【华安电新】麦格米特26中报业绩点评:AI电源业务进入收获期,卡位优势明显事件:公司发布26H1业绩◆26H1:实现营收60.61亿元,YoY+29.68%;实现归母净利2.52亿元,YoY+45.21%;实现扣非归母净利1.18亿元,YoY-16.13%。归母与扣非差异主要来自公司持有的股权投资项目估值提升。◆26Q2:实现营收32.61亿元,YoY+39.3%,QoQ+16.5%;实现扣非归母净利0.78亿元,YoY+90.2%,QoQ+95.0%,业绩拐点趋势明确。AIDC电源进入收获期◆卡位:(1)NV:电源推荐提供商之一,正积极参与GB/VR及下一代电源系统设计与生态建设。GB200