Roman Stock: Firmly Strongly Recommend! Scarce High-Quality Edge-Side Inference Target, with Greater Upside After Deep Correction Following the Sector

English summary

The company's stock closed -8% today, with current market cap down about 50% from previous high. We judge this is mainly due to market style, with no significant change in fundamentals. The company is a high-quality scarce edge-side inference target, and we continue to firmly hold a bullish view at this point. Based on the company's earnings preannouncement, Q2 AIDC services delivery volume and profit levels improved sequentially from Q1, reflecting that projects delayed in Q1 saw significant improvement in Q2 2026. Currently, the company's orders on hand plus framework agreements total RMB 66 billion. We judge that in 2H26, the company's AIDC business delivery is expected to further improve, with full-year AIDC business profit estimated at RMB 500 million, providing a good margin of safety. ...