Flowing Cloud Technology Ltd (06610), known in Chinese as 飞天云动, has released its interim results for the 2026 fiscal period, revealing a significant reduction in its net loss attributable to shareholders.

The company posted a loss attributable to owners of approximately RMB 14.97 million, representing a substantial year-on-year contraction of 87.88% compared to the prior corresponding period.

Total revenue for the period came in at roughly RMB 224 million, reflecting a decrease of 41.4% from the previous year. Gross profit also declined by 40% to RMB 48.36 million, while the basic loss per share stood at RMB 0.12.

Where the downturn stems from

According to the company's announcement, the top-line decline was primarily driven by reduced revenue contributions from its AR and VR marketing services, as well as lower income generated from AR, VR, and AI content and integrated marketing solutions during the reporting period.