When facing thousands of listed company announcements every day, which ones should you read? What are the key points to take away from the dozens or hundreds of pages of material announcements? Are the many professional terms in the announcements bullish or bearish? Check out Caixin's "Quick Read Announcement" column, where our reporters across the country will provide you with accurate, fast and professional interpretations on the night of the announcement.

On the evening of July 10, Cailian News reported (Reporter-Fu Jing) that Inspur Information (000977.SZ) released its semi-annual performance forecast today, benefiting from the gradual improvement of server industry market demand, and the company expects its net profit attributable to shareholders of the parent company in the first half of this year to increase by up to 107.48% YoY, with a revenue growth rate of over 60% YoY.

According to the announcement, Inspur Information's net profit attributable to shareholders of the parent company in the first half of this year is expected to be RMB 0.55 billion to 0.65 billion, an increase of 75.56%-107.48% YoY. The company stated that the gradual improvement of demand in the server industry market in the first half of this year, the company seized the opportunities for industry growth, improved its product line layout, vigorously expanded domestic and foreign customers, and achieved rapid business growth. According to preliminary calculations by the financial department, revenue increased by more than 60% YoY in the first half of the year.

As reported by Cailian Press journalists earlier, due to factors such as global GPU and related special chip supply shortages, Inspur Information's performance was under pressure last year until the Q3 performance improved QoQ. In the first quarter of this year, Inspur Information's revenue and net profit increased by 85.32% and 64.39% YoY, respectively, and revenue and net profit levels are basically on par with the first quarter of 2022. The company's first quarter report showed, "Customer demand has increased, and server sales have increased."

The company's 2023 report also shows that the development of AI has shifted from perceptual intelligence to generative intelligence, and the demand for AI computing power will increase substantially. Peng Zhen, chairman of Inspur Information, said at the earnings conference in mid-May that the current order volume is considerable and is expected to continue to grow in the second quarter.

However, it is worth noting that financial data shows that Inspur Information achieved a net profit of 0.306 billion yuan in Q1 this year. Based on this calculation, the expected net profit in Q2 is 0.244 billion to 0.344 billion yuan, with a QoQ change of -20.26% to 12.42%.

Recently, journalists from Cailian News have learned through multiple interviews that the demand for AI computing power by large models continues to increase, and the domestic smart computing ecology is further improved. In addition to Inspur Information, A-share listed companies such as China Mobile (600941.SH), China Telecom (601728.SH), China Unicom (600050.SH), ZTE (000063.SZ), Dawning Information Industry (603019.SH), Digital China Group (000034.SZ), etc. are all accelerating the layout of smart computing.

Journalists have recently learned from Inspur Information that it has signed a strategic cooperation agreement with five computing power operation companies including Jiuzhou Cloud, Wuxi Shanghang, and Suchuang Data Group in Q3. It plans to accelerate the construction and operation of smart computing centers, especially in East China. Infrastructures.

Earlier this month, third-party research institution Jibang Consulting stated that through ODMs' supply chain investigation, Q2 and Q3 server shipments increased QoQ, and Q3 is estimated to increase by about 4%-5% QoQ. Cailian News reporters will continue to pay attention to the actual shipment situation of the server market in the future.