Phancy Group Announces Strong 2026 First Quarter Results
Phancy Group reported a 35.4% year-on-year revenue increase to RMB1.458 billion in Q1 2026, driven by surging API token call volume (up nearly 6x) and expanded enterprise AI deployments. The company also accelerated commercialization of AI products like ModelHub XC and launched PhanthyMovie, securing a $200 million partnership with Huanxi Media for AI-driven content creation.
Phancy Group Co., Ltd., a leading AI company listed on Hong Kong’s stock exchange (stock code: 6682.HK), reported unaudited Q1 2026 revenue of RMB1.458 billion, a 35.4% year-on-year rise. Gross profit margin held steady at 35.1%, reflecting strong demand for its full-stack AI cloud services, particularly in localized computing and enterprise solutions. API token call volume surged nearly sixfold compared to Q1 2025, accounting for nearly 40% of the company’s full-year 2025 total. Agentic AI orders grew nearly 100% year-end to year-end, emerging as a key growth driver. Phancy’s unified enterprise AI platform supports both API-based and private deployments, optimizing resource efficiency amid global computing constraints. The company’s ModelHub XC platform has adapted over 70,000 AI models for domestic chips, exceeding its full-year target by May 2026. Phancy also launched PhanthyMovie, an AI video generation platform, which quickly secured a $200 million strategic partnership with Huanxi Media for AI-powered film and television production. Phancy’s core products, including HAMi vGPU and ModelHub XC, align with China’s recent AI policies on computing infrastructure and data governance. The company’s computing resources expanded over 200% year-on-year, supporting stable AI service delivery. Rapid commercialization of AI solutions has positioned Phancy as a leader in enterprise AI adoption and digital transformation.
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