Phancy Group Co., Ltd. reported revenue of RMB1.46 billion for the first quarter ended 31 March 2026, up 35.4% year on year. Gross profit margin reached 35.1%, supported by heightened demand for enterprise artificial-intelligence (AI) deployments and a sharp rise in API Token usage.

API Token calls in the quarter were almost six times higher than in the prior-year period and already exceed full-year 2025 volumes by nearly 40%. To meet this demand, Phancy expanded its deployable computing capacity by more than 200% through its long-standing supply-chain management system.

The Group’s Agentic AI business continued to gain traction, with orders on hand at end-March rising 99% versus end-2025.

Operationally, faster R&D-to-commercialisation cycles, driven by AI-enabled “digital employees,” have improved efficiency and customer satisfaction. ModelHub XC has released over 70,000 AI models optimised for domestic chip environments, surpassing internal targets.

In May, Phancy launched PhanthyMovie, a professional AI video-generation platform, and secured a long-term agreement with Huanxi Media Group worth approximately US$200 million in Token usage. The partnership also includes joint development of an AI film-and-television content production platform.

Phancy’s core products align with China’s recent AI policy priorities. HAMi vGPU enables unified scheduling and granular partitioning of computing resources, while ModelHub XC offers multi-model adaptation, data traceability, and security certification, helping enterprises manage compliance and boost chip utilisation. Together, these offerings form an integrated “computing power-model” solution positioned to capture opportunities in an environment emphasizing domestic chip substitution, data governance, and efficient resource allocation.