Yuanguang Technology (02605) released 2026 interim results, net loss narrowed sharply, focused on user experience, and promoted “Here Comes the Car” mainstream app store ratings increased by about 8.4%

According to the Zhitong Finance App, Yuanguang Technology (02605) announced its interim results for the six months ended June 30, 2026. During the reporting period, the company made it a business priority to stabilize the core product “Here Comes the Car” product and user base, and continued to optimize the product experience and operation strategy around user needs.

In terms of operating data, the cumulative number of “Here Comes the Car” users increased 6.1% from the end of 2025 to 354.1 million, and the average number of monthly active users during the reporting period increased 6% year-on-year to 32 million. The company continues to optimize online and offline linkage products and expansion plans in response to differences in travel needs in different cities, and the user base continues to grow.

Facing increased competition in the mobile Internet market, the company always adheres to the concept of prioritizing user experience and actively adjusts some advertising positions and display frequency in stages to reduce advertising interference with user use and continuously improve the product experience. The relevant adjustments will have a certain impact on mobile advertising revenue in the short term, but the company believes that continuously improving the user experience is an important foundation for enhancing product competitiveness, increasing user stickiness, and achieving long-term sustainable growth. The relevant measures have achieved positive results. The average rating of “Here Comes the Car” in the six mainstream app stores during the reporting period increased from 3.78 in January 2026 to 4.10 in June, an increase of about 8.4%, and the user experience and product reputation have improved markedly. As the product experience continues to be optimized and the advertising frequency gradually stabilizes, the company is expected to further release the long-term value of the product.

On the financial side, revenue for the period was RMB 92 million, down 5.1% year on year, and gross margin was 74.6%. Net loss narrowed sharply from RMB 125 million to RMB 5.03 million in the same period last year; adjusted net profit of RMB 13.1 million, a year-on-year decrease of 53.6%, mainly affected by declining revenue and termination compensation related to phased personnel structure optimization.

The company said that in the second half of the year, the focus is on monetization efficiency and revenue structure. It will optimize advertising inventory pricing and delivery accuracy through artificial intelligence algorithms, expand the cooperative network of programmatic advertising platforms, develop long-standing advertisers, and continue to carefully balance product usage experience with commercialization efficiency. On the user side, “Here Comes the Car” will continue to deeply cultivate third-tier cities and below, and gradually open up functions such as natural language interaction as the filing process progresses to promote the evolution of products into smart travel assistants. Furthermore, in the direction of autonomous buses (Robobus), the company promotes Robobus operation support platform research and development, improves platform capabilities around operation support scenarios; and uses AI native organizations to promote the integration of AI-agents into R&D, testing and collaboration to improve organizational efficiency.