Manycore Technologies Ltd. posted strong first-half 2026 results, with AI-related product revenue rising 117% year-over-year to RMB 31 million, while adjusted net profit more than doubled to RMB 5.2 million. The company’s shares advanced 6.97% to $9.05 in early trading on Thursday.
The AI Design Factory contributed RMB 11 million in revenue for the period, up from RMB 6.8 million a year earlier, while other AI products generated RMB 20 million. Gross margin improved to 83%, about one percentage point higher than the prior-year period. Capital expenditure surged 120% to RMB 27.6 million, driven by expanded GPU and computing infrastructure investments.
Victor Huang, co-founder and chairman, emphasized the company’s strategic focus on spatial intelligence, stating the firm is fully committed to developing proprietary world models. He noted that initial applications are empowering designers across industries, with future integration expected into robots and equipment to scale volume significantly. Huang added that the goal is to equip AI with physical-world understanding, addressing gaps left by large language models.
Shen Bei, chief financial officer, highlighted the company’s mission to make every space computable, positioning physical AI as the next global wave in artificial intelligence. Operational metrics reflected rapid growth, with LuxReal monthly registered users up more than 240% and Kujiale AI platform monthly active users increasing 50% since December 2025. Lux 3D token consumption reached about 2.4 billion tokens daily by mid-July 2026, while daily AI-native product revenue ranged between RMB 10,000 and RMB 20,000.
Manycore also reported RMB 6.8 million in SpatialVerse order value for the first half. The company expects to provide more detailed monthly recurring revenue metrics for AI-native products by year-end 2026.
