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EmbedWay Tech(Shanghai)Corp

EmbedWay Technologies (Shanghai) Corporation provides network visibility, intelligent system platforms, and intelligent computing solutions and services in China and internationally. It offers products and solutions for telecom networks, industrial internet, and intelligent computing centers. Its products include the ExProbe 40G/100G ethernet acquisition and distribution device, the OptiPlus multi-service traffic collection and distribution platform, the ExProbe8580E for inline tools flow, the ExProbe8512E ethernet network packet broker, and the PA8921 FPGA acceleration card, a data center application acceleration platform. The company also offers passive and inline tool visibility and fixed and mobile network interception. Founded in 2003, it is headquartered in Shanghai, China.

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China
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Hengwei Technology's 2026 interim report shows net profit of 22.0694 million yuan

Hengwei Technology released its 2026 interim report. Total operating revenue was 430 million yuan, down 12.06% from the same period last year, and net profit attributable to the parent company was 22.0694 million yuan. Net cash inflow from operating activities was 29.017 million yuan, down 60.06% year-on-year. The company's latest asset-liability ratio was 24.14%, gross margin was 32.55%, and diluted earnings per share was 0.07 yuan. The number of shareholders was 59,900, and the top ten shareholders held 35.09% of total share capital.
603496.CG · Capital · Negative Revenue and operating cash flow declined year-on-year, with net profit of 22.07 million yuan.
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China
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Hengwei Technology Plans Cash Dividend of 0.06 Yuan per 10 Shares

Hengwei Technology announced on August 30 that it plans to distribute a cash dividend of 0.06 yuan, tax included, for every 10 shares to all shareholders, with an estimated total payout of 1.92 million yuan, accounting for 8.71% of net profit attributable to the parent company. In the first half of 2026, the company achieved revenue of 430 million yuan and net profit attributable to the parent company of 22.07 million yuan.
603496.CG · Capital · Positive Company announces cash dividend, returning capital to shareholders.
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Hengwei Technology's first-half net profit attributable to parent was 22.07 million yuan, up 23.9% year-on-year

Hengwei Technology released its 2026 interim report. Net profit attributable to the parent in the first half was 22.07 million yuan, up 23.9% year-on-year, but operating revenue was 430 million yuan, down 12.1% year-on-year. Second-quarter operating revenue was 251 million yuan, down 30.9% year-on-year, and net profit attributable to the parent was 16.25 million yuan, down 36.8% year-on-year. The company's main businesses include network visualization and intelligent system platforms. Network visualization revenue was 191 million yuan, down 27.18% year-on-year, mainly due to delays in carrier centralized procurement projects. Intelligent system platform revenue was 238 million yuan, up 5.16% year-on-year, driven by sales growth in network security hardware platforms.
603496.CG · Capital · Negative H1 net profit up 23.9% but revenue down 12.1%; Q2 revenue and profit fell sharply, with network visualization revenue down 27.18% due to carrier project delays.
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China
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EmbedWay Technologies to invest 15 million yuan in Tianjin Haihe Yaozhong Fund

EmbedWay Technologies plans to invest 15 million yuan as a limited partner to subscribe for new fund shares in Tianjin Haihe Yaozhong Equity Investment Partnership. The fund currently has committed capital of 613 million yuan, which will increase to 710 million yuan after the expansion, with EmbedWay Technologies accounting for 2.11 percent of the committed capital. The fund mainly invests in the new-generation information technology industry, including strategic emerging industries such as semiconductors, basic software, data applications, and new-generation basic materials. The investment stage focuses on early to growth-stage companies, with some allocation to mature-stage projects. In the first quarter of 2026, EmbedWay Technologies achieved revenue of 178 million yuan and net profit attributable to the parent company of 5.82 million yuan.
603496.CG · Capital · Neutral Company invests 15 million yuan as LP in a fund, a capital allocation move with uncertain returns.
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China
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Hengwei Technology and Others Establish Nantong Zhenghai Guoheng Venture Capital Partnership with 150 Million Yuan Investment

Hengwei Technology and other enterprises have jointly established Nantong Zhenghai Guoheng Venture Capital Partnership, a limited partnership, with a capital contribution of 150 million yuan. Its business scope focuses on venture capital investment in unlisted companies. According to Qichacha equity penetration data, the partnership is jointly held by Hengwei Technology, Hainan Lisheng Energy Company, and others.
603496.CG · Capital · Neutral Hengwei Technology is a co-founder of the new venture capital partnership, but the impact on its core business is unclear.
海南利盛能源有限公司 · Capital · Neutral Hainan Lisheng Energy is a co-founder of the new venture capital partnership, but the impact on its core business is unclear.
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EmbedWay Technologies Plans to Invest 29 Million Yuan for a 19.33% Stake in a Venture Capital Fund

