The Zhitong Finance App learned that on August 26, Shangtang (00020.HK) announced the results for the first half of 2026. The Group's total revenue was RMB 2.91 billion, up 23.4% year on year; gross profit of RMB 1.21 billion; gross profit margin was 41.4%. The Group initially disclosed recurring revenue (Recurring Revenue) of $1.14 billion, accounting for 39.3%, and achieved profit of RMB 620 million for the first time in accordance with International Financial Reporting Standards (IFRS). Among them, generative AI revenue was 2.33 billion yuan, accounting for nearly 80%; overseas business revenue increased 127% year over year, far higher than the Group's overall growth rate. The Group continues to accelerate large-scale commercial use of AI capabilities, with “a set of models, a token (token) factory, and a set of intelligent system management and control systems” as the core to push AI capabilities to complete end-to-end tasks and create high-quality commercial value.

The Zhitong Finance App learned that on August 26, Shangtang (00020.HK) announced the results for the first half of 2026. The Group's total revenue was RMB 2.91 billion, up 23.4% year on year; gross profit of RMB 1.21 billion; gross profit margin was 41.4%. The Group initially disclosed recurring revenue (Recurring Revenue) of $1.14 billion, accounting for 39.3%, and achieved profit of RMB 620 million for the first time in accordance with International Financial Reporting Standards (IFRS). Among them, generative AI revenue was 2.33 billion yuan, accounting for nearly 80%; overseas business revenue increased 127% year over year, far higher than the Group's overall growth rate. The Group continues to accelerate large-scale commercial use of AI capabilities, with “a set of models, a token (token) factory, and a set of intelligent system management and control systems” as the core to push AI capabilities to complete end-to-end tasks and create high-quality commercial value.