Flowing Cloud Technology (6610) H1 2026 earnings summary

Executive summary

• H1 2026 revenue was RMB223.575m, down 41.4% YoY, while net loss narrowed to RMB16.666m from RMB123.497m.

• Lower impairment and selling expenses supported the narrower loss; newly launched technology development and O&M services generated RMB8.5m.

Financial highlights

• Gross profit was RMB48.359m, down 40.0% YoY; gross margin rose to 21.6% from 21.2%.

• Loss before tax was RMB13.880m versus RMB135.912m; basic and diluted loss per share was RMB0.12 versus RMB1.31.

• Trade-receivable impairment losses were RMB15.515m versus RMB85.1m; distribution and selling expenses were RMB4.1m versus RMB67.9m.

• Cash and bank balances were RMB13.151m at June 30, 2026, versus RMB62.020m at December 31, 2025.

Outlook and guidance

• H2 priorities include AI-XR investment, improving AIGC efficiency in 3D content creation, lowering production costs and scaling digital-human and digital-asset commercialization.

• Strategy targets broader Platform services and closer integration of spatial computing with real-economy applications; no numerical financial guidance was stated.