Thunder Software Technology (300496) investor relations material

Executive summary

• Revenue for H1 2026 reached ¥4.30 billion, up 30.46% year-over-year; net profit attributable to shareholders was ¥246 million, up 54.97% year-over-year.

• Core business lines—intelligent software, automotive, and IoT—all achieved double-digit revenue growth, with IoT up 46.93%.

• The company accelerated its AIOS-centric strategy, expanding in embodied intelligence, smart vehicles, AI phones, and AI-native devices.

• Significant R&D investment continued, with R&D expenses at ¥875 million, representing 20.33% of revenue.

Financial highlights

• Operating income: ¥4.30 billion, up 30.46% year-over-year.

• Net profit attributable to shareholders: ¥246 million, up 54.97% year-over-year.

• Gross margin: 29.06%, down from 33.15% year-over-year, mainly due to increased hardware costs in IoT.

• Operating cash flow: -¥63.57 million, down from ¥266.83 million last year, mainly due to increased inventory and prepayments.

• Basic EPS: ¥0.5337, up 54.79% year-over-year.

• Total assets: ¥14.87 billion, up 9.65% from year-end 2025.

Outlook and guidance

• The company will continue to deepen AIOS platform capabilities, enhance cross-chip and cross-terminal integration, and accelerate AIOS, Agent OS, and edge-cloud collaborative deployments in key sectors.

• Global resource integration and local R&D/service expansion will be strengthened to support international business growth.

• No interim dividend, bonus shares, or capital increase from reserves planned for H1 2026.