Beijing 51World Digital Twin Technology (6651) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 129.8% YoY to RMB123.672m; gross margin reached 44.8%, and net loss narrowed 25.5% to RMB70.053m.

• 51Sim revenue surged 545.2% YoY to RMB51.238m, lifting its revenue mix to 41.4% from 14.8%.

• AI-enabled organizational changes lifted average employee efficiency 143.82% YoY.

Financial highlights

• Revenue was RMB123.672m vs RMB53.820m; gross profit was RMB55.386m vs RMB22.127m.

• Operating loss narrowed to RMB66.130m from RMB90.632m; net loss narrowed to RMB70.053m from RMB94.049m.

• R&D costs rose 80.3% YoY to RMB54.329m, mainly due to technology services for outsourced auxiliary and non-core software development.

• Other net income rose to RMB14.703m from RMB5.096m on higher interest income; impairment losses fell to RMB0.878m from RMB7.379m as receivables collections increased.

Outlook and guidance

• H2 plans include 51Aes product iteration; SimOne3.X development for L2-L4 simulation testing and SimOne4.X for 4DGS and World Model data closed-loop; and performance-based pricing and the Physical AI Factory.

• AperOne targets real-world deployment of over 1,000 embodied robots in 2026; AperData targets a leading share of China’s embodied-data market, with commercial deployment across multiple verticals.

• 51WORLD MODEL is planned for deeper integration with SimOne4.0 across training, inference and deployment; Terra AI is expected to support operating-model transformation over 3–5 years.

• Planned development includes a space-based data closed-loop anchored by ECS-1 satellite collaboration.