Unisound AI Technology (9678) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 rose 38.7% year-over-year to RMB561.66 million, driven by strong growth in Enterprise AI Services and explosive expansion in the LLM Token Business.

• Gross profit increased 42.0% to RMB185.75 million, with gross margin improving to 33.1% from 32.3% a year earlier.

• Net loss narrowed by 20.0% to RMB238.74 million, reflecting improved operational leverage despite higher R&D expenses.

• Adjusted net loss (non-IFRS) increased due to higher R&D investment supporting rapid model iteration and ecosystem expansion.

• The company completed three share placings in 2026, raising substantial capital to support R&D and business expansion.

Financial highlights

• Revenue: RMB561.66 million (up 38.7% YoY); Enterprise AI Services RMB478.09 million (+35.7%), LLM Token Business RMB29.77 million (from near zero), Edge AI Business RMB53.80 million (+9.2%).

• Gross profit: RMB185.75 million (+42.0% YoY); gross margin 33.1% (vs. 32.3%).

• Net loss: RMB238.74 million (down 20.0% YoY); adjusted net loss increased due to higher R&D investment.

• R&D expenses: RMB284.06 million (+69.0% YoY); administrative expenses fell 37.8% due to lower listing costs.

• Cash and cash equivalents: RMB973.51 million as of June 30, 2026, up from RMB241.69 million.

Outlook and guidance

• Plans to further iterate the U2 foundation model and expand the vertical/multimodal model matrix, especially in healthcare, voice, and document intelligence.

• Will deepen enterprise service offerings, leveraging accumulated business assets and AI agent modules for scalable, recurring revenue.

• Emphasis on responsible AI, embedding security and compliance throughout R&D and operations.