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 Group Co Ltd Class ABaibang Technology's H1 net loss narrowed to 6.84M yuan but revenue fell 38% YoY, a mixed earnings picture.
