Hanshow Posts H1 Revenue of RMB 2.907 Billion, Net Profit Up 51.22%

Hanshow Technology disclosed its 2026 interim results on the evening of August 25. During the reporting period, the company achieved revenue of RMB 2.907 billion, up 47.23% year on year; net profit attributable to shareholders of listed company reached RMB 336 million, up 51.22%; basic earnings per share stood at RMB 0.799; and net cash flow from operating activities was RMB 774 million, up 1285.75% year on year. During the period, large customers executed major orders. The company's core operating metrics continued to grow, with revenue ranking second among listed peers globally.

As the company's core smart hardware product, electronic shelf labels saw sustained strong global demand during the reporting period. According to DiXian data, global electronic shelf label shipments reached 270 million units in the first half of 2026, up 19.3% year on year. Building on its electronic shelf label business, the company's smart shopping cart solution entered the phase of large-scale deployment. In the first quarter of 2026, the company signed a sales intention agreement with Australian supermarket chain Woolworths to deliver 10,800 smart shopping cart systems to approximately 300 stores in the initial phase. The company's controlled subsidiary Xi'an Chaohai has cumulatively shipped over 30,000 smart shopping carts. In April 2026, the company launched its NexMate smart robot solution, comprising two product lines: the SPatrol intelligent inspection robot and the Spure intelligent cleaning robot. These solutions are currently being piloted at supermarket customers both domestically and overseas.

The company initiated its "Hanshow 2.0" strategy in 2025, establishing "AI x Data" as the core strategic direction, upgrading from an electronic shelf label system supplier to a comprehensive service provider. In June 2026, the company, together with Microsoft, launched xPilot, a one-stop real-time store intelligence execution platform in Singapore. The platform is AI-centric, built on a digital twin foundation, and employs a collaborative architecture combining retail-specific small models with general large language models. In July, the company signed a long-term global strategic cooperation agreement with Microsoft in Seattle, deepening collaboration in areas such as physical AI, store digital twins, and Azure cloud services. In June 2026, UK retailer Tesco signed a multi-year strategic agreement with the company, planning to deploy electronic shelf label solutions across approximately 3,000 stores. To date, the company has signed contracts with more than 30 of the global top 100 retail customers.