EmbedWay Technologies plans to invest 29 million yuan as a limited partner to subscribe for a 19.33% stake in the Nantong Zhenghai Guohang Venture Capital Partnership. The fund intends to invest in hard technology sectors such as high-end equipment, advanced manufacturing, and new materials, including GPUs and specialized acceleration chips, computing power chips and system-level solutions, fabless chip design, high-speed interconnects and storage, servers and intelligent computing infrastructure, and robotics. The company stated that this investment will help broaden its industrial investment channels and enhance future profitability.
603496.CG · Capital · Positive Invests 29M yuan as LP in venture fund targeting hard tech, broadening investment channels and enhancing future profitability.
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Hengwei Technology Plans to Acquire 49.37% Stake in Shuheng Technology for 437 Million Yuan and Inject Additional 30 Million Yuan

Hengwei Technology announced that it plans to use its own funds and self-raised funds to purchase a 49.37% stake in Shuheng Technology held by Zhang Jisheng, Shanghai Huiheng, and others for 437 million yuan, and simultaneously inject an additional 30 million yuan into Shuheng Technology. After the transaction, the company will hold a total of 51% equity in Shuheng Technology, making it a controlled subsidiary of the company.
数珩科技 · Capital · Positive Shuheng Technology receives investment and becomes a controlled subsidiary, likely benefiting from resources.
603496.CG · Capital · Positive Hengwei Technology acquires controlling stake in Shuheng Technology, expanding its business.
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Cloud & Digital Infrastructure▲

Alibaba Zhenwu Chip Supernode Adapts to Qwen3.8, Multiple Listed Companies Respond on Deployment Progress

Alibaba's Zhenwu M890 supernode has successfully adapted to Qwen3.8 and gone live on the Alibaba Cloud Bailian platform to provide model inference services, becoming the first supernode in China to successfully run a large model with over 2 trillion parameters. Dawning Information Industry said its supercluster and supernode products mainly include scaleX640 and scaleX40, among which scaleX640 adopts a high-density architecture with one unit driving two, featuring 640 cards per cabinet and a 20-fold increase in computing density, capable of forming a thousand-card computing unit through two machines, while scaleX40 uses an orthogonal cable-free first-level interconnect architecture with 40 GPUs integrated per node. Digital China said it released its Digital China KunTai supernode server product in February 2026, mainly targeting government, enterprise, and industry customers, and progress is currently smooth. Vantone Development said whether the 950 supernode uses its products depends on the downstream server manufacturers' own needs. EmbedWay Technologies said its intelligent computing supernode research and development is based on orthogonal architecture technology accumulated over years in network visualization products, independently mastering core technologies such as structure, high-speed signals, heat dissipation, power supply, and management, with high technological maturity, and is currently engaged in product customization development and early market cooperation with partners. Huatai Securities' latest research report believes that the World Artificial Intelligence Conference's concentrated display of various supernode solutions indicates that supernodes have become an important development direction for domestic computing infrastructure, and system-level competition will drive up the value of high-speed interconnects and complete cabinet supporting components, suggesting attention to segments such as switch chips, switches, copper connections, optical modules, and complete cabinets.
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9988.HK · Technology · Positive Alibaba's Zhenwu M890 supernode successfully adapted to Qwen3.8, a major tech achievement.
603019.CG · Technology · Positive Dawning's supernode products are highlighted as part of the supernode trend, boosting its tech profile.
000034.CS · Technology · Positive Digital China released its KunTai supernode server product, showing progress in supernode deployment.
603496.CG · Technology · Positive EmbedWay is developing intelligent computing supernodes with proprietary orthogonal architecture technology.
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Yoozoo Games Co-initiates the Artificial Intelligence Development and Safety Initiative with Multiple Institutions

Yoozoo Games co-initiated the Artificial Intelligence Development and Safety Initiative with multiple industry, academic, and research institutions at the WAIC 2026 Thinkers' Forum. Company Vice President Qin Chao revealed during a Thinkers' Dialogue that Yoozoo's self-developed YOOZOO.AI agent aggregation platform has integrated nearly 50 mainstream large models, covering dozens of core business processes including planning and design, as well as advertising operations. Qin also stated that the company's estimated net profit attributable to the parent company for the first half of the year increased by nearly three to five times year-on-year, partly due to AI empowerment. The co-initiators of this initiative include the National Industrial Information Security Development Research Center, the World Digital Science Academy, the Shanghai Artificial Intelligence Industry Research Institute, the Hong Kong University of Science and Technology Shanghai Industry-Education Integration Center, and EmbedWay Technologies.
002174.CS · Capital · Positive Estimated net profit for H1 increased nearly 3-5x YoY, partly due to AI empowerment.
002174.CS · Technology · Positive Co-initiated AI initiative and revealed YOOZOO.AI platform integrating 50 large models.
603496.CG · Technology · Positive Co-initiates AI safety initiative with Yoozoo, highlighting its role in AI development.
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