Reconova Technologies Co., Ltd. (stock name: RECONOVA) released its unaudited interim results for the six months ended 30 June 2026.

Key Financials • Revenue rose 58.7 % year-on-year to RMB 102.10 million, driven by stronger sales across all three core segments. • Gross profit increased 89.6 % to RMB 26.74 million; gross margin expanded to 26.2 % from 21.9 %. • Net loss narrowed to RMB 64.08 million, compared with a loss of RMB 68.69 million a year earlier. • Adjusted net loss (excluding listing and share-based payment expenses) decreased to RMB 51.11 million from RMB 56.34 million. • Total assets stood at RMB 586.96 million, with a gearing ratio of 92 % (December 2025: 84 %). • Cash and cash equivalents were RMB 21.85 million, down from RMB 38.14 million at year-end 2025, mainly due to operating outflows.

Segment Performance • Intelligent Driving Safety: Revenue up 41.2 % to RMB 65.64 million (64.3 % of total), supported by installations in more than 600,000 commercial vehicles. • Intelligent Commerce: Revenue surged 95.5 % to RMB 33.64 million, reflecting broader deployment of the SINHON Business System in retail complexes. • Intelligent Civil Aviation: Revenue climbed 319.1 % to RMB 2.79 million, aided by rising average customer value for Tickway, WinGuard and AntOne products.

Cost & Expenses • Cost of sales grew 50.0 % to RMB 75.37 million, slower than revenue growth, supporting margin expansion. • R&D spending rose 51.2 % to RMB 49.82 million, mainly for commercial-robot development. • Selling and distribution expenses fell 5.3 % to RMB 15.80 million, while administrative expenses were broadly stable at RMB 30.37 million.

Balance Sheet & Cash Flow • Trade receivables declined to RMB 510.15 million from RMB 586.60 million; impairment provision reduced by RMB 5.59 million. • Interest-bearing borrowings increased to RMB 173.57 million (December 2025: RMB 151.25 million). • Net operating cash outflow totalled RMB 32.81 million; capital expenditure was RMB 0.70 million.

Corporate Developments • Reconova’s H-shares began trading on the Hong Kong Stock Exchange on 8 July 2026, raising net proceeds of approximately HKD 529.10 million, earmarked mainly for R&D (55.8 %), a new production base (26.3 %) and overseas expansion (10.4 %). • Shareholder equity declined to RMB 48.29 million due to the period’s loss. • The board did not declare an interim dividend.

Outlook Management targets continued scale-up of core verticals—intelligent civil aviation, intelligent commerce and intelligent driving safety—while accelerating R&D of embodied AI and robotics such as the AntOne baggage-handling robot and wheeled dual-arm robots slated for 2027 launch. Expansion into Middle Eastern and Southeast Asian airports is underway, with proof-of-concept projects in Qatar and Uzbekistan.

No material post-period events, other than the July listing, were reported.