Phancy Group Reports 35.4% Revenue Growth and 6-Fold Surge in API Token Call Volume in Q1 2026
HONG KONG SAR – Phancy Group Co., Ltd. (stock code: 6682.HK), a prominent player in the artificial intelligence sector, has announced its unaudited consolidated results for the first quarter ending March 31, 2026. The company reported revenue of approximately RMB 1.458 billion, marking a significant year-on-year increase of 35.4%. The gross profit margin remained stable at 35.1%. This growth reflects Phancy’s strategic focus on full-stack AI cloud services, capitalizing on the rising demand for localized computing power and AI solutions among enterprises.
Unified Enterprise AI Platform Drives Explosive Core Business Growth
The global landscape for computing resources remains constrained, yet the demand for private enterprise AI deployments and API-based model calls is experiencing rapid growth. Phancy’s enterprise-grade AI platform, built on a unified core architecture, effectively supports both API calling scenarios and dedicated private deployments. This dual capability enhances the efficiency of AI applications and optimizes resource utilization.
Phancy’s mature computing power supply chain has enabled the company to increase its deployable computing resources by over 200%. This expansion allows Phancy to meet the surging demand for API Tokens, ensuring the delivery of stable and high-quality AI services to its clientele. The first quarter of 2026 saw API Token call volume increase nearly sixfold compared to the same period in 2025, accounting for almost 40% of the total for the entire year of 2025. Additionally, the Agentic AI business has witnessed substantial growth, with orders on hand nearly doubling compared to the end of 2025, emerging as a key growth driver.
AI Technology Iteration Accelerates, Commercialization Beats Expectations
Phancy’s commitment to digital employee applications and AI empowerment across various business units has led to a significant reduction in the product development cycle, enhancing operational efficiency and customer satisfaction. By mid-May 2026, ModelHub XC had successfully adapted and optimized over 70,000 AI models on domestic chips, achieving more than 70% of its full-year target ahead of schedule.
In May, Phancy introduced PhanthyMovie, a professional-grade AI video generation platform. This innovative tool aims to enhance creativity, control, and stability in video production, facilitating standardized and large-scale content creation within the industry. Following its launch, PhanthyMovie quickly gained traction, culminating in a strategic cooperation agreement with Huanxi Media, valued at approximately US$200 million in AI Token usage. This collaboration aims to develop a next-generation AI-powered film and television content production platform, further solidifying Phancy’s position in the AI-driven cultural and creative sector.
Core Products Align Closely with Policy Trends, Strengthening Compute-Model Integration
Since May 2026, the AI sector in China has witnessed a series of favorable policy developments aimed at enhancing computing infrastructure, facilitating data element circulation, and promoting open-source compliance governance. Phancy’s core products, including HAMi vGPU and ModelHub XC, align well with these national policy directions and prevailing industry trends.
Recent policies emphasize cross-regional collaboration and broader access to computing power. Phancy’s HAMi vGPU provides unified scheduling and fine-grained resource partitioning, improving utilization rates and optimizing energy efficiency in data centers. This approach supports unified management across multiple chips, enhancing single-card efficiency.
In the realm of data and model governance, the government continues to advocate for the development of high-quality datasets and compliance management. ModelHub XC supports multi-model adaptation and optimization, integrating data traceability and security certification features to mitigate compliance risks. Utilizing the EngineX engine for batch adaptation of domestic chips and models, Phancy significantly enhances compatibility while improving Token output efficiency through targeted model tuning.
Through the deep integration of its computing and model layers, Phancy has established a comprehensive “Compute–Model” integrated solution. This addresses critical industry needs, including efficient computing utilization, secure data supply, enterprise compliance, and domestic substitution, while reinforcing its technological advantage. The company is well-positioned to capitalize on policy benefits and industry opportunities, aiding enterprises in their digital and intelligent transformation.
Source: www.zawya.com
About Phancy Group
Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, dedicated to providing comprehensive solutions for the AI 2.0 era. Its offerings include SageAIOS, HAMi vGPU, and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. The company provides complete solutions from heterogeneous compute resource management and optimization to the deployment of intelligent agent models, empowering digital transformation across various industries. Phancy Group is committed to becoming a global leader in Artificial General Intelligence, guided by the mission of “AI for Everyone.”
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Published on 2026-05-22 20:15:00 • By the Editorial Desk
