MiningLamp-W (02718) reported a year-on-year revenue growth of 18.02% in the first half of the year, reaching approximately 760 million yuan, with its intelligent entity business experiencing a sixfold surge.

MININGLAMP-W (02718) announced its interim results for 2026, with revenue of approximately 760 million yuan, an increase of 18.02% year-on-year; gross profit of about 390 million yuan, a year-on-year increase of 8.31%; and a loss of 64.227 million yuan, narrowing by 68.5% compared to the same period last year. Among these, revenue from intelligent service business grew by approximately 605.7% year-on-year to 171 million yuan, serving as the main driver of revenue growth. The company leverages its self-developed AI agents, focusing on the core needs of clients in social media marketing, extending AI capabilities from strategic planning to content creation and execution, with core delivery oriented towards achieving clients' key performance indicators, thus shifting the service model from process output to result-driven outcomes. The deep application of AI technology has significantly enhanced the productivity of the delivery team, resulting in rapid client growth and further validating the commercial viability of the pay-for-performance model. In terms of data intelligence services, revenue from marketing intelligence services increased by 4.2% year-on-year to 344 million yuan, primarily benefiting from the contribution of new products and services during the reporting period. In an overall cautious environment regarding corporate marketing investments, marketing intelligence services still achieved positive growth, reflecting a certain rigidity in clients' demand for quantifiable marketing results. Operational intelligence services generated revenue of 243 million yuan, with the smart store operation system covering over 75,000 offline stores, and the management scale continuing to expand. The announcement stated that the narrowing of losses was mainly due to substantial non-cash items such as changes in the fair value of preferred shares, warrants, and convertible notes in the same period last year, with such impacts significantly diminishing during the reporting period, and the company's capital structure continuing to optimize. At the same time, the company remains committed to future-oriented investments, with research and development expenses in the reporting period increasing by 52.3% year-on-year to 229 million yuan, deeply advancing the research and productization process of models and intelligent agents. The company will continue to adhere to a technology-driven and innovation-led development path, deepen its digital transformation layout, and continuously enhance operational efficiency. During the reporting period, the company insisted on independent innovation in core technologies and launched the world's first open-source trusted agent collaboration network, Octo, promoting the open-source development of edge models, with the self-developed Scaling Out edge inference solution achieving phased progress. In the field of embodied intelligence, the company focuses on visual-language models (VLM) and visual-language-action models (VLA), continuously tackling key technologies in multimodal perception, intelligent reasoning, and planning, while laying out forward-looking technological capabilities for interaction between intelligent agents and the physical world. The first AI-native hardware, Octic, has been launched in response, with continuous improvement in technological capabilities and product systems, solidifying the foundation for the large-scale implementation of intelligent agents. Deeply understanding the changing demands of enterprises for cost reduction and efficiency enhancement, the company accurately responds to client needs with a pay-for-performance model, helping clients allocate cautious budgets to achieve guaranteed returns, thus validating the forward-looking nature of its business model amidst challenging conditions. In terms of capital operations, the company officially entered the Hong Kong Stock Connect on June 2, 2026, further smoothing market participation channels; on July 29, 2026, it signed an acquisition agreement and obtained a 19.07% stake in Pansoft (300996.SZ) through a negotiated transfer, deeply integrating AI capabilities with industry accumulation for mutual empowerment, thereby significantly enhancing the breadth and depth of the company's services in the intelligent transformation of the real economy, comprehensively unfolding its strategic layout towards new forms of the intelligent economy.