Inmyshow Digital Technology Group Co Ltd

Tianxiaxiu (600556.SH) released its 2026 interim report. Total operating revenue was 2.252 billion yuan, and net profit attributable to the parent company was negative 68.4455 million yuan, swinging from profit to loss, a decrease of 105 million yuan compared with the same period last year, down 288.14% year-on-year. Net cash flow from operating activities was negative 670 million yuan, a decrease of 484 million yuan from the same period last year. The company's asset-liability ratio was 31.75%, gross margin was 11.99%, ROE was negative 1.83%, and diluted earnings per share was negative 0.04 yuan. The number of shareholders was 139,200, and the top ten shareholders held 42.82% of the total share capital.

INMYSHOW Digital Technology Group released its 2026 semi-annual financial report, with total operating revenue of 2.252 billion yuan in the first half, up 22.13% year-on-year. Second-quarter revenue rose 39.98% quarter-on-quarter and 38.68% year-on-year to 1.314 billion yuan. The company posted a net loss of 68.45 million yuan in the first half, citing macroeconomic pressure and intensifying industry competition that caused a phased decline in gross margin, while its core business foundation remained solid. As of the end of the first half, the WEIQ platform had accumulated 228,500 registered merchant clients and 4.356 million registered influencer accounts, including 2.621 million professional influencers, with 21,538 MCN agencies onboard. Mid-tier and long-tail influencers contributed 85.6% of revenue. In its global expansion, the IMsocial Tokyo incubator operated by its Tokyo subsidiary has signed more than 60 Chinese creators based in Japan and manages the overseas operations of the virtual music creator IP SIO, which has released five singles and one album.

INMY Show issued an announcement, expecting a half-year loss of 50 million to 70 million yuan for 2026, and a loss of 55 million to 75 million yuan after deducting non-recurring items, compared with a net profit attributable to the parent of 36.38 million yuan in the same period of 2025. The company attributed the swing from profit to loss to macroeconomic pressure and intensified industry competition, with proactive adjustments to its business strategy leading to a decline in overall gross margin, though operating revenue grew year on year, with significant growth in the second quarter. Earlier, INMY Show submitted its prospectus to the Hong Kong Stock Exchange on January 5, and its Hong Kong IPO prospectus lapsed on July 5. The company's performance has been declining in recent years, with revenue falling from 4.202 billion yuan in 2023 to 3.904 billion yuan in 2025, net profit dropping from 180 million yuan in 2022 to 30.8663 million yuan in 2025, and net profit after deducting non-recurring items turning negative in 2025. Entering 2026, the downward trend has not stopped, with net profit of 3.2239 million yuan, down 75.82 percent year on year, and net profit after deducting non-recurring items of 2.857 million yuan, down 77.95 percent year on year.

Tianxiaxiu disclosed its earnings forecast, expecting a net loss attributable to the parent of 50 million to 70 million yuan in the first half of 2026, compared with a profit of 36.3792 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 55 million to 75 million yuan, compared with a profit of 32.2379 million yuan in the same period last year. The company stated that the macroeconomic environment is under pressure and industry competition has intensified. It proactively adjusted its business strategy to match the phased needs of some key clients, leading to a decline in overall gross margin. However, operating revenue increased year-on-year, with significant growth in the second quarter both year-on-year and quarter-on-quarter. The company has formulated multiple optimization plans to improve quality and efficiency internally, expand service categories externally, and advance its global expansion.