On August 31, UNISOUND rose 18.08% in regular trading, trading at HKD 76.4/share, with turnover of HKD 552 million. The rally was driven by the company's stronger-than-expected interim results released on August 28.

UNISOUND reported H1 revenue of RMB 562 million, up 38.7% year-over-year, with gross margin improving to 33.1%. The standout was its Token business, which generated nearly RMB 30 million in revenue, surging 760% year-over-year. Notably, Q2 alone contributed over RMB 25 million, representing sequential growth exceeding 500%, with gross margins above 60%. This growth was primarily driven by USD-denominated revenue, signaling that the pay-per-token API model is gaining commercial traction. Enterprise intelligent services contributed RMB 478 million, up 35.7%, while edge AI revenue reached approximately RMB 53.8 million. The net loss ratio narrowed by over 31 percentage points year-over-year. Additionally, the company recently launched its U2-RadiMed medical imaging multimodal model and secured two municipal-level AI platform contracts totaling over RMB 20 million.

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