Shanghai-based SUNMI Technology reported interim revenue of RMB 1.76 billion for the six months ended 30 June 2026, up 25.8% year on year, driven by stronger sales of smart hardware terminals and growing BIoT Platform-as-a-Service (PaaS) income. Gross profit climbed 26.4% to RMB 565.83 million, keeping gross margin broadly stable at 32.1%.

Despite top-line strength, the company recorded a net loss of RMB 70.00 million, reversing a RMB 15.93 million profit a year earlier. Management cited RMB 83.50 million in foreign-exchange losses, stemming mainly from U.S.-dollar depreciation against the renminbi, and RMB 49.85 million in listing-related expenses as the primary drags on earnings. On a non-IFRS basis—excluding share-based payments and listing costs—SUNMI posted an adjusted net loss of RMB 11.85 million versus a RMB 50.55 million profit in first-half 2025.

By product, smart mobile devices led growth with sales climbing to RMB 608.58 million, representing 34.6% of group revenue. Smart desktop devices contributed RMB 478.86 million, smart payment devices RMB 486.93 million, and accessories and parts RMB 173.04 million. PaaS and customization services provided a further RMB 14.60 million.

Geographically, overseas markets accounted for more than 80% of turnover. Europe generated the highest regional revenue at RMB 584.12 million, followed by Asia-Pacific ex-China at RMB 312.51 million and North America at RMB 179.17 million. Mainland China revenue contracted to RMB 322.44 million.

Expenses reflected continued expansion: distribution and selling costs rose 8.6% to RMB 195.45 million, administrative expenses doubled to RMB 107.78 million on advisory fees and management build-out, while R&D investment edged up 3.5% to RMB 216.21 million.

Operating cash flow registered an outflow of RMB 796.69 million, largely due to strategic inventory builds as memory prices increased. Cash and cash equivalents nonetheless improved to RMB 1.99 billion following IPO proceeds and new bank borrowings, reducing the gearing ratio to 54.1% from 60.9% at year-end 2025.

SUNMI reiterated its “IoT + AI + RWA” roadmap, emphasizing further R&D spending across device, OS and cloud layers and continued international expansion, with overseas revenue already exceeding 80% of the total. No interim dividend was declared.