Tianju Dihe (Suzhou) Data (2479) H2 2025 earnings summary

Executive summary

• FY2025 revenue fell 15.0% YoY to RMB508.7m; gross profit declined 25.9% to RMB95.9m, and net profit of RMB18.7m turned to a net loss of RMB19.3m.

• Trading suspension adversely affected business development, with some key customers cutting orders; trading remained suspended pending fulfillment of resumption guidance.

Financial highlights

• Revenue was RMB508.655m versus RMB598.667m; gross profit was RMB95.930m versus RMB129.390m.

• Net loss was RMB19.310m versus net profit of RMB18.724m; loss attributable to owners was RMB17.453m and basic/diluted loss per share was RMB0.35.

• Cash and cash equivalents fell 26.5% to RMB187.8m; net assets were RMB1,003.5m, down 0.9%.

Outlook and guidance

• Priorities include upgrading the Juhe.cn data platform, developing Jenius general agents for multiple industries, and integrating AI capabilities with AR hardware for vertical-sector mobile terminals.

• Plans include pursuing government and public data opportunities, expanding API products and testing services, growing subscription monetization, and widening industry and regional coverage.

• R&D plans target stronger technical capabilities and industry applications; responses to demand and talent risks include AI upgrades, sales expansion, and recruiting and retaining technical staff.