AInnovation Technology Group (2121) H1 2026 earnings summary

Executive summary

• H1 revenue grew 18.6% YoY to RMB829.0m; adjusted net profit turned positive at RMB3.2m, the first adjusted half-year profit.

• Core AI + Manufacturing revenue mix rose to 81.5%; gross margin improved for the sixth consecutive year to 35.4%.

• Served over 1,800 enterprise customers; filed 1,440 patent applications, 85% of which were invention patents.

Financial highlights

• Revenue RMB829.0m, up 18.6% YoY; gross profit RMB293.6m, up 20.0% YoY.

• IFRS loss for the period was RMB62.8m vs RMB60.5m in H1 2025; operating loss narrowed to RMB60.4m from RMB62.2m.

• Adjusted net profit was RMB3.189m vs adjusted net loss of RMB6.681m; adjustments included share-based payment, acquired-intangible amortization and fair-value changes.

• Selling and distribution expenses fell 14.1% to RMB63.2m; R&D expenses rose 4.6% to RMB172.1m, while G&A remained relatively stable at RMB92.2m.

Outlook and guidance

• H2 priorities: strengthen industrial LLMs, scale enterprise-agent deployment, and commercialize industrial agent software and embodied robots.

• Target full profitability over time; plans emphasize reliable agents, reusable industry assets, standardized delivery and replication across customer scenarios.

• Further develop ChatRobot, ChatCAD and industrial software, and expand agent training, intelligent logistics and quality-inspection applications.