Tianju Dihe (Suzhou) Technology Co., Ltd. (TIANJUDIHE) released its 2026 interim results, revealing a swing to a RMB 4.67 million net loss for the six months ended 30 June 2026, versus a RMB 5.33 million profit a year earlier.

Revenue fell 27.0% year on year to RMB 180.17 million, dragged down by a 30.8% slide in flagship API marketplace query sales to RMB 162.40 million. Management cited the prolonged share-trading suspension—which led key customers to scale back orders—as a principal headwind. Despite lower top-line, gross profit climbed 13.9% to RMB 54.60 million, lifting gross margin to 30.3% (1H25: 19.4%), thanks to improved profitability in the query and top-up businesses.

Segment-wise, data management solutions delivered RMB 13.21 million, up 51.7%, while newly launched AI smart-glasses contributed RMB 0.33 million. SMS notice revenue contracted 52.9% to RMB 0.76 million as the company trimmed that line to conserve resources.

Operating expenses rose sharply: selling and distribution costs increased 43.9% to RMB 14.34 million, research & development spending jumped 87.5% to RMB 13.55 million—largely attributable to AI glasses development—and administrative expenses edged up 10.1% to RMB 25.00 million on resumption-related professional fees. Other income swung to a RMB 2.38 million loss, hurt by forex movements and fair-value adjustments.

Total assets slid 2.4% to RMB 1.11 billion, while cash and cash equivalents shrank 54.7% to RMB 84.98 million following heavy operating outflows of RMB 92.02 million. Net assets eased 2.1% to RMB 982.85 million; gearing stayed modest at 11.2%.

No interim dividend was declared. IPO proceeds of HK$344.00 million remain partially unspent; management targets full deployment by end-2026.

Operationally, TIANJUDIHE advanced its AI and data offerings, launching three Jove series smart-glasses and securing government and enterprise digitalization projects. The company also initiated an EPC contract post-period-end, budgeting RMB 101.87 million for a new production headquarters.

Shares have been suspended since September 2024. The Hong Kong Stock Exchange has set a resumption deadline of 30 September 2026. Management changes—including the resignation of former Chairman and CEO Zuo Lei and the appointment of Wang Haojin to both roles—aim to address governance concerns. Independent forensic and internal-control reviews have been completed; results were announced on 14 September 2026 as part of the resumption roadmap.