JST GROUP (06687) announced its interim results, with adjusted net profit of approximately 185 million yuan, a year-on-year increase of 257.3%, and a dividend of 0.2 Hong Kong dollars per share.

JST GROUP (06687) announced its interim results for the six months ending June 30, 2026, with revenue of approximately 615 million yuan, a year-on-year increase of 17.4%; gross profit of approximately 470 million yuan, a year-on-year increase of 25%; profit attributable to equity holders of the company about 101 million yuan, returning to profit from a loss compared to the previous year; and adjusted net profit of approximately 185 million yuan, a year-on-year increase of 257.3%. Earnings per share were 0.23 yuan, and the interim dividend was 0.20 Hong Kong dollars per share. During the period, the Group continued to strengthen its core cloud-based e-commerce SaaS product matrix, broadening product coverage and vertical industry penetration. Revenue from the Group's ERP SaaS products was approximately 483 million yuan, a year-on-year increase of about 12.9%. In response to the current industry trend of rising e-commerce return rates and a more rational supply chain, the Group launched a balance solution for procurement and sales returns to help merchants optimize inventory and after-sales fulfillment chains. At the same time, the Group continued with its instant retail solution planning initiated in 2025, maintaining its presence in the local instant fulfillment sector. The cross-border segment focused on advancing the "One Inventory, Sell Globally" system construction, which has formed a complete closed-loop capability encompassing domestic procurement, overseas warehouse stocking, multi-platform fulfillment, cross-border logistics, overseas third-party warehouse management, and cross-border business and finance accounting, continuously enhancing the Group's e-commerce service capabilities and product competitiveness across all domains and formats. In the first half of the year, the Group's collaborative product line achieved revenue of approximately 113 million yuan, a year-on-year increase of about 43.4%. The Group has completed the deployment of SaaS tools across all positions in e-commerce enterprises, including finance, customer service, operations, and procurement, fully covering the digitalization needs of various functions within enterprises. As the traffic bonus in the e-commerce industry gradually diminishes, the focus of industry development has shifted towards refined operations. The demand for SaaS and AI digital transformation for various roles within e-commerce enterprises continues to rise, further highlighting the value of internal collaboration tools. In the financial compliance product segment, with ongoing implementation of tax compliance regulation in the domestic e-commerce industry, there has been a significant increase in demand for integrated business and finance tools. E-commerce merchants urgently need an integrated SaaS system paired with professional implementation services to achieve financial compliance management across all channels while enhancing operational data analysis capabilities to proactively manage business risks at various operational stages. As of June 30, 2026, the core business and finance products, Juhua Accounting and Jupiaoju, received remarkable market feedback, with total revenue growth in the first half of the year exceeding 100%. In the first half of the year, the Group completed the establishment of subsidiaries in Malaysia and Vietnam, with plans to establish subsidiaries in Indonesia and the Philippines by the end of the year, in addition to the existing subsidiary in Thailand, achieving comprehensive coverage in major Southeast Asian countries. In addition to deepening its Southeast Asian market, the Group is also actively expanding potential opportunities in Latin America, the Middle East, Africa, Europe, and North America. As of June 30, 2026, the international products underwent multidimensional iterative upgrades: innovating cloud distribution models to achieve unified inventory management and integrated operations for drop shipping; adding new modules for advertising placement and operational analysis to enhance merchants' marketing and data decision-making capabilities. At the same time, the ecosystem continues to deepen multi-party cooperation, collaborating closely with Southeast Asian e-commerce platforms, logistics service providers, financial payment companies, financial software service providers, and social media platforms to provide superior services to e-commerce sellers. Currently, the Group has become a Meta Global Select Business Partner, and both parties will promote more cooperation projects in e-commerce scenarios. Additionally, the Group continues to deepen the integration of AI technology with ERP and a full range of collaborative products, with the companys quarterly token consumption increasing by over 300% compared to the fourth quarter of 2025. The self-developed e-commerce AI agent "Shuibao" has been iteratively launched in modules and is gradually being commercialized, embedding AI capabilities into the core business workflows of order, inventory, product, and supply chain for pilot applications. Shui Bao Agent is equipped with over 5,000 selected skills in various e-commerce verticals, supporting channel collaboration to identify potential merchants and helping clients use skills to handle tedious business operations such as ERP order review, simplifying complex processes and improving operational efficiency. Meanwhile, Shui Bao Agent accumulates a vast product knowledge base, capable of accurately responding to a variety of inquiries regarding product functions, project implementation, pre-sales consulting, and after-sales support, comprehensively optimizing the product use experience and continuously strengthening the Group's differentiated competitive advantage in products.