Xunce forecasts 389% revenue surge, swings to RMB72.5M profit

Shenzhen Xunce Technology forecast interim revenue of RMB967 million, up 388.76% year on year, driven by enterprise AI demand and token business growth.

The Hong Kong-listed big data services provider, dubbed the "Chinese version of Palantir," issued a positive profit alert for the six months ended June 30, 2026, according to an exchange filing. The company expects to swing to a net profit of approximately RMB72.51 million, compared with a loss of RMB89.43 million in the same period last year.

Adjusted net profit is projected at roughly RMB67 million, versus an adjusted net loss of approximately RMB105 million a year earlier. Management attributed the surge to strong demand for enterprise AI deployment, the build-out of real-time data infrastructure, expansion into new industry verticals, the scaling of its token-driven business model and rising overseas contribution.

The improvement reflects a higher share of high-margin business, economies of scale from its platform-based modular product architecture, tighter cost control and better working capital management, the company said. Shares rose 5.83 percent on the announcement, giving the company a market capitalization of HK$27.76 billion. Average daily trading volume stands at 3.38 million shares, with short selling at HK$816,490, or 0.205 percent of turnover.

Xunce, a PRC-incorporated technology company listed in Hong Kong, provides full-chain integrated products and services spanning computing power, data, tokens, models and applications. The company has been expanding through strategic AI data tokenization alliances, including recent partnerships with Shenzhen Kaihong and Hongtai Capital, as it seeks to replicate its platform across industries and geographies.

The token-driven business model, which monetizes data through tokenization, has emerged as a key growth engine alongside traditional AI data infrastructure services. The company's expansion into new industry verticals and overseas markets has broadened its revenue base beyond its core domestic enterprise customer segment.

The profit alert strengthens Xunce's standing in China's competitive AI data services market as the company prepares to release detailed interim results in August. Investors will watch whether the company can sustain the growth trajectory as it pursues cross-industry replication and international expansion, with the full interim report expected to provide segment-level detail on the drivers behind the 388.76 percent revenue jump.

This article is for informational purposes only and does not constitute investment advice.