Shandong Extreme Vision Technology (6636) H1 2026 earnings summary

Executive summary

• Revenue surged 181.2% year-over-year to RMB165.0 million, driven by rapid commercialization of large model solutions and steady growth in AI computer vision offerings.

• Net loss narrowed by 3.9% to RMB40.8 million, reflecting improved gross profit and operational leverage despite increased R&D and administrative expenses.

• Gross profit margin rose to 44.4% from 41.8% year-over-year, supported by higher-margin product mix and enhanced delivery efficiency.

• Successful listing on the Hong Kong Stock Exchange raised HKD434.4 million in net proceeds, significantly strengthening liquidity.

• Diluted loss per share decreased to RMB0.38 from RMB0.42.

Financial highlights

• Revenue: RMB165.0 million (up 181.2% YoY); Gross profit: RMB73.3 million (up 199.1% YoY).

• Net loss: RMB40.8 million (vs. RMB42.5 million loss prior year); Adjusted profit (non-IFRS): RMB3.6 million (vs. RMB30.7 million loss prior year).

• Gross margin: 44.4% (up from 41.8% YoY); Diluted loss per share: RMB0.38 (improved from RMB0.42 YoY).

• Cash and cash equivalents: RMB449.5 million as of June 30, 2026 (up from RMB13.4 million at end-2025, mainly from IPO proceeds).

• Gearing ratio improved to 11.0% from 27.3% at end-2025.

Outlook and guidance

• Plans to increase R&D investment in proprietary vision-language large models and AI infrastructure, and expand recurring revenue streams through token sales and software subscriptions.

• Focus on scaling deployments, co-developing vertical-specific solutions with enterprise clients, and strengthening presence in Hong Kong, Macau, and overseas markets.

• No interim dividend declared for the period.