BYBON Group Co Ltd Class A

Baibang Technology released its 2026 interim report on August 27. First-half operating revenue was 145 million yuan, down 38.0 percent year on year. The net loss attributable to the parent company was 6.84 million yuan, narrowing from a loss of 9.55 million yuan in the same period last year. The net loss attributable to the parent company after deducting non-recurring items was 6.79 million yuan, down from a loss of 9.73 million yuan a year earlier. Net operating cash flow was negative 14.77 million yuan, an improvement of 23.6 percent year on year. Earnings per share were negative 0.0535 yuan. In the second quarter, operating revenue was 53.79 million yuan, down 56.6 percent year on year, and the net loss attributable to the parent company was 2.14 million yuan, narrowing from a loss of 4.85 million yuan in the same period last year. As of the end of the second quarter, total assets were 106 million yuan, down 13.3 percent from the end of the previous year, and net assets attributable to the parent company were 63.67 million yuan, down 9.7 percent from the end of the previous year. The company said its core business is advancing steadily. In its Apple repair business, it actively undertook Apple's special promotional program for battery replacement for the iPhone 13 series at 399 yuan. In online marketing, its Douyin group-buying business achieved a gross merchandise volume of 80 million yuan in the first quarter of 2026, a record high. Although the supply rhythm of key upstream components affected the settlement conversion of the special program, the company leveraged its qualification as a major independent repair provider and the synergy between online customer acquisition and offline fulfillment to drive store traffic, while adjusting its alliance business strategy to respond to market competition.

Bybon Technology announced that its application to issue shares to specific investors has been accepted by the Shenzhen Stock Exchange. The exchange reviewed the application documents submitted by the company for its 2026 share issuance to specific investors, determined that the documents were complete, and decided to accept the application. The matter still needs to pass review by the Shenzhen Stock Exchange and obtain a registration decision from the China Securities Regulatory Commission before it can be implemented. Whether it will ultimately pass review and receive the registration decision, as well as the timing, remains uncertain.

Baibang Technology has elected a new board of directors and senior management team, with Chen Zhu appointed as chairman and general manager. The company held its second extraordinary general meeting of 2026 on July 29, electing Chen Zhu, Jia Ru, and Liu Tiefeng as non-independent directors, and Ye Ling and Xu Zhijian as independent directors, forming the sixth board of directors for a three-year term. At the same time, Xu Wenxian was appointed as deputy general manager, Chen Liya as chief financial officer, Jia Ru concurrently as board secretary, and Gao Hongwei as securities affairs representative. The company's actual controller, Chen Zhu, serves as both chairman and general manager, aiming to improve decision-making efficiency. In the first quarter of 2026, Baibang Technology achieved revenue of 91.23 million yuan and a net loss attributable to the parent company of 4.7 million yuan.