Artificial Intelligence2
Yangguang Co. posts H1 revenue of 120 million yuan, enters intelligent computing business for first time
Yangguang Co. disclosed its 2026 interim report on the evening of August 26. It achieved operating revenue of 120 million yuan in the first half, with net profit attributable to the parent company at minus 51.93 million yuan. The intelligent computing business was included in the interim report for the first time, generating revenue of 930,000 yuan during the period and still in an early start-up stage. Against the backdrop of deep adjustment in the commercial property industry, the overall occupancy rate of the company's projects rose by 1.6 percentage points year on year, and the rent collection rate remained above 99 percent. However, overall revenue came under pressure due to the downturn in the office leasing market and the disposal of low-efficiency properties. A controlling subsidiary of the company plans to invest no more than 980 million yuan to build the Yangguang Computing Power Factory intelligent computing centre project in Xingning, Meizhou, Guangdong, which is expected to be operational by October 2027. The company's net cash flow from operating activities was minus 82.5 million yuan, and net cash flow from investing activities was minus 75.62 million yuan, mainly related to hardware procurement for the intelligent computing business. The interim report cautioned that the intelligent computing business carries cross-sector operational risks.