Jushuitan (06687) announced interim results, adjusted net profit of about $185 million, a year-on-year increase of 257.3%, and a distribution of HK$0.2 per share

According to the Zhitong Finance App, Jushuitan (06687) announced the 2026 interim results, with revenue of about 615 million yuan, up 17.4% year on year; gross profit of about 470 million yuan, up 25% year on year; profit attributable to the company's equity holders was about 101 million yuan, turning a year-on-year loss into a profit; adjusted net profit of about 185 million yuan, an increase of 257.3% year on year. Earnings per share were $0.23 and the interim dividend was HK$0.20 per share.

During the period, the Group continued to strengthen the core cloud-based e-commerce SaaS product matrix to broaden product coverage and vertical industry penetration. The Group's revenue from ERP SaaS products was approximately 483 million yuan, an increase of about 12.9% over the previous year. In response to the current industry trend where e-commerce after-sales rates are rising and supply chains tend to be rational, the Group has launched procurement and sales withdrawal solutions to help merchants optimize sales, sales, and after-sales fulfillment links. At the same time, the Group continues the instant retail solution plan launched in 2025 and continues to lay out a local instant fulfillment circuit. The cross-border sector focuses on promoting the construction of a “one pallet sales global” system. It has formed a full-link closed-loop capability for domestic procurement, overseas warehouse preparation, multi-platform fulfillment, cross-border logistics, overseas three-party warehouse management, and cross-border financial accounting, continuously improving the Group's e-commerce service capabilities and product competitiveness across all business formats.

In the first half of the year, the Group's collaborative product line achieved revenue of about 113 million yuan, an increase of about 43.4% over the previous year. The Group has completed the SaaS tool layout for all e-commerce enterprise finance, customer service, operation, and procurement positions ahead of schedule, fully covering the digital needs of all functions within the enterprise. As the e-commerce industry's traffic dividends gradually subside, the focus of industry development shifts to refined operation. Demand for SaaS and AI digital transformation of jobs in e-commerce companies continues to rise, and the value of internal collaboration tools is further highlighted. In the fiscal and tax compliance product sector, along with the continuous implementation of tax compliance regulations in the domestic e-commerce industry, the demand for integrated financial tools in the market has ushered in a significant increase. E-commerce merchants urgently need an integrated SaaS system with professional implementation services to achieve omni-channel financial compliance control, simultaneously improve the ability to analyze business data, and proactively control business risks in all business processes. As of the six months ended June 30, 2026, market feedback on its core financial products such as bookkeeping and ticket gathering was outstanding, with total revenue growth exceeding 100% year-on-year in the first half of the year.

In the first half of the year, the Group completed the establishment of subsidiaries in Malaysia and Vietnam. It is expected to establish subsidiaries in Indonesia and the Philippines within the year, as well as existing Thai subsidiaries, to achieve comprehensive and complete coverage of major Southeast Asian countries. In addition to being deeply involved in the Southeast Asian market, the Group is also actively exploring potential business opportunities in Latin America, the Middle East, Africa, Europe and North America. In the six months ending June 30, 2026, international products have completed multi-dimensional iterative upgrades: innovating cloud distribution models to achieve unified inventory management and integrated item delivery operations; adding modules such as advertising and business analysis to enhance merchant marketing and data decision-making capabilities. At the same time, the ecosystem side continues to deepen multi-party cooperation and cooperate deeply with Southeast Asian e-commerce platforms, logistics service providers, financial payment companies, financial software service providers and social media platforms to provide better services to e-commerce sellers. Currently, the group has become Meta's global selected commercial partner, and the two sides will promote the implementation of more cooperative projects in the e-commerce scenario in the future.

In addition, the Group continues to promote the deep integration of AI technology with ERP and a full range of collaborative products. The company's quarterly token consumption increased by more than 300% compared to the fourth quarter of 2025. The self-developed e-commerce intelligence “Shuibao” has been iteratively launched in modules and gradually implemented for commercial use. AI capabilities have been embedded into core business workflows such as orders, inventory, products, and supply chains to carry out pilot applications. Shuibao Agent is equipped with more than 5,000 selected e-commerce vertical industry skills to support joint channels to find potential merchants, help customers use skills to complete complicated business operations such as ERP reviews, simplify complex processes, and improve operational efficiency. At the same time, Shuibao Agent's massive product knowledge base can accurately respond to various consulting needs such as product functions, project implementation, pre-sales consulting, after-sales operation and maintenance, comprehensively optimize the product user experience, and continuously strengthen the Group's product differentiation and competitive advantage.