Phancy Group Reports 35.4% Revenue Growth and 6x Surge in API Token Call Volume for Q1 2026
HONG KONG SAR – Phancy Group Co., Ltd. (“Phancy,” stock code: 6682.HK), a prominent player in the artificial intelligence sector, has announced its unaudited consolidated financial results for the first quarter ending March 31, 2026. The company reported a revenue of approximately RMB 1.458 billion, reflecting a significant year-on-year increase of 35.4%. The gross profit margin remained stable at 35.1%, indicating robust operational efficiency amid rising demand for AI solutions.
Accelerated Growth in Core Business Segments
Phancy’s growth trajectory can be attributed to its strategic focus on full-stack AI cloud services, which has positioned the company to leverage the increasing adoption of localized computing power. The demand for AI solutions among enterprises has surged, prompting Phancy to enhance its core business operations and accelerate product innovation. The company has also secured several key partnerships, which have contributed to its operational momentum.
In the first quarter of 2026, the volume of API Token calls skyrocketed nearly sixfold compared to the same period in 2025, accounting for almost 40% of the total volume for the entire year of 2025. This surge underscores the growing reliance on API-based services and the increasing demand for Phancy’s offerings. Additionally, the Agentic AI business has expanded rapidly, with orders on hand nearly doubling since the end of 2025, emerging as a significant growth driver.
Advancements in AI Technology and Commercialization
Phancy has made notable strides in its technology offerings, particularly in digital employee applications and AI empowerment across various business units. The company has successfully shortened the product development cycle from research and development to commercialization, thereby enhancing operational efficiency and customer satisfaction.
As of mid-May 2026, Phancy’s ModelHub XC has 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, the company launched PhanthyMovie, a professional-grade AI video generation platform aimed at improving creativity and stability in video production. This platform facilitates standardized and large-scale content creation, which is crucial for the evolving media landscape.
PhanthyMovie has quickly gained commercial traction, leading to a strategic cooperation agreement with Huanxi Media, valued at approximately US$200 million in AI Token usage. This collaboration will focus on developing a next-generation AI-powered film and television content production platform, further solidifying Phancy’s position in the AI-driven cultural and creative sector.
Alignment with Policy Trends and Enhanced Integration
Since May 2026, the Chinese AI sector has experienced a series of favorable policy developments aimed at enhancing computing infrastructure, data element circulation, and open-source compliance governance. Phancy’s core products, including HAMi vGPU and ModelHub XC, align closely with these national policy directions and industry trends.
Policies emphasize cross-regional collaboration and broader access to computing power. Phancy’s HAMi vGPU offers unified scheduling and fine-grained resource partitioning, which improves utilization rates and optimizes data center energy efficiency. This capability supports unified management across multiple chips, enhancing overall efficiency.
In the realm of data and model governance, the government continues to advocate for high-quality dataset development and compliance management. ModelHub XC supports multi-model adaptation and optimization, incorporating features for data traceability and security certification. This functionality helps enterprises mitigate compliance risks while enhancing Token output efficiency through targeted model tuning.
Phancy’s deep integration of computing and model layers has resulted in a comprehensive “Compute–Model” integrated solution. This addresses key industry needs, such as efficient computing utilization, secure data supply, enterprise compliance, and domestic substitution, thereby strengthening its technological advantage. The company is well-positioned to capitalize on policy dividends and industry opportunities, aiding enterprises in their digital and intelligent transformation.
Phancy Group (6682.HK) is recognized as a leading full-stack AI cloud services platform, providing comprehensive solutions tailored for the AI 2.0 era. Its offerings, including SageAIOS, HAMi vGPU, and ModelHub XC, deliver efficient and scalable AI infrastructure with end-to-end capabilities. These solutions empower digital transformation across various industries, aligning with the company’s vision of establishing a large-scale and efficient “Token Factory.”
Guided by its mission of “AI for Everyone,” Phancy Group aims to become a global leader in Artificial General Intelligence.
Source: www.zawya.com
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