BAIWANG CO (06657) announced its interim results for the six months ended June 30, 2025, reporting revenue of 348 million yuan (RMB), representing a year-over-year increase of 23.45%. Gross profit reached 162 million yuan, up 46.84% compared to the same period last year. The company achieved a profit attributable to shareholders of 3.717 million yuan, marking a turnaround from the loss of 446 million yuan attributable to shareholders in the corresponding period of the previous year. Basic earnings per share stood at 0.02 yuan.

According to the announcement, the group's cloud-based financial and tax compliance solutions encompass invoice compliance management solutions, financial and tax management solutions, and supply chain collaboration solutions, which can be subscribed individually or in combination. Revenue generated from the group's cloud-based financial and tax digitalization solutions increased by 16.3% from 95.6 million yuan for the six months ended June 30, 2024, to 111 million yuan for the six months ended June 30, 2025. This growth was primarily driven by enhanced product competitiveness and business volume expansion in financial and tax management solutions and invoice compliance management solutions, powered by AI capabilities.

As of June 30, 2025, the company has cumulatively processed approximately 23.1 billion invoices, corresponding to total transaction value of 105.51 trillion yuan. The company serves over 90.7 million taxpayer identification number customers, covering 2,825 group-type enterprise clients and 28.5 million small and medium-sized enterprise customers. The core business achieved steady growth, with further enhancement in customer trust and market penetration.