Beijing Vastdata Technology Co Ltd

Vastdata released its 2026 interim report. The company's total operating revenue was 192 million yuan, down 17.37% year-on-year. Net profit attributable to the parent was negative 94.8395 million yuan, with the loss widening compared with the same period last year, earning 50.1321 million yuan less year-on-year. Net cash flow from operating activities was negative 102 million yuan, down 544.09% year-on-year. The company's asset-liability ratio was 24.60%, gross margin was 37.00%, ROE was negative 12.44%, and diluted earnings per share was negative 0.32 yuan. The number of shareholders was 30,300, and the top ten shareholders held 51.35% of the total share capital.

Vastdata's board of directors has approved an adjustment to its 2026 A-share private placement plan, reducing the total amount to be raised from no more than 701.61 million yuan to no more than 613.75 million yuan. The total investment for the two projects remains unchanged at 701.61 million yuan. The planned fundraising allocation for the next-generation high-performance hybrid transaction and analytical database project stays at 488.75 million yuan. The allocation for the multimodal time-series database project is cut from 212.86 million yuan to 125 million yuan, a reduction of 87.86 million yuan. Only the amounts are adjusted; other terms remain unchanged. Under shareholder authorization, the revision does not need to be submitted to a shareholders' meeting again, but still requires review by the Shanghai Stock Exchange and registration approval from the China Securities Regulatory Commission.

Vastdata disclosed its earnings forecast, expecting to achieve operating revenue of 192 million yuan in the first half of 2026, with a net loss attributable to the parent of 94.8 million yuan, compared to a loss of 44.7074 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 97.2 million yuan, compared to a loss of 48.7041 million yuan in the same period last year. The company stated that the main reason for the loss is that the revenue scale of its core cornerstone business, "self-developed database products and services," is still small, and current income cannot cover the investment costs. In the future, the company will improve the quality of its self-developed database products and enhance its marketing and service network to improve operating results.