Baiwang (HKG:6657) reported a profit attributable to owners of 3.7 million yuan for the first half of 2025, compared with a loss of 445.5 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.

Shares of the enterprise digitalization solutions provider gained nearly 2% in late-morning Thursday trade.

Earnings per share came in at 0.02 yuan, compared with a loss per share of 3.18 yuan a year earlier.

Revenue rose nearly 24% to 347.6 million yuan, from 281.6 million yuan in the prior-year period.

The board did not declare an interim dividend.