China Ruyi Holdings (136) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2026 was RMB1,183 million, down 46.4% year-over-year, mainly due to project cycles and strategic investments.

• Net profit attributable to equity holders was RMB837 million, a 32.3% decrease compared to the same period last year; basic EPS was RMB0.0500, diluted EPS RMB0.0498, both lower than H1 2025.

• Adjusted net profit was RMB952 million, down from RMB1,303 million in H1 2025.

• Performance was impacted by delayed revenue recognition from key projects and increased investment in premium content and AI technology.

• The group focused on quality, operational efficiency, and sustainable business operations amid a challenging market.

Financial highlights

• Gross profit for the period was RMB291 million, compared to RMB1,123 million in the prior year.

• Revenue fell 46.37% year-over-year to RMB1.183 billion; net profit dropped 32.34% to RMB831 million.

• Cash and cash equivalents plus term deposits were RMB5,438 million, down from RMB7,244 million at year-end 2025.

• Gearing ratio rose to 18.2% from 9.5% at year-end 2025 due to new convertible bonds.

• Other gains net increased to RMB774 million from RMB480 million year-over-year, mainly from fair value changes in financial assets.

Outlook and guidance

• Revenue and profit contributions from several key projects are expected in the second half of 2026.

• Continued focus on premium content, AI R&D, and global IP integration to drive future growth.

• Multiple high-profile game launches and strategic investments are scheduled for late 2026 and 2027.

• Upcoming releases in film, television, and gaming are anticipated to support medium- to long-term business development.