Kingwisoft Technology Group Company Limited (KINGWISOFT TECH) reported FY 2026 results for the year ended 31 March 2026, highlighting moderate top-line growth, a sharply higher gross margin and a reduced net loss, alongside a reshuffle of its independent non-executive directors (INEDs).

Financial highlights • Revenue rose 5.5% to RMB 1.31 billion, driven by a 6.7% increase in core back-office services to RMB 1.27 billion, which contributed 97% of total revenue. Data-centre services added RMB 35.91 million, up 36.0%. • Gross profit more than doubled to RMB 105.42 million (FY 2025: RMB 40.77 million), pushing the gross margin to 8.0% from 3.3% a year earlier. • Loss attributable to shareholders narrowed to RMB 148.36 million from RMB 207.73 million, aided by the absence of goodwill impairment (FY 2025: RMB 56.74 million). • Basic loss per share improved to RMB 3.11 cents (FY 2025: RMB 4.35 cents). • No dividend was proposed.

Cost and expense trends • Cost of services inched up 0.3% to RMB 1.20 billion. • R&D spending increased 7.3% to RMB 64.63 million, while administrative expenses surged 32.3% to RMB 126.75 million as the company expanded data-service capabilities and upgraded infrastructure. • Finance costs were broadly flat at RMB 19.55 million. • Net impairment charges on financial assets rose to RMB 27.38 million; an additional RMB 23.45 million was written off against an associate investment.

Balance-sheet developments • Total assets declined to RMB 925.13 million (-10.1%), with net assets at RMB 468.55 million (-24.1%). • Cash, pledged deposits and restricted cash totalled RMB 117.81 million. • Interest-bearing bank and other borrowings expanded 14.8% to RMB 269.39 million, lifting the gearing ratio to 57.5% from 38.0%. • The current ratio softened to 3.8 from 4.8.

Operational metrics • Self-operated contact-centre workstations increased by 3,778 to 22,791. • Headcount rose to 15,575 (FY 2025: 14,377); staff costs reached RMB 942.01 million.

Board and governance changes • INEDs Mr. Zeng Liang and Mr. Yang Hongjun resigned to pursue other commitments. • Ms. Tian Wenyu and Mr. Jiang Ning were appointed as INEDs effective 26 June 2026; Ms. Tian takes over as remuneration-committee chair, while both join the audit and, for Mr. Jiang, nomination committees. • The company affirmed full compliance with the HKEX GEM Corporate Governance Code during the period.

Outlook Management reiterated a strategic pivot toward higher-margin data services, deeper AI integration and continued expansion of multi-city contact-centre capacity to capture demand from internet, finance and telecom clients. The board emphasised cost control, technology-driven efficiency and enhanced compliance as priorities for FY 2027.