GRG Banking Equipment Co Ltd

GRG Banking announced on August 27 that it plans to distribute a cash dividend of 1 yuan per 10 shares, including tax, to all shareholders, with an estimated total payout of 248 million yuan. In the first half of 2026, the company achieved revenue of 5.124 billion yuan and net profit attributable to the parent of 423 million yuan.

GRG Banking has recently been the subject of intensive institutional research, with investors highly focused on the earnings quality and commercialization progress of its domestic computing server business and embodied intelligence operations. Its controlled subsidiary GRG Wuzhou achieved operating revenue of 1.791 billion yuan in 2025, with a compound annual growth rate exceeding 40 percent over the past three years, and net profit of approximately 28.66 million yuan, up 72.61 percent year on year, making it a key growth driver for the parent company. Institutions pressed for details on the path to improving gross margins in the computing business, and the company indicated it is optimizing the sales mix of lower-end models while emphasizing high-value-added AI computing servers and integrated software and hardware solutions for the information technology application innovation sector. It also disclosed that GRG Wuzhou, as a dual-engine partner of Huawei's Kunpeng and Ascend platforms, has jointly developed an all-in-one computing appliance with Baidu's Kunlun chip unit and built an ecosystem innovation center with Muxi. On the embodied intelligence front, the company's G100 branch AI robot has entered pilot programs at outlets of institutions such as Agricultural Bank of China, but has yet to generate revenue, and commercialization results still need time to prove. In addition, GRG Information Technology won the second phase of Guangzhou's digital government single cloud project worth 309 million yuan, which, combined with the earlier first phase of 575 million yuan and the two phases of the AI computing center totaling 840 million yuan, continues to cement the company's position in computing infrastructure across the Greater Bay Area.

The A-share Huawei computing power concept sector strengthened in the afternoon on July 8, with GRG Banking, Ronglian Technology, and EmbedWay Technologies among the stocks hitting their daily limit. The direct catalyst was the upcoming debut of the actual Huawei Atlas 950 Super Node at the 2026 World Artificial Intelligence Conference. The Atlas 950 is currently the industry's largest commercially available super node, designed specifically for trillion-parameter large models. A single cabinet starts with 64 NPU cards and can scale up to a maximum of 8,192 cards. Huawei's rotating chairman, Xu Zhijun, stated that this super node will maintain the world's strongest computing power for many years to come. Compared with Nvidia's NVL144, its card scale is 56.8 times larger, total computing power is 6.7 times higher, memory capacity is 15 times greater at 1,152 terabytes, and interconnect bandwidth is 62 times higher at 16.3 petabytes per second. It also leads Nvidia's NVL576, which is planned for launch in 2027. Dongxing Securities believes that with the large-scale deployment of the Atlas 950, the cost of inference and training for domestic AI models is expected to decrease. Guolian Minsheng Securities emphasized the strategic opportunity of the coordinated development of domestic computing power and independent large models.

GRG Banking recently disclosed during an investor relations event that the company has achieved multiple breakthroughs in key technologies including robot body design, embodied AI large and small brain systems, and motion control. Leveraging its extensive financial scenario resources, the company has completed the development of two products: the G100 branch AI robot and the G200 humanoid robot. The G100 branch AI robot has entered pilot application in bank branches but has not yet generated revenue. In addition, the company jointly launched the Wangdao DeepSeek large model all-in-one machine with Huawei Ascend, and its AI products have been deployed in major projects such as the National AI Application Pilot Base and the Guangzhou Intelligent Computing Operation Service Platform. In the first quarter of 2026, GRG Banking achieved revenue of 2.212 billion yuan and net profit attributable to the parent company of 226 million yuan.