Sanqi Interactive Net Profit Surges 981% in Q1 as AI Large Models Enter Harvest Period

Sanqi Interactive, a leading domestic gaming company, released its first-quarter 2026 financial report on April 27. The company reported revenue of 3.72 billion yuan, up 6.15% from the previous quarter, with net profit attributable to shareholders reaching 873 million yuan—a 59.02% year-on-year surge. This strong performance was fueled by steady growth in its core gaming business and explosive returns from AI investments.

AI Investment "Turns Stone into Gold": Zhipu AI's Listing Drives Core Growth

In this reporting period, the standout highlight was a sharp rise in Sanqi Interactive's investment income, which surged 981.35% year-on-year, an increase of 326 million yuan.

The key driver behind this explosive growth was Zhipu AI's successful listing. As a leading large model unicorn in China, Zhipu AI's GLM series models have achieved internationally leading performance. Since its Hong Kong Stock Exchange listing in January this year, Zhipu AI's stock has performed remarkably, rising from an issue price of 116.20 HKD to surpass the 1,000 HKD mark. Consequently, Sanqi Interactive, as an associated enterprise, saw its equity-method investment income increase accordingly.

Investing in the "Four Little Dragons" of Large Models, Building a Hard-Tech Investment Ecosystem

Sanqi Interactive's AI strategy extends beyond Zhipu AI. Among the "Four Little Dragons" of China's large model sector, the company has strategically invested in Zhipu AI, Moonshot AI, and Baidu Intelligent. Moonshot AI is recognized for its ultra-long text processing capabilities, while Baidu Intelligent focuses on the healthcare vertical.

Through a dual-layer model of "parent company direct investment + fund platform," Sanqi Interactive has quietly built an industrial ecosystem covering cutting-edge technologies including AI chips, AR/MR, and brain-computer interfaces. This approach has generated substantial financial returns while also enabling technological synergy—feeding AI capabilities like ultra-long text processing and efficient medical assistance back into practical business scenarios such as game customer service and intelligent assistants, thus achieving the strategic goal of "deepening the core business and expanding AI applications."

Long-Term Efforts in the Gaming Core Business, New Product Portfolio Set to Launch

Despite rapid growth in investment income, Sanqi Interactive's gaming fundamentals remain solid. The company maintains revenue resilience through meticulous long-term management of existing products and strong global performance of new titles like "RO: World Journey" and "Last Asylum: Plague."

Notably, "Last Asylum: Plague" entered the top ten global mobile game revenue growth list in March, further validating the company's global publishing capabilities. Looking ahead, Sanqi Interactive has a pipeline of high-quality titles including "The Usurper" and "Doupo Cangqiong: Dou Di Zhi Lu" across multiple genres such as MMORPG, SLG, and card games. With domestic licenses gradually being approved, these reserve projects are expected to continue driving performance growth in the coming quarters.