breakthrough in the scale of its AI operations.

As a leading AI computing power infrastructure service provider in the domestic market, the group has established and operates a flagship "AI Super Factory" with an AI computing power scale reaching tens of thousands of PFLOPS.