AInnovation Technology Group (2121) H1 2025 earnings summary

Executive summary

• H1 2025 revenue rose 22.3% YoY to RMB699.0m; gross margin increased 1.2 percentage points to 35.0%, and adjusted net loss narrowed to RMB6.7m.

• Results reflected manufacturing revenue growth, better delivery efficiency and cost control; operating cash outflow was RMB8.4m.

Financial highlights

• Revenue was RMB699.0m, up 22.3% YoY; gross profit increased 26.7% to RMB244.7m.

• Operating loss narrowed 67.4% to RMB62.2m; period loss narrowed 67.2% to RMB60.5m.

• Adjusted net loss, adding back specified non-cash and fair-value items, narrowed to RMB6.7m from RMB37.4m.

• Selling and distribution expenses fell 7.2% to RMB73.6m; G&A fell 6.5% to RMB90.1m, while R&D rose 11.2% to RMB164.6m.

• Basic and diluted loss per share was RMB0.10, versus RMB0.36 in H1 2024.

Outlook and guidance

• H2 priorities include wider industrial LLM deployment, product development in industrial software and robotics, and deeper vertical-industry partnerships.

• Focus areas include food and beverage, new materials, equipment manufacturing, steel, automotive equipment, energy and power, and practical manufacturing training.

• Profitability remains a stated objective, alongside increased core-technology R&D and coordinated software-hardware development.