BIREN TECH (06082) has announced its interim results for the six months ended June 30, 2026, revealing a dramatic surge in revenue to RMB 1.236 billion, a year-on-year increase of 1997.6%.

The company also reported a gross profit of RMB 527 million, up 2708.5% from the prior corresponding period, while research and development expenses climbed 40.7% to RMB 804 million. Despite the robust top-line growth, the company recorded a loss of RMB 377 million for the period, with a basic loss per share of RMB 0.16.

According to the announcement, the company's primary revenue streams include (i) product sales, encompassing intelligent computing solutions, software, and agency fees; (ii) support or extended warranty services; (iii) commissioned research and development services; and (iv) rental income from intelligent computing clusters. The substantial increase in revenue during the period was largely attributable to higher sales of intelligent computing solutions.

The company's financial position also saw a notable shift. For the six months ended June 30, 2025, the company recorded a net financial cost of RMB 1.008 billion, whereas for the six months ended June 30, 2026, it achieved a net financial income of RMB 19.9 million. This change was primarily driven by the discontinuation of recognizing redemption liabilities related to rights granted to investors, coupled with increased interest income from cash and cash equivalents.

Following its listing, the redemption rights granted to investors were irrevocably terminated. The carrying amount of the associated redemption liabilities was derecognized on January 2, 2026, and credited to equity attributable to owners of the company. Consequently, no gains or losses related to such redemption liabilities will be recognized going forward.