BIREN TECH published its interim results for the first half of 2026 on August 28, revealing a dramatic surge in financial performance. Revenue for the period reached 1.236 billion yuan, marking a substantial year-on-year increase of 1,997.6%. The company's gross margin improved significantly to 42.7%, reflecting a rise of 1,080 basis points compared to the previous year.

During the reporting period, research and development expenses totaled 804 million yuan, up 40.7% from the prior year. The company successfully narrowed its net loss to 377 million yuan, a reduction of 76.4% year-on-year. On an adjusted basis, excluding certain non-IFRS measures, the loss stood at 337 million yuan, representing a 38.9% improvement in loss reduction.

In the first half of 2026, sales of BIREN TECH's Bili series products continued to expand, with multiple landmark projects successfully implemented. By the end of the reporting period, the company's client base had grown to include leading internet enterprises, AI model developers, national-level AI computing platforms, AI data centers, and telecommunications operators. Additionally, the client portfolio spans various sectors including AI solutions, manufacturing, energy and utilities, fintech, and education, along with government and enterprise customers.

BIREN TECH emphasized that it has completed the supplier qualification process for major internet customers and has begun batch product deliveries, opening up greater opportunities for revenue growth. The company has also secured ample production capacity across its critical supply chain, further strengthening its resource base and end-to-end operational capabilities. These measures position the company well for the mass production of next-generation products and timely customer deliveries.

As of June 30, 2026, BIREN TECH's inventory balance stood at 1.215 billion yuan, an increase of 28.1% compared to the end of 2025. Prepayments related to inventory and services reached 1.534 billion yuan, up 230.0% from the end of 2025. These figures provide a solid foundation for addressing robust downstream demand while ensuring supply chain security.

Furthermore, on July 8, 2026, the company completed an H-share placement, issuing 153 million new H-shares and raising net proceeds of approximately 7.04 billion Hong Kong dollars. This capital injection further supports BIREN TECH's strategic procurement initiatives and strengthens its supply chain capabilities.