Yeebo Reports 13.7% Revenue Growth to HK$1.18 Billion, AI Business Revenue Soars Nearly 2.8 Times
HONG KONG SAR – Yeebo (International Holdings) Limited, listed under stock code 00259.HK, has announced its annual results for the fiscal year ending March 31, 2026. The Group reported a consolidated revenue of approximately HK$1,181.0 million, marking a year-on-year increase of 13.7%. This growth is attributed to the diverse product offerings in its portfolio, which includes Liquid Crystal Displays (LCDs), Liquid Crystal Display modules (LCMs), Thin Film Transistor modules (TFTs), and Capacitive Touch Panel modules (CTPs), collectively referred to as the Display Business. Furthermore, the Group’s artificial intelligence (AI) products and computing services have emerged as significant contributors to its revenue stream.
Display Business Performance
During the fiscal year, the Display Business generated revenue of HK$1,021.7 million, reflecting a modest increase of 2.6%. The growing significance of CTPs within the Group’s total revenue underscores its successful transition into higher value-added product segments. This strategic shift is indicative of Yeebo’s commitment to enhancing its product offerings and market presence.
Surge in AI Business Revenue
The AI Business experienced remarkable growth, with revenue soaring nearly 2.8 times to HK$159.3 million. This substantial increase highlights the Group’s successful initiatives in developing its AI segment, which is expected to become a crucial driver for long-term revenue and profitability. The rapid expansion of this segment is seen as a testament to Yeebo’s early investments and strategic focus on AI technologies.
Financial Overview
For the year ending March 31, 2026, the Group achieved a gross profit of HK$125.9 million, although the gross profit margin decreased slightly to 10.7%. This decline is primarily attributed to the high fixed costs associated with the AI Business. Profit attributable to the owners of the Company surged to approximately HK$1,950.6 million, despite a decrease of HK$838.1 million compared to the previous year, largely due to a non-recurring gain from the disposal of interests in Nantong Jianghai Capacitor Company Ltd. Basic earnings per share were reported at HK212.7 cents. The Board has proposed a final dividend of HK5.0 cents per share for the fiscal year.
Strategic Focus and Future Outlook
Mr. Fang Yan Tak, Douglas, Chairman of Yeebo, commented on the annual results, emphasizing the challenging global business environment marked by geopolitical tensions and macroeconomic uncertainties. Yeebo remains committed to prudent execution and long-term value creation. The Group has made significant progress in both its core display business and its AI initiatives. Investments in AI computing and related businesses have yielded notable results, particularly in establishing a comprehensive domestic AI compute service platform in Mainland China.
Yeebo’s Display Business has made meaningful strides in broadening its product offerings, securing mass production orders across various application segments, including commercial coffee machines, automotive, household appliances, and agricultural machinery. This diversification is expected to lay a solid foundation for future growth.
Advancements in AI Compute
Yeebo operates its AI compute and related businesses through its wholly owned subsidiary, Suanova Technology Limited. The Group has positioned itself as a key player in China’s AI industry value chain, increasing investments in early-stage AI companies such as MetaX Integrated Circuits, Shanghai Biren Technology, and Shanghai Xizhi Technology, which have generated favorable returns.
The Group has expanded its domestic graphics processing unit (GPU) clusters to five, maintaining utilization rates above 90%. These resources support a range of AI for Science (AI4S) applications and foundation model training. The Group’s capabilities in multi-network architecture compatibility and application deployment have matured significantly, enabling it to engage in the integration and delivery of private cloud GPU clusters.
Collaborations and Ecosystem Development
The Group has established a robust base of core users for its domestic GPU clusters through collaborations with leading universities and research institutions. This strategic engagement has expanded the usage of GPU clusters to foundation models and industry-specific applications. The Group has also completed its first single domestic GPU cluster training task at a thousand-card scale, reinforcing its industry leadership.
Yeebo recognizes the long-term strategic importance of domestic compute capabilities and is actively building an integrated ecosystem through equity investments and collaborative research and development. By enhancing compatibility with domestic hardware and software partners, the Group aims to optimize its computing capabilities and scheduling.
Conclusion
Yeebo remains focused on refining its product portfolio and optimizing customer structures to maintain its market position in the display sector. The Group is committed to strengthening its strategic deployment in AI computing and supporting Suanova in unlocking its technological potential. As AI applications continue to evolve, Yeebo is poised to capture emerging opportunities in the AI computing market.
For further details, visit the original reporting source: Zawya.
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Published on 2026-07-01 04:48:00 • By the Editorial Desk
