Range Technology H1 Revenue Rises 50% as AI Computing Overtakes IDC

Range Technology reported a 50.05% year-on-year increase in revenue to 3.75 billion yuan for the first half of 2026, powered by strong demand for artificial intelligence compute infrastructure. Net profit climbed 36.43% to 1.20 billion yuan, maintaining six consecutive quarters of sequential revenue growth. Most notably, revenue from AI data center (AIDC) computing services surged 126.24% to 1.995 billion yuan, comprising 53.26% of overall turnover and eclipsing conventional data center cabinet leasing for the first time as the group initiates projects in Indonesia and Hong Kong.

The structural pivot at Range Technology provides tangible financial evidence that high-density AI infrastructure is replacing traditional server colocation as the primary commercial engine for Chinese data center operators. With specialized AI compute now generating the majority of corporate revenue, the firm's trajectory illustrates how infrastructure providers must retool facilities to capture artificial intelligence spending.

Range Technology reported strong financial expansion for the first half of 2026, driven by accelerated adoption of artificial intelligence infrastructure across its domestic network. According to the company's interim financial disclosures, total operating revenue reached 3.746 billion yuan, representing a 50.05% increase compared to the same period in the prior year. Net profit attributable to shareholders rose 36.43% year-on-year to 1.203 billion yuan, while recurring net profit excluding non-operating items advanced 37.34% to 1.206 billion yuan. Net cash flow generated from operating activities expanded 30.78% to reach 2.958 billion yuan. The company noted that revenue and recurring net profit have recorded quarter-over-quarter growth for six consecutive quarters since the beginning of 2025. The interim results mark a fundamental shift in the company's operational profile. Revenue from its AI data center (AIDC) computing business reached 1.995 billion yuan, up 126.24% from the prior-year period. AIDC operations generated 53.26% of total revenue during the six-month period, overtaking traditional internet data center (IDC) cabinet leasing as the firm's primary revenue source. Management described a strategic framework targeting AIDC computing services within mainland China while prioritizing conventional wholesale IDC cabinet infrastructure in international markets. Physical capacity has scaled alongside balance sheet expansion. As of June 30, 2026, total corporate assets reached 47.855 billion yuan, with an overall debt-to-asset ratio of 64.91%. Range Technology has transitioned from operating a single facility in Langfang at the end of 2022 to running four operational campuses spanning Langfang, Pinghu, Foshan, and Huizhou. Additional facilities are scheduled for partial delivery across Langfang, Pinghu, Chongqing, Foshan, Huizhou, and Batam before the end of 2026. Beyond mainland China, the group is establishing an offshore presence through nodes in Hong Kong's Sha Ling and Batam, Indonesia, representing a combined planned capacity of roughly 600 megawatts. Initial capacity at the Batam campus is slated for delivery within 2026, whereas the Hong Kong facility is scheduled to complete delivery in 2028 as the firm seeks to position itself as an international computing provider.