Beijing Digital Telecom Co., Ltd. (BJ DIGITAL) reported interim results for the six months ended 30 June 2026.

Revenue and Volume • Revenue increased 4.32% year-on-year to RMB8.57 billion, driven by a 28.71% rise in handset volume to 2.06 million units. • Sales of mobile devices and accessories contributed 97.64% of total revenue, up 15.73% to RMB8.37 billion. • Photovoltaic-equipment sales collapsed 97.85% to RMB14.32 million following policy changes that slowed industry demand.

Profitability • Gross profit fell 17.35% to RMB246.71 million; gross margin contracted to 2.88% from 3.63% on higher inventory costs and muted offline demand. • Net loss attributable to shareholders widened 41.40% to RMB108.37 million. • Basic loss per share increased to RMB0.12 from RMB0.09. • Other income dropped 37.92% to RMB26.51 million as interest income declined. • Selling and distribution and administrative expenses fell 5.80% and 1.68% respectively, while finance costs declined 10.59% to RMB85.93 million.

Balance Sheet and Liquidity • Current assets stood at RMB6.84 billion; current liabilities at RMB8.19 billion, leaving net current liabilities of RMB1.35 billion and a current ratio of 0.83. • Cash and cash equivalents were RMB1.85 billion alongside pledged deposits of RMB1.88 billion. • Interest-bearing borrowings totaled RMB6.92 billion, of which 95% mature within one year. • Gearing ratio rose to 139.94%, and net debt-to-equity remained negative at –175.56% due to negative equity. • Capital expenditure was modest at RMB6.49 million.

Dividend No interim dividend was declared.

Corporate Developments On 13 July 2026, executive director Mr. Liu Donghai was suspended after being placed under investigation by authorities.

Outlook (Management Commentary) Management plans to offset market headwinds by consolidating subsidy resources, scaling new businesses such as equipment rentals and smart-product distribution, and pursuing cost-efficiency initiatives in the second half of 2026.