Shanghai Biren Technology (6082) investor relations material

Executive summary

• Revenue surged 1,997.6% year-over-year to RMB1,235.5 million for the six months ended June 30, 2026, driven by strong demand for GPGPU solutions and expansion of the customer base.

• Gross profit rose 2,708.5% year-over-year to RMB527.1 million, with gross margin expanding to 42.7%, up 1,080 bps.

• Loss for the period narrowed by 76.4% year-over-year to RMB377.2 million; adjusted loss (non-IFRS) reduced by 38.9% to RMB337.2 million.

• Significant progress in commercialization, product development, and mass production, with landmark deployments in AI data centers and SuperPod solutions.

Financial highlights

• Revenue: RMB1,235.5 million (up from RMB58.9 million year-over-year).

• Gross profit: RMB527.1 million (up from RMB18.8 million year-over-year); gross margin 42.7%.

• R&D expenses: RMB804.4 million, up 40.7% year-over-year.

• Loss for the period: RMB377.2 million (down from RMB1,600.5 million year-over-year).

• Adjusted loss (non-IFRS): RMB337.2 million (down from RMB551.6 million year-over-year).

• Finance income net: RMB19.9 million (vs. finance costs net of RMB1,008.2 million prior year, due to derecognition of redemption liabilities).

Outlook and guidance

• Multi-generation product roadmap in place; next-generation products on track for launch and production.

• Continued high R&D investment and focus on mass production and reliable delivery to support large-scale deployments.

• Management expects robust demand for GPGPU solutions to persist, driven by AI model advancements and industry digitalization.