Beijing United Information Technology Co LtdNet profit up 0.8% but revenue down 16.1% due to business structure optimization and revenue recognition changes; mixed results.

Guolian Shares released its 2026 half-year report. Net profit attributable to the parent in the first half was 686 million yuan, up 0.8% year-on-year, but operating revenue fell 16.1% year-on-year to 20.18 billion yuan. In the second quarter, the company's operating revenue was 10.36 billion yuan, down 20.5% year-on-year, and net profit attributable to the parent was 412 million yuan, up 0.3% year-on-year. As of the end of the second quarter, the company's total assets were 21.872 billion yuan, and net assets attributable to the parent were 9.786 billion yuan. The company said the decline in operating revenue was mainly due to business structure optimization and adjustments in revenue recognition methods, but its main business operations remained stable, and it continued to advance the construction of its Duoduo platform trading business and digital technology service system.
Beijing United Information Technology Co LtdNet profit up 0.8% but revenue down 16.1% due to business structure optimization and revenue recognition changes; mixed results.