Beijing Huaru Technology Co. Ltd.

Huaru Technology disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 180 million yuan, up 74.81% year on year. Net profit attributable to the parent company improved by 25.11% compared with the same period last year, and the loss narrowed significantly. The revenue growth mainly came from the digital-intelligent testing segment, which achieved revenue of 129 million yuan, up 1,645.56% year on year. Technology development revenue reached 150 million yuan, up 1,262.08% year on year, and its share of total revenue rose to 83.33%. The company's operating cash flow improved by 45.78% year on year, selling expenses fell 30.70% year on year, and research and development expenses reached 90.3157 million yuan, up 10.21% year on year. As of the end of the reporting period, the company and its subsidiaries had obtained a total of 199 patents and 536 computer software copyrights.

Huaru Technology has recently seen its stock price recover and rebound, with market attention on its core capabilities of military large model plus intelligent simulation plus data foundation continuing to heat up. The company has clearly upgraded its main business to military intelligence, using the XSimVerse military large model as its foundation, combined with self-developed AI tools such as intelligent simulation and digital battlefield, to deliver solutions in areas like intelligent decision-making and virtual training. During institutional research, the company emphasized that simulation systems serve as an incubator and testbed for artificial intelligence, achieving model iteration through a closed loop of training, deduction, and feedback. The company has been included in the spatiotemporal big data concept, with its digital battlefield environment product XSimWorld integrating modeling and simulation, spatiotemporal big data, virtual reality, and artificial intelligence technologies to provide refined battlefield environment services. On the operational front, new contracts signed in 2025 amounted to 366 million yuan, with revenue of approximately 303 million yuan, a year-on-year increase of about 21 percent. In the first quarter of 2026, revenue was approximately 123 million yuan, a year-on-year increase of over 220 percent. This round of stock price recovery is seen as an initial reassessment by the market of the company's long-term growth value.