AI storage demand surges, Demingli's net profit in the first half is expected to be 5.7-6.5 billion yuan, compared to a loss of 118 million yuan in the same period last year | Financial report news

AI infrastructure construction continues to heat up, and the storage industry chain is entering a highly prosperous cycle.

Demingli announced its 2026 half-year results forecast on July 14, expecting to achieve operating revenue of 16 billion to 18 billion yuan in the first half of the year, an increase of 289% to 338% year-on-year. Net profit attributable to shareholders of the listed company is expected to be 5.7 billion to 6.5 billion yuan, compared with a loss of about 118 million yuan in the same period last year, marking a significant turnaround.

The company stated that the growth in performance is mainly driven by the accelerated implementation of AI applications, leading to increased storage demand and rising prices of storage products. Meanwhile, thanks to long-term and stable cooperation with mainstream wafer manufacturers, the company ensures product supply in a tight market environment, promoting simultaneous improvements in revenue and profitability.

At the same time, Demingli continues to advance the upgrading of its product structure. During the reporting period, it launched its self-developed PCIe/SATA dual-mode enterprise SSD controller chip and intensified its layout of high value-added storage products to seek new growth drivers for the future.

Rapid expansion of revenue scale, storage cycle releasing dividends

From the perspective of revenue scale, Demingli expects its first-half revenue to reach 16 billion to 18 billion yuan, compared to only about 4.109 billion yuan in the same period last year, achieving nearly fourfold growth year-on-year.

The company said that during the reporting period, the inference side of large AI models continued to expand, and data centers rapidly increased their demand for high-performance storage products. At the same time, the expansion cycle for NAND Flash wafer supply is relatively long, and the tightening of supply and demand has pushed up storage product prices.

With the dual boost of growing demand and rising prices, the storage industry cycle has clearly improved. Demingli, relying on its stable supply chain system and product layout, has benefited from this round of cycle warming, achieving rapid growth in revenue scale.

Net profit turns around significantly, core profitability improves sharply

Profit performance is even more prominent. Demingli expects its first-half net profit attributable to shareholders to reach 5.7 billion to 6.5 billion yuan, compared to a loss of 118 million yuan in the same period last year, an increase of 4932% to 5611% year-on-year. Notably, the net profit excluding non-recurring gains and losses is estimated at 5.649 billion to 6.449 billion yuan, which is close to the net profit attributable to shareholders.

The announcement shows that the company's non-recurring gains and losses in the first half of the year are expected to be about 50.98 million yuan, greater than last year, but the proportion of overall profit is low. The sharp increase in profit excluding non-recurring items indicates that the performance improvement mainly comes from the enhanced profitability of the core business, rather than relying on non-recurring income.

The company expects its basic earnings per share in the first half of the year to be 25.35 yuan to 28.91 yuan, compared to a loss of 0.53 yuan per share in the same period last year.

Breakthrough in self-developed controller chips, product structure upgraded towards higher value

Beyond performance growth, Demingli is also advancing its technological capabilities. In the announcement, the company mentioned that it successfully launched its self-developed PCIe/SATA dual-mode enterprise SSD controller chip during the reporting period. As the core component of SSD products, controller chips directly affect performance, cost, and product differentiation capability.

Demingli's launch of self-developed solutions means the company is extending from storage module manufacturing to possessing core chip design capabilities. Additionally, the company continues to expand into application scenarios such as network security and industrial control. Multiple QLC solution embedded storage products have entered mass production, further upgrading the product structure towards higher added value.

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