NANCHANG, China, March 30, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. $(RYET)$ ("Ruanyun" or the "Company"), an innovative artificial intelligence ("AI") driven education technology company focused on developing and delivering AI-enabled digital education platforms, including intelligent learning tools, assessment platforms, and adaptive learning systems, today announced its unaudited interim financial results for the six months ended September 30, 2025.
1H 2026 (Six Months Ended September 30, 2025) Unaudited Interim Financial Highlights
-- Our revenue was $366,256 for the six months ended September 30, 2025,
compared with $4,109,689 for the six months ended September 30, 2024,
representing a decrease of 91.1%.
-- Gross margin was 26.2% for the six months ended September 30, 2025,
compared with 42.1% for the six months ended September 30, 2024.
-- Our net loss was $4,569,013 for the six months ended September 30, 2025,
compared with net loss of $680,241 for the six months ended September 30,
2024.
Management Commentary
Ms. Maggie Fu, Chief Executive Officer of Ruanyun, commented, "The decline in revenue reflects challenging domestic market conditions driven by regulatory changes and broader economic deceleration in China. We have proactively responded by strategically realigning our business toward international markets, establishing a global operational platform beyond our traditional geographic concentration. While this strategic transformation has temporarily impacted our margins, we believe these investments in international expansion and product portfolio optimization position Ruanyun for a broader and more global future."
About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. is an innovative AI-driven education technology company focused on developing and delivering AI-enabled digital education platforms, including intelligent learning tools, assessment platforms, and adaptive learning systems. For more information, please visit: ruanyun.net and investors.ruanyun.net.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." The words "anticipate," "believe," "continue," "could," "estimate," "expect, " "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to market conditions. Any forward-looking statements contained in this press release speak only as of the date hereof, and Ruanyun Edai Technology Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
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RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
As of As of
September 30, March 31,
---------------- ---------------
2025 2025
---------------- ---------------
Assets
Current assets
Cash $ 2,668,147 $ 673,397
Restricted cash 112,417 125,561
Accounts receivable, net 1,490,274 3,310,143
Due from related parties 16,969 11,410
Inventories 62,770 59,077
Deferred contract costs 307,983 63,392
Prepaid expenses and other current
assets 4,635,548 35,923
Deposit for long-term investment 4,200,000 --
----------- -----------
Total current assets 13,494,108 4,278,903
----------- -----------
Non-current assets
Property and equipment, net 470,847 460,314
Capitalized software development
cost, net 137,164 202,166
Deferred offering cost -- 838,804
Long term deposits 80,214 94,811
----------- -----------
Total non-current assets 688,225 1,596,095
----------- -----------
Total assets $ 14,182,333 $ 5,874,998
=========== ===========
LIABILITIES
Current liabilities
Short-term bank loans $ 4,282,905 $ 4,408,340
Accounts payable 429,649 1,075,456
Deferred revenue 204,594 135,737
Due to related parties 46,012 43,289
Accrued expenses and other
liabilities 2,168,951 718,327
----------- -----------
Total Current and Total Liabilities 7,132,111 6,381,149
----------- -----------
COMMITMENTS
EQUITY
Ordinary shares ($0.0002 par value,
5,000,000,000 shares authorized,
33,750,004 and 30,000,004 shares
issued and outstanding as of
September 30, 2025 and March 31,
2025) 6,750 6,000
Additional paid-in capital 27,190,636 15,210,301
Accumulated deficit (20,192,106) (15,630,351)
Accumulated other comprehensive
income 390,515 252,250
----------- -----------
Total Ruanyun Edai Technology
Inc.'s shareholders' equity
(deficit) 7,395,795 (161,800)
Non-controlling interest (345,573) (344,351)
----------- -----------
Total Equity (Deficit) 7,050,222 (506,151)
Total liabilities and equity
(deficit) $ 14,182,333 $ 5,874,998
=========== ===========
RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND
COMPREHENSIVE LOSS
For the Six Months Ended September 30,
------------------------------------------------
2025 2024
------------------------ ----------------------
REVENUE $ 366,256 $ 4,109,689
COST OF REVENUE (270,367) (2,378,330)
---------------- ---------------
GROSS PROFIT 95,889 1,731,359
OPERATING EXPENSES
Selling expenses (910,724) (1,027,469)
General and
administrative
expenses (2,434,355) (749,799)
Research and development
expenses (455,866) (513,461)
Total operating expenses (3,800,945) (2,290,729)
Loss from operations (3,705,056) (559,370)
Interest expense, net (34,358) (121,058)
Government subsidy 1,164 --
Other income (expense),
net (830,763) (187)
LOSS BEFORE INCOME TAXES (4,569,013) (680,241)
Income tax expenses -- --
NET LOSS (4,569,013) (680,241)
Net loss attributable to
non-controlling
interests (7,258) (63,337)
---------------- ---------------
NET LOSS ATTRIBUTABLE TO
RUANYUN SHAREHOLDERS (4,561,755) (616,904)
================ ===============
COMPREHENSIVE LOSS
Net loss (4,569,013) (680,241)
Foreign currency
translation adjustment (144,301) (17,062)
---------------- ---------------
Comprehensive loss (4,713,314) (697,303)
Less: comprehensive loss
attributable to
non-controlling
interests (13,294) (69,007)
---------------- ---------------
COMPREHENSIVE LOSS
ATTRIBUTABLE TO RUANYUN
SHAREHOLDERS $ (4,700,020) $ (628,296)
================ ===============
Loss per ordinary share
- basic and diluted $ (0.14) $ (0.02)
================ ===============
Weighted average number
of shares - basic and
diluted 33,586,070 30,000,004
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