XTALPI (02228) has published its interim results for the six months ended June 30, 2026, recording revenue of 394 million yuan (RMB).

The company's research and development expenses reached 368 million yuan, reflecting a substantial year-on-year increase of 66.05%. Meanwhile, the loss attributable to shareholders stood at 252 million yuan, with a basic loss per share of 6 fen.

According to the announcement, the decline in revenue compared to the prior year is primarily due to a significant pipeline licensing income recognized in the same period last year, which established a higher comparison base. Excluding this impact, the company's revenue achieved rapid growth, surging by 73.8% year-on-year.