Beijing Haizhi Technology (2706) investor relations material

Executive summary

• H1 2026 revenue rose 70.4% YoY to RMB295.6m, led by Atlas AI Agent growth of 135.6% to RMB114.6m and 38.8% of revenue.

• Net loss narrowed 38.1% YoY to RMB79.0m; adjusted net loss narrowed 31.5% to RMB19.6m. Gross margin expanded 6.2 percentage points to 44.7%.

• Atlas is developing into a full-stack industrial AI offering spanning multi-model data infrastructure, ontology and agent runtime, with an emphasis on reusable products and scalable growth.

• At June 30, cash and cash equivalents were RMB831.4m; cash and cash equivalents plus financial assets measured at FVPL exceeded RMB971.7m, with no external borrowings.

Financial highlights

• Revenue increased 70.4% YoY to RMB295.6m; gross profit rose 97.8% to RMB132.1m.

• IFRS net loss was RMB79.0m versus RMB127.7m in H1 2025; adjusted net loss was RMB19.6m versus RMB28.6m.

• Operating loss widened to RMB65.7m from RMB59.2m; loss before tax was RMB80.2m versus RMB129.8m.

• Cost of sales rose 53.2% to RMB163.5m, slower than revenue growth; selling and marketing, administrative, and R&D expenses were RMB43.9m, RMB81.0m, and RMB65.6m, respectively.

• R&D expense increased 81.5% YoY to RMB81.0m, or 27.4% of revenue; administrative expenses included RMB17.5m of listing expenses.

Outlook and guidance

• Priorities include R&D in industrial Harness and multi-model databases, with expansion into manufacturing, mining, telecoms and pharmaceuticals alongside finance, public services and energy.

• Benchmark deployments are intended to generate reusable ontology models, skill libraries and scenario components, enabling scalable product and service replication.

• Plans include improving delivery efficiency and profitability, building AI-native and industry-expert teams, and strengthening management processes; no numerical financial guidance was stated.