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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Flowing Cloud Technology
Flowing Cloud Technology (6610) investor relations material
Flowing Cloud Technology H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary31 Aug, 2026
Executive summary
H1 2026 revenue was RMB223.575m, down 41.4% YoY, while net loss narrowed to RMB16.666m from RMB123.497m.
Lower impairment and selling expenses supported the narrower loss; newly launched technology development and O&M services generated RMB8.5m.
Financial highlights
Gross profit was RMB48.359m, down 40.0% YoY; gross margin rose to 21.6% from 21.2%.
Loss before tax was RMB13.880m versus RMB135.912m; basic and diluted loss per share was RMB0.12 versus RMB1.31.
Trade-receivable impairment losses were RMB15.515m versus RMB85.1m; distribution and selling expenses were RMB4.1m versus RMB67.9m.
Cash and bank balances were RMB13.151m at June 30, 2026, versus RMB62.020m at December 31, 2025.
Outlook and guidance
H2 priorities include AI-XR investment, improving AIGC efficiency in 3D content creation, lowering production costs and scaling digital-human and digital-asset commercialization.
Strategy targets broader Platform services and closer integration of spatial computing with real-economy applications; no numerical financial guidance was stated.
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Latest events from Flowing Cloud Technology
- AR/VR growth lifted H1 profit 41.4%, despite credit and investment losses.6610
H1 2023 - Revenue advanced 16.7%, while rising credit losses and lower gross margin tempered growth.6610H2 2023
- H1 profit fell 45.4% as overseas marketing grew 61.2%.6610H1 2024
- Revenue fell 20%, margins compressed and a net loss replaced 2023 profit.6610H2 2024
- Weaker marketing and receivables impairment drove a RMB123.5m H1 net loss.6610H1 2025
- Revenue fell 21.2%, while higher costs and receivables impairment drove a RMB365.6m loss.6610H2 2025
Next Flowing Cloud Technology earnings date
H2 202624 Mar, 2027
Flowing Cloud Technology
Next Flowing Cloud Technology earnings date
H2 202624 Mar, 2027
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