Shenzhen Xunce Technology (3317) H1 2026 earnings summary

Executive summary

• H1 revenue reached RMB967.02 million, up 388.76% YoY; profit attributable to owners was RMB72.51 million versus a loss of RMB89.43 million in H1 2025.

• Net profit was RMB66.998 million versus a loss of RMB107.998 million; adjusted net profit was RMB66.998 million versus an adjusted loss of RMB104.978 million.

• Diversified industries contributed 87.6% of revenue, while TokenOS and TokenCloud advanced the integrated compute-data-token-model-application strategy; token-model revenue exceeded 10% of total revenue.

Financial highlights

• Revenue was RMB967.02 million versus RMB197.85 million; gross profit was RMB580.91 million versus RMB131.88 million.

• Gross margin was 60.07%, down from 66.66%; profit before tax was RMB67.02 million and income tax expense was RMB0.02 million.

• Other income and gains were RMB89.123 million, including RMB101.422 million in fair-value gains on FVTPL assets; net FX losses were RMB25.688 million.

• Operating cash outflow was RMB661.209 million; investing activities used RMB28.879 million and financing activities generated RMB239.370 million.

Outlook and guidance

• H2 plans include a global token exchange platform; monetization is expected to expand from token invocation fees to platform ecosystem fees.

• Enterprise small-model development will include private deployment and subscription, outright deployment, fine-tuning and pay-for-performance models.

• Priorities include cross-industry replication, frontier AI data R&D, strategic ecosystem partnerships and risk-controlled overseas expansion.