AINNOVATION Technology Group (AINNOVATION) reported 1H 2026 revenue of RMB 828.98 million, a year-on-year rise of 18.6%. Manufacturing remained the core driver, contributing 81.5% of sales, while revenue from data-solution services fell to RMB 37.41 million.

Gross profit increased 20.0% to RMB 293.63 million, lifting gross margin 0.4 percentage point to 35.4%. Operating loss narrowed marginally to RMB 60.36 million. After adding back share-based payments, acquisition-related amortisation and fair-value changes, adjusted net profit reached RMB 3.19 million, reversing a RMB 6.68 million loss a year earlier. Statutory net loss was RMB 62.84 million (1H 2025: RMB 60.51 million).

Cost discipline improved: • Selling & distribution expenses fell 14.1% to RMB 63.17 million, dropping to 7.6% of revenue (1H 2025: 10.5%). • R&D outlays rose 4.6% to RMB 172.10 million, but their share of revenue eased to 20.8% (1H 2025: 23.5%). • Cash and cash equivalents stood at RMB 718.18 million; borrowings declined to RMB 74.44 million.

Product mix and customers: • Sales of products and solutions delivered RMB 791.57 million, or 95.5% of total revenue. • System integrators accounted for 60.3% of revenue, up from 50.9% a year earlier.

Capital management: • AINNOVATION repurchased 2.07 million H shares during the period for HK$9.64 million; shares are held as treasury stock. • No interim dividend was declared.

Proceeds re-allocation: • Unused placing funds of RMB 31.82 million originally earmarked for sales & marketing were shifted—RMB 30.78 million to R&D and RMB 1.04 million to working capital. • All remaining RMB 104.32 million designated for strategic expansion were reallocated to working capital. • The spending deadline for both IPO and placing proceeds was extended by two years to 31 December 2029.

Operational update: • Cumulative enterprise customers exceeded 1,800. • Patent filings reached 1,440, with 85% as invention patents. • The enterprise-grade AgentBuilder platform advanced to version 3.1.0, and the company highlighted progress in industrial large language models and embodied-AI robotics.

Outlook: Management will continue to execute its “one model, one agent, two wings” strategy, targeting full-year profitability and accelerated deployment of industrial AI solutions across China’s manufacturing sector.