Unisplendour Guides Q1-Q3 2026 Net Profit to RMB 2.42-3.06B, Up 72-118%

The gap between headline and non-recurring profit growth matters here: part of the jump comes from the H3C stake purchase rather than operations alone, so the recurring line is the cleaner read on underlying demand. The drivers cited — AI infrastructure and overseas expansion — put Unisplendour in the same spending cycle benefiting domestic server and networking suppliers. Whether that demand converts into durable margin rather than volume-led growth is the open question.