Jinxin Technology management says H1 2026 revenue drop driven by weaker telecom distributor membership card sales

Bitget2026/09/22 12:39

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Management commentary: revenue fell 31.8% to RMB 142.1 million for the six months ended June 30, 2026, led by weaker distributor sales.
Licensing revenue from content aggregators and distributors dropped 44.8% to RMB 79.9 million, tied to lower membership card sales via carrier internet channels.
Subscription revenue from individual users declined 33.3% to RMB 19 million, reflecting fewer regular paying users while new publishing-partner users stayed in trial.
Content sold to hardware manufacturers rose 44.8% to RMB 20.7 million on higher technology service revenue from digitalizing paper-based textbooks.
Gross margin widened to 19.6% from 14.9%; net loss narrowed to RMB 10.5 million from RMB 21.1 million on lower costs and R&D spend.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jinxin Technology Holding Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-101993), on September 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Jinxin Technology management says H1 2026 revenue drop driven by weaker telecom distributor membership card sales

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