Zhitong Finance App learned that on August 28, Bijiao Technology (06082) announced the 2026 interim results. In the first half of 2026, the company achieved operating income of 1,236 billion yuan, up 1997.6% year on year; gross margin increased to 42.7%, up 1080 basis points (bps) year on year; R&D expenditure in the first half of the year was 804 million yuan, up 40.7% year on year; loss during the period narrowed sharply to 377 million yuan, a year-on-year decrease of 76.4%; loss during the adjusted period (measured by non-IFRS) was 337 million yuan, a year-on-year decrease of 38.9%.
In the first half of 2026, sales of Bijiao Technology™ series products continued to expand, and several benchmark projects were launched. By the end of the reporting period, Bijiao Technology's customers had covered leading Internet companies, AI model developers, national AI computing power platforms, AI data centers, telecom operators, and various industries, government and enterprise customers such as AI solutions, manufacturing, energy and utilities, financial technology, and education. Bijiao Technology emphasized that it has completed the introduction and certification of major Internet customer suppliers and has begun to deliver products in batches, opening up more room for revenue growth.
Bijiao Technology has locked in sufficient production capacity in key industrial chains, further consolidated supply chain resources and full-chain operation capabilities, and fully prepared for mass production and customer delivery of next-generation products. As of June 30, 2026, Bijiao Technology's inventory balance reached 1,215 billion yuan, an increase of 28.1% over the balance at the end of 2025; advance payments related to inventory and services reached 1,534 billion yuan, an increase of 230.0% over the balance at the end of 2025, providing a solid foundation for effectively responding to strong downstream demand and ensuring supply chain security. Furthermore, the company completed the H share placement on July 8, 2026, and issued 153 million new H shares, raising a net capital of about HK$7.04 billion to provide financial support for further strengthening strategic procurement and supply chain capabilities.