Edianyun Limited (2416) investor relations material

Executive summary

• H1 2026 revenue rose 17.9% YoY to RMB825.1m; gross profit increased 38.1% to RMB397.6m, lifting gross margin to 48.2% from 41.2%.

• Profit for the period reached RMB136.7m from RMB45.7m; adjusted net profit rose 174.0% to RMB140.2m, while adjusted EBITDA increased 37.0% to RMB527.6m.

• AI workstations generated 23.7% of new subscription revenue; pay-as-you-go solution gross margin improved to 50.9% from 45.9%.

Financial highlights

• Revenue was RMB825.1m, up 17.9% YoY; cost of sales increased 3.8% to RMB427.4m and gross profit rose 38.1% to RMB397.6m.

• Profit before tax rose 201.3% to RMB162.9m; profit for the period was RMB136.7m versus RMB45.7m, and basic EPS was RMB0.27 versus RMB0.09.

• Adjusted net profit was RMB140.2m versus RMB51.2m; adjusted EBITDA was RMB527.6m versus RMB385.0m, while IFRS EBITDA was RMB524.1m versus RMB379.6m.

• Selling and marketing expense fell 6.4% to RMB76.1m and R&D expense declined 14.3% to RMB25.7m; G&A expense rose 10.3% to RMB47.0m.

• Diluted EPS was RMB0.26 versus RMB0.09 in H1 2025.

Outlook and guidance

• H2 strategy prioritizes office AI hardware and cost-effective subscriptions, targeting rapid AI workstation growth, continued subscription expansion and improved profitability.

• Product plans include further AI workstation investment, GPU and application optimization, system-stability improvements and an in-house laptop line.

• Sales-network expansion, supply-chain and equipment-scheduling optimization, and remanufacturing improvements are planned to support penetration and lower costs.