Zhejiang Huace Film TV Co

Huace Film & TV released its 2026 interim report, with net profit attributable to the parent company of 167 million yuan, up 41.98% from the same period last year, marking a second consecutive year of growth. Total operating revenue was 685 million yuan, down 13.22% year on year. Net cash outflow from operating activities was 210 million yuan. The latest gross margin was 40.80%, up 9.61 percentage points year on year. Diluted earnings per share were 0.09 yuan, up 50.00% year on year.

Several A-share listed companies whose main business is not computing power, including Huace Film & TV, Century Huatong, and Anoky, are entering the computing power sector through different paths, and how to achieve synergy with their main business has become a focus of attention. Huace Film & TV established a wholly-owned subsidiary, Hangzhou Core Computing Metaverse Technology Co., Ltd., to carry out intelligent computing services. As of May 2026, it has formed a computing power scale of 37,000 petaflops, and its computing power business achieved revenue of 126 million yuan in 2025, a year-on-year increase of 602.65 percent, with a gross margin of 36.02 percent. Century Huatong is leveraging its existing data centers to transform into a full industry chain of computing power leasing, computing power operation and maintenance, and cabinet rental, and has invested in building multiple large-scale data centers in the Yangtze River Delta and Pearl River Delta. Anoky entered the computing power market by acquiring Shanghai Gengcong Information Technology Co., Ltd., building a business ecosystem including GPU elastic computing power services, hardware supply, and scheduling platform deployment. All three companies are exploring the integration of computing power with their main businesses. For example, Huace Film & TV uses AI for film and television rendering, Century Huatong provides computing power for game development, and Anoky is building an AI plus physical intelligent manufacturing platform, but the synergy effects still need quantitative data support.