Maiyue Technology (2501) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 84.5% YoY to RMB44.437m, led by hardware and software sales; gross profit rose to RMB7.304m, while net loss widened to RMB16.419m.

• Strategic priorities include continued R&D, AI-agent technology, China–ASEAN language and corpus products, and expansion through partnerships in Southeast Asia.

Financial highlights

• Revenue was RMB44.437m versus RMB24.083m; cost of sales rose to RMB37.133m from RMB17.399m.

• Gross profit increased to RMB7.304m from RMB6.684m, while gross margin fell to 16.4% from 27.8%, pressured by the higher mix of lower-margin hardware and software sales.

• Operating loss widened to RMB9.184m from RMB1.127m; loss before tax was RMB15.900m versus RMB9.705m, and net loss was RMB16.419m versus RMB10.676m.

• Other income fell to RMB2.062m from RMB6.630m, mainly reflecting government grants of RMB1.787m versus RMB6.370m.

Outlook and guidance

• Continue R&D investment and improve self-developed product quality and competitiveness through tertiary-institution collaboration and marketing campaigns.

• Pursue opportunities with reputable customers and partners to build brand awareness and expand across Chinese Mainland and Southeast Asia; develop AI-agent, China–ASEAN language and corpus products, and interactive hardware.