Inspur Electronic Info Industr

Inspur Information, a leading domestic server maker, announced on the evening of September 11 that it plans to issue no more than 96 million shares to specific investors, raising total proceeds of up to 9 billion yuan, mainly for AI infrastructure, liquid-cooled computing power, integrated storage and computing research and development, high-density computing equipment upgrades, and replenishing working capital. After deducting issuance expenses, the proceeds will be used for five major projects: the next-generation AI infrastructure R&D and industrialization project with a total investment of 3.458 billion yuan, of which 2.6 billion yuan will come from the raised funds; the liquid-cooling-native computing infrastructure R&D and industrialization project with a total investment of 1.811 billion yuan, of which 1.4 billion yuan will come from the raised funds; the key technology R&D project for multi-agent collaborative storage-computing integrated computing infrastructure with a total investment of 2.059 billion yuan, of which 1.4 billion yuan will come from the raised funds; the high-density computing equipment intelligent manufacturing and delivery capability upgrade project with a total investment of 1.005 billion yuan, of which 900 million yuan will come from the raised funds; and another 2.7 billion yuan from the raised funds to replenish working capital. The company said that if the actual net proceeds are less than the total planned investment, the board of directors will adjust the investment order according to project priority and cover any shortfall through self-raised funds. Inspur Information stated that this fundraising and investment aims to seize market opportunities in intelligent agents and liquid cooling. According to IDC data, the number of active agents worldwide was 28.6 million in 2025 and is expected to reach 2.216 billion by 2030; according to a CCID Consulting report, China's liquid-cooled data center market reached 15.98 billion yuan in 2025, up 45.2 percent year on year, and is expected to reach 47.04 billion yuan by 2028.

Yuanyuan Landscape, stock code 605303, is planning to acquire a controlling stake in Hangzhou Hualan Microelectronics by issuing shares and paying cash, which is expected to constitute a major asset restructuring, and trading in the company's shares has been halted. CATL repurchased 604,300 A-shares of the company for the first time, with a transaction value of about 200 million yuan. Inspur Information plans to raise no more than 9 billion yuan through a private placement to invest in AI infrastructure and other projects. Sungrow Power Supply has raised prices of photovoltaic inverters, energy storage converters, and energy storage systems by 5 to 15 percent, while Sanan Optoelectronics has raised prices for some LED chips, RF chips, power electronics chips, and optical technology chips. Zhongjuxin's investee company plans to invest 1.1 billion yuan to build a high-purity quartz materials project. Longban Media has completed its trading halt review and will resume trading on September 14.

Inspur Information released its 2026 interim report, with total operating revenue of 84.379 billion yuan, up 5.22% year-on-year, and net profit attributable to the parent of 2.952 billion yuan, surging 269.59% year-on-year. The company's gross margin was 8.75%, up 4.20 percentage points from the same period last year, with ROE at 12.03% and earnings per share of 2.01 yuan. Net cash flow from operating activities was negative 7.493 billion yuan, and the asset-liability ratio was 77.20%.

Unisplendour opened sharply higher and hit its daily limit-up in early trading on August 5, then saw the board break open, but by midday the stock was locked at limit-up again. The company expects attributable net profit for the first half of 2026 to be between 1.91 billion and 2.32 billion yuan, representing year-on-year growth of 83.50 percent to 122.89 percent, with recurring net profit of 1.61 billion to 2.02 billion yuan, up 44.02 percent to 80.69 percent. The domestic computing power supply chain strengthened broadly on the day, with stocks such as Unisplendour, Ruijie Networks, Feilingkesi, Inspur Information, and Yutai Micro surging intraday. In terms of news flow, a research note from China Galaxy Securities pointed out that Kimi K3 has achieved Day 0 rapid adaptation with multiple domestic computing platforms, driving demand for domestic super-nodes and in turn boosting supporting demand across supply chain segments including servers, switches, optical modules, liquid cooling, and power supplies.

The Cyberspace Administration of China, together with four regional cyberspace administrations and five leading large-model enterprises, has launched a one-year special initiative to enhance IPv6 capabilities for AI large models, promoting full IPv6 support for generative AI applications. Industry estimates show that the domestic IPv6-related industry exceeded 80 billion yuan in 2025. The market for equipment room hardware upgrades and supporting solutions driven by the migration of government, enterprise, IDC, and computing centers to IPv6 single-stack exceeds 300 billion yuan, with deployment spanning 2026 to 2030. Among the 31 A-share IPv6 concept stocks, ZTE, Inspur Information, and Unisplendour all have market capitalizations exceeding 100 billion yuan. Institutions forecast that Inspur Information, Unisplendour, and FiberHome Technologies will all see net profit growth exceeding 30 percent this year and next. As of July 28, leveraged funds had net bought 643 million yuan of Unisplendour, 196 million yuan of Inspur Information, and 60 million yuan of Star-Net Ruijie.

On the morning of July 22, the supernode concept heated up, with many stocks soaring. Gongjin shares hit the daily limit for consecutive days, achieving three boards in four days; Unisplendour secured two consecutive daily limits. Huaqin Technology hit the daily limit, and Ruijie Networks surged over 15%. Driven by associated benefits, many liquid-cooled server stocks performed brilliantly, with Shenglan and Tongfei rising over 10%, and Inspur Information climbing nearly 7%. At the just-concluded 2026 WAIC, major manufacturers launched supernode products one after another, making supernodes one of the most focused product directions. Huatai Securities' latest research suggests that supernodes are expected to become an important product form for domestic intelligent computing infrastructure, driving increased demand for high-speed interconnects and cabinet-level accessories.

Inspur Information hit limit-up again on July 9, closing at 85.99 yuan, with a total market value of 126.3 billion yuan and turnover of 17.7 billion yuan, ranking second among A-shares. The company previously disclosed its first-half earnings forecast, estimating net profit attributable to shareholders of the listed company at 2.6 billion to 3.1 billion yuan, a year-on-year increase of 226% to 288%, mainly driven by industry upturn opportunities and product technology innovation. As of June 18, 2026, the company had a total of 330,000 shareholders.