Kehua's profit surge and AI data-center deals drive the stock
H1 profit jumps 62.69%, Q2 beats forecast Kehua's first-half 2026 net profit rose 62.69% to 396 million yuan, with second-quarter profit of 318 million yuan beating the company's own forecast range. Strong earnings and positive operating cash flow give investors concrete proof the business is growing, supporting the share price.
This is the single biggest new fundamental catalyst for the stock this period.
Two AI computing partnerships expand product reach Kehua signed deals with Haide Intelligent Computing for a high-altitude AI data center and with Epoch Intelligent to pair its RISC-V AI chips with Kehua's cooling and power gear. These open new markets and validate its liquid-cooling technology, supporting future revenue growth.
New strategic partnerships directly tied to Kehua's core AI infrastructure business.
Fundraising project adds liquid-cooled CDU products Kehua plans to adjust its manufacturing base fundraising project to add liquid-cooled CDU and supporting products for AI computing centers. This expands its product lineup into a fast-growing niche, though the change still needs shareholder approval, so the benefit is not yet certain.
Shows the company is repositioning capacity toward higher-growth AI cooling products.
US FCC inverter ban hits sector, Kehua recovers The US FCC restricted new Chinese inverter models, but existing products are unaffected. Kehua shares dipped then turned positive while rival Sungrow fell sharply. The rule mainly threatens future US sales, so the near-term impact on Kehua is limited but adds regulatory uncertainty.
A real counterweight: regulatory risk to overseas inverter sales, though Kehua weathered it better than peers.