Maifushi H1 Revenue Up 111% to RMB1.96B, Net Profit Jumps 466%
Maifushi (02556. HK) reported first-half 2026 revenue of RMB 1.96 billion, up 111.2% year-on-year, with AI application revenue of RMB 1.13 billion, up 123.7%. Net profit rose 466.1% to RMB 200 million, while operating cash flow reached RMB 500 million. The stock gained nearly 10% on Aug 14, closing at HK$53.3, up 9.67%, after intraday gains of nearly 14%. The company is transitioning to a token-economy model, with subscription revenue in AI growing 41.9% to RMB 559 million.
Shares of Maifushi (02556. HK) rose nearly 14% intraday on Aug 14, and were up nearly 10% at the close, finishing at HK$53.3, a gain of 9.67%, with turnover exceeding HK$500 million. The move followed the company's earnings report released the previous day.
On Aug 13, Maifushi reported first-half 2026 results. Total revenue reached RMB 1.96 billion, up 111.2% year-on-year. AI application revenue was RMB 1.13 billion, a 123.7% increase. Net profit rose 466.1% to RMB 200 million, and operating cash flow turned to a net inflow of RMB 500 million.
The company is shifting from traditional software subscriptions to a token-economy model. Within its AI application business, time-based subscription revenue was RMB 559 million, up 41.9% year-on-year. These figures reflect progress in its AI application segment and overall financial performance.