Baige Online Digital Technology (2672) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB788.9 million, up 39.2% year-over-year, driven by growth in insurance transaction services and a surge in precision marketing and digitalisation solutions revenue.

• Gross profit increased to RMB64.7 million, with gross margin at 8.2%, reflecting stable profitability despite a slight margin decline due to a higher proportion of lower-margin precision marketing projects.

• Net loss narrowed by 43.6% to RMB12.2 million, mainly due to higher gross profit, lower finance costs, and the absence of share-based payment expenses, partially offset by listing and R&D expenses.

• The company completed its IPO and listing on the Hong Kong Stock Exchange on 29 June 2026, raising significant capital, strengthening its capital base, and derecognising pre-IPO puttable shares liabilities.

Financial highlights

• Revenue: RMB788.9 million (+39.2% YoY); Gross profit: RMB64.7 million (+27.2% YoY); Gross margin: 8.2% (-0.8pp YoY).

• Net loss: RMB12.2 million (vs. RMB21.5 million loss in H1 2025); Adjusted net loss (non-HKFRS): RMB2.5 million.

• Cash and cash equivalents: RMB489.8 million (+349.2% from year-end 2025), mainly from IPO proceeds.

• No interim dividend declared for H1 2026 to retain earnings and strengthen liquidity.

Outlook and guidance

• Plans to deepen scenario-based insurance in core tracks (mobility, HR, inclusive finance, health/elderly care) and expand into new scenarios such as embodied robotics.

• Focus on accelerating industrial implementation of proprietary AI large models and enhancing organisational efficiency through talent development.

• Intends to leverage capital market listing to drive technology R&D, business expansion, and ecosystem development.