SUNMI TECH-W (06810) released its mid-term results, with revenue of 1.762 billion yuan, a year-on-year growth of 25.8%.
Sangmi Technology-W (06810) announced its performance for the six months ended June 30, 2026. During this period, the group's revenue was RMB 1.762 billion, a year-on-year increase of 25.8%; gross profit was RMB 566 million, an increase of 26.4% compared to the previous year; research and development expenses were RMB 216 million, up by 3.5%; and the loss attributable to shareholders was RMB 69.996 million, with a basic loss per share of RMB 0.19.
SUNMI TECH-W (06810) announced its performance for the six months ending June 30, 2026. During this period, the group's revenue was RMB 1.762 billion, a year-on-year increase of 25.8%; gross profit was RMB 566 million, up 26.4% year-on-year; research and development expenses were RMB 216 million, an increase of 3.5% year-on-year; and the loss attributable to shareholders was RMB 69.996 million, with a basic loss per share of RMB 0.19.
The company continues to maintain its leading position in the global business Internet of Things (BIoT) market. The comprehensive solution offered by the company"smart devices + SUNMI OS + Platform as a Service (PaaS)"has become the preferred choice for tens of thousands of developers and tens of millions of merchants worldwide, increasingly becoming one of the key infrastructures for global business digitization, facilitating the interconnectedness of offline commerce and smart business decision-making.
During this period, the revenue growth was primarily due to (i) increased revenue from existing and new customers' repeat purchases; (ii) additional revenue generated from the continued sales of existing products and new products such as FLEX and CPad; and (iii) an increase in the average selling price of certain products.
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