BIREN TECH (06082) announced its interim results, with revenue of 1.236 billion yuan, a year-on-year increase of 1997.6%.

BIREN TECH (06082) announced its interim results for the six months ending June 30, 2026. The group reported revenue of RMB 1.236 billion, a year-on-year increase of 1997.6%; gross profit of RMB 527 million, a year-on-year increase of 2708.5%; and research and development expenses of RMB 804 million, up 40.7% year-on-year. The loss for the period was RMB 377 million, with a basic loss per share of RMB 0.16. The announcement stated that the company's main sources of revenue include (i) product sales, which include smart computing solutions, software, and agency fees, (ii) providing support or extended warranty services, (iii) offering commissioned research and development services, and (iv) rental income from smart computing clusters. The increase in revenue during the period was primarily due to the growth in income from smart computing solutions. For the six months ending June 30, 2025, the company's net financial cost was RMB 1.008 billion, while for the six months ending June 30, 2026, the company's net financial income was RMB 19.9 million, mainly due to the company no longer recognizing the redemption liabilities related to the redemption rights granted to investors, as well as an increase in interest income from cash and cash equivalents. After its listing, the redemption rights granted to investors became irrevocably terminated, and the carrying amount of the related redemption liabilities was recognized under the shareholders' equity attributable to the company as of January 2, 2026, therefore there will be no gains or losses related to the redemption liabilities.