On July 31, PHANCY rose 5.43% in regular trading, trading at HK$28.82/share, with turnover of HK$51.99 million.

On the news front, PHANCY recently signed a long-term strategic cooperation agreement with Shanghai Pudong Development Bank. SPD Bank will provide the company with RMB 3 billion in intentional financing support, earmarked for AI computing infrastructure construction and core technology iteration. The funding will be channeled into heterogeneous chip clusters, foundational computing architecture development, and other critical areas, providing financial backing for flagship products such as HAMi and ModelHub, as well as frontier businesses including API services and Agentic AI.

The financing deal comes on the heels of the company's positive profit alert issued earlier this month, which projected H1 revenue of RMB 3.2 billion to 4 billion, representing 22%-52% year-over-year growth, and a profit turnaround of RMB 90 million to 130 million versus a loss in the prior-year period. CICC previously maintained an outperform rating with a target price of HK$40.

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