Shanghai Sunmi Technology Co (6810) H1 2026 earnings summary

Executive summary

• Revenue grew 25.8% year-over-year to RMB1,762.0 million for the six months ended June 30, 2026, driven by strong global demand for smart devices and BIoT platform services.

• Gross profit increased 26.4% to RMB565.8 million, with gross margin stable at 32.1%.

• Despite revenue growth, the period ended with a net loss of RMB70.0 million, mainly due to foreign exchange losses and increased listing expenses.

• Adjusted net loss (non-IFRS) was RMB11.9 million, compared to a profit of RMB50.6 million in the prior year.

• Overseas revenue accounted for over 80% of total revenue, reflecting successful international expansion.

Financial highlights

• Revenue: RMB1,762.0 million, up 25.8% year-over-year.

• Gross profit: RMB565.8 million, up 26.4% year-over-year.

• Net loss: RMB70.0 million, compared to a profit of RMB15.9 million last year.

• Adjusted net loss (non-IFRS): RMB11.9 million, down from a profit of RMB50.6 million.

• Basic loss per share: RMB0.19, compared to earnings per share of RMB0.04 last year.

Outlook and guidance

• Continued investment in R&D and AI technologies across device, OS, and platform layers to enhance product competitiveness.

• Focus on expanding global market presence, especially in key accounts and high-value customer groups.

• Strategic collaborations and potential acquisitions to accelerate international expansion.