Beijing Haizhi Technology Group Co., Ltd. (Haizhi Tech) released its unaudited results for the six months ended 30 June 2026, showing strong topline expansion and a markedly smaller net loss as the Atlas AI Agent business gained traction.
Revenue and Profitability • Revenue reached RMB 295.56 million, up 70.40% year-on-year. • Gross profit almost doubled to RMB 132.08 million, lifting group gross margin to 44.7% (1H 2025: 38.50%). • Reported net loss narrowed 38.10% to RMB 78.97 million. • Adjusted net loss (non-IFRS) improved 31.50% to RMB 19.60 million, reflecting ongoing cost optimisation and higher-margin product mix.
Segment Performance • Atlas Graph Solutions remained the largest revenue source at RMB 181.00 million (+45.00%), serving 59 customers with average revenue of RMB 3.10 million each. • Atlas AI Agent revenue more than doubled to RMB 114.59 million (+135.60%), contributing 38.8% of group sales. The segment’s gross margin rose to 52.9% (1H 2025: 48.1%), supported by deeper industry penetration and a 69% conversion rate from existing Graph Solution clients.
Cost Structure • Selling & marketing expenses rose 15.10% to RMB 43.90 million as the sales force expanded into new industries. • Administrative expenses climbed 70.40% to RMB 81.00 million, driven by RMB 17.49 million in listing-related costs and higher share-based payments. • R&D spending jumped 81.50% to RMB 65.60 million, reflecting intensified investment in AI agent development.
Balance Sheet and Liquidity • Total assets stood at RMB 1.63 billion on 30 June 2026. • Cash, cash equivalents and financial assets at FVPL totaled RMB 971.70 million, buoyed by net IPO proceeds of HK$655.40 million received in February 2026. • Debt-to-asset ratio improved to 26.3%; the company reported no interest-bearing borrowings.
Operational Highlights • Strategic alliances formed with Hygon Information and Z.AI to strengthen computing power and LLM integration. • Inclusion in both the Hong Kong Stock Connect and Hang Seng Composite Index enhanced market visibility. • Sector expansion achieved in energy, public services, finance, smart mining and telecommunications, lifting total customers served to over 430. Average revenue per customer rose to RMB 3.40 million.
Dividend No interim dividend was declared for the period.
Outlook Management plans continued R&D investment in its multi-model database and industrial-grade Atlas Harness platform, deeper industry penetration—particularly in smart manufacturing, mining, telecoms and pharmaceuticals—and recruitment of AI and domain specialists to support scalable growth.