Guosheng Securities: Maintains "Buy" Rating for Yuandan Innovation (00400.HK) with High Growth in Q1 26.

According to the caixin financial app, Guosheng Securities has released a research report stating that the global demand for large-scale model training and inference continues to rise, driving a comprehensive acceleration in investment in AI computing power infrastructure, bringing strong growth momentum to the innovative technology solutions business of Hard Kernel (00400.HK); At the same time, the rapid expansion of AI application scenarios is driving the continuous strong demand for memory and large-capacity storage chips, helping the company's storage-related business achieve rapid growth; Meanwhile, domestic humanoid robots and industrial automation have entered a large-scale implementation stage, with significant increases in demand for high-performance computing chips and embedded systems, further opening up the company's growth space. The three major high-growth tracks are working together to drive the company's performance to continue to grow. It is expected that the company will achieve revenues of 28.56/39.03/48.08 billion yuan in 2026-2028, achieving net profits attributable to shareholders of 380/500/640 million yuan, maintaining a "buy" rating.