Tianju Dihe (Suzhou) Data (2479) H1 2025 earnings summary

Executive summary

• H1 2025 revenue fell 4.6% YoY to RMB246.8m and net profit declined 36.3% to RMB5.3m, as query growth was offset by sharp declines in data management solutions and SMS notice services.

• Trading remained suspended from 1 April 2025 pending publication of outstanding results and fulfillment of Stock Exchange resumption guidance; the stated deadline to remedy issues was 30 September 2026.

Financial highlights

• Revenue was RMB246.8m versus RMB258.7m; gross profit was RMB48.0m versus RMB56.4m, and net profit was RMB5.3m versus RMB8.4m.

• Profit before tax was RMB4.6m versus RMB9.0m; profit attributable to owners was RMB5.9m versus RMB8.6m. Income tax was a RMB0.7m credit versus a RMB0.7m expense.

• Total comprehensive income was RMB5.0m versus a RMB13.7m loss, reflecting a smaller FVOCI fair-value loss in 2025.

• Gross margin declined to 19.4% from 21.8%, mainly due to lower query-business margin; cost of sales decreased to RMB198.8m from RMB202.3m.

Outlook and guidance

• Priorities include commercializing Jenius AI Agent V1.0, improving intelligent interaction and scenario deployment, and developing a scalable agent platform for finance, healthcare, education and manufacturing.

• Plans include pursuing government and public-data authorization opportunities, expanding API products and testing services, growing subscription monetization, and extending data-management services across industries and regions.

• R&D investment is planned to expand technical capabilities and applications; 70 valid patents were held at 30 June 2025.