AInnovation Technology Group (2121) H2 2025 earnings summary

Executive summary

• FY2025 revenue returned to growth, rising 23.8% YoY; operating loss narrowed to RMB255.3m and adjusted net loss improved to RMB65.7m.

• Management attributed progress to business expansion, a larger customer base, business-mix optimization, tighter expense control and the “one model, one agent and two wings” strategy.

Financial highlights

• Revenue rose 23.8% to RMB1,512.6m; gross profit increased 25.1% to RMB529.1m.

• Net loss narrowed 59.1% to RMB248.8m; adjusted net loss, excluding specified share-based, acquisition-related and fair-value items, was RMB65.7m versus RMB117.3m.

• Operating loss was RMB255.3m versus RMB630.6m; impairment of goodwill and acquired intangibles was RMB55.7m versus RMB228.0m.

• Selling and distribution expenses fell 22.9% to RMB147.5m and G&A expenses fell 19.9% to RMB211.8m; R&D expense rose 11.6% to RMB396.3m.

Outlook and guidance

• 2026 priorities are to deepen the industrial LLM and agent platform, increase core technology R&D, and expand coordinated industrial software and robot solutions; no numerical financial guidance was stated.

• Commercial plans include scaling iPID with Bentley Systems, developing iPID 2.0, and expanding embodied intelligence deployments across assembly, logistics and practical training.

• Management expects AI adoption and supportive “AI +” policies to accelerate industrial applications in 2026, while emphasizing commercialization, productization and customer value.