Tianju Dihe (Suzhou) Data (2479) investor relations material

Executive summary

• H1 2026 revenue fell 27.0% YoY to RMB180.2m; gross profit rose 13.9% to RMB54.6m, while results swung to a RMB4.7m net loss from RMB5.3m profit.

• Trading suspension concerns led key customers to reduce orders, weighing on business development.

• API services remained the core business; data management solutions and AI smart glasses broadened the product portfolio.

Financial highlights

• Gross margin expanded to 30.3% from 19.4%; cost of sales fell to RMB125.6m from RMB198.8m.

• Selling expenses rose to RMB14.3m, administrative expenses to RMB25.0m and R&D costs to RMB13.5m; R&D expenditure increased 87.5% YoY.

• Operating cash flow was an outflow of RMB92.0m versus RMB47.2m in H1 2025; cash and equivalents fell to RMB85.0m from RMB187.8m at year-end 2025.

• Total comprehensive loss was RMB21.0m, including RMB14.9m net-of-tax FVOCI fair-value losses and RMB1.4m translation losses.

• Loss attributable to owners was RMB2.7m; basic and diluted loss per share was RMB0.05.

Outlook and guidance

• Priorities include productizing Jenius Agent, improving intelligent interaction and industry deployment, and integrating large models, multimodal perception and RPA.

• Plans include pursuing government and public-data authorization opportunities, developing APIs and API-testing services, and expanding subscription monetization and customer reach.

• R&D investment and talent recruitment remain priorities, with intended applications spanning finance, healthcare, education and manufacturing.