Youzan Technology (8083) investor relations material

Executive summary

• Achieved 7.8% year-over-year revenue growth to RMB 769.4 million for 2026H1, driven by both subscription and merchant solutions, with accelerated AI commercialization and platform evolution.

• Gross profit rose 7.9% to RMB 503.7 million, with gross margin stable at 65.5%.

• Store business emerged as a key growth driver, contributing significantly to total GMV and merchant base quality.

• Profit for the period declined 7.5% year-over-year to RMB 67.1 million, reflecting higher operating expenses and R&D investment.

• Over 20,000 merchants adopted AI solutions, with expansion into local service sectors.

Financial highlights

• Total revenue reached RMB 769.4 million, up 7.8% year-over-year for 2026H1.

• Gross profit was RMB 503.7 million, up 7.9% year-over-year, with a gross margin of 65.5%.

• Adjusted EBITDA was RMB 73 million, with a margin of 9%.

• Operating cash flow stood at RMB 47.1 million; cash balance was RMB 783.3 million.

• Store GMV reached RMB 28.8 billion, up 13% year-over-year, representing 56% of total GMV.

Outlook and guidance

• Plans to further accelerate revenue growth while maintaining profit margins and expanding AI commercialization.

• Continued investment in R&D to enhance AI-driven merchant solutions.