Venustech Group (002439) investor relations material

Executive summary

• Revenue for H1 2026 reached ¥1.23 billion, up 9.01% year-over-year, with net profit attributable to shareholders at ¥30.79 million, a turnaround from a ¥93.35 million loss in H1 2025.

• Cash flow from operations turned positive at ¥69.58 million, up 142.95% year-over-year, reflecting improved project collections and cash management.

• The company accelerated AI-driven product innovation, with new offerings in AI security, data security, and cloud-native security, and deepened collaboration with China Mobile.

• Gross margin for information network security was 56.28%, with security products at 61.95% and security operations/services at 50.62%.

Financial highlights

• Operating income: ¥1,234,618,155.18 (+9.01% YoY); net profit attributable to shareholders: ¥30,785,887.58 (vs. -¥93,350,044.62 YoY).

• Operating cash flow: ¥69,579,037.95 (vs. -¥161,990,541.19 YoY); basic/diluted EPS: ¥0.0254 (vs. -¥0.0767 YoY).

• Total assets at period end: ¥12,787,742,267.85 (-1.72% from year-end 2025); net assets: ¥10,871,053,358.88 (+0.26%).

• Gross margin for security products: 61.95% (-2.24pp YoY); security operations/services: 50.62% (-4.05pp YoY).

• R&D investment: ¥283,870,696.16 (-33.46% YoY); three major expenses down 28.38% YoY.

Outlook and guidance

• The company will continue to focus on AI-driven innovation, digital security, and integration with China Mobile's ecosystem.

• Management expects continued revenue and profit growth, driven by new product launches and expansion in key verticals.

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