Shenzhen Megmeet Electrical Co Ltd

Megmeet released its 2026 semi-annual report. In the first half, it achieved operating revenue of 6.061 billion yuan, up 29.68% year on year. Net profit attributable to shareholders of the listed company was 252 million yuan, up 45.21% year on year. The profit growth was mainly driven by growth in businesses such as data center power supplies. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital.

China's proposal for the Technical Specification for Monitoring, Control and Energy Management Systems of Data Center Microgrids has been approved by the International Electrotechnical Commission, marking the world's first IEC international standard focused on computing-power and electricity coordination in data centers. Chinese experts will serve as project leaders, working with experts from France, Germany, Spain and other countries. The State Administration for Market Regulation said that as the global digital economy and artificial intelligence industry boom, data center electricity consumption continues to grow rapidly. Coordinating stable computing power supply, improving energy efficiency and advancing green and low-carbon transformation have become key development issues facing the global computing power industry and the energy sector. Against this backdrop, the integrated development model of data centers and microgrids has become mainstream. By building locally controllable power supply networks for data centers and integrating power sources such as photovoltaic generation and energy storage systems, dynamic coordination between computing task scheduling and power supply can be achieved, effectively increasing the share of green electricity consumption and reducing overall energy costs. Related A-share concept stocks include Zhongheng Electric and Megmeet.

Huawei plans to equip the Mate 90 series, set for release this autumn, with a new Kirin chip based on Tao's Law. Tao's Law is a new semiconductor development principle proposed by Huawei in May this year, centered on systematically reducing the time constant τ. It compresses signal propagation delays within chips through techniques such as logic folding, thereby increasing transistor density. The Kirin chip, which will debut in autumn 2026, will be the first to adopt logic folding technology, delivering a significant performance boost. In addition, rising power consumption in AI servers is driving 800-volt high-voltage direct current to become the next-generation power supply solution. Nvidia and its ecosystem partners are advancing related products, with supporting power racks expected to reach mass production readiness by the third quarter of 2026.