Shandong Extreme Vision Technology Co., Ltd. (EXTREME VISION) reported interim results for the six months ended 30 June 2026, showing a sharp acceleration in top-line growth driven by the commercial rollout of its large-model AI solutions.

Revenue and Profitability • Revenue rose 181.2% year on year (YoY) to RMB 165.00 million, underpinned by a 4,539.8% leap in large model solution sales to RMB 84.80 million. Large model offerings now contribute 51% of total turnover. • Gross profit expanded 199.1% to RMB 73.30 million; gross margin improved to 44.4% from 41.8% a year earlier, reflecting a richer product mix and higher delivery efficiency. • Reported net loss narrowed 3.9% to RMB 40.83 million. On a non-IFRS basis—excluding RMB 23.79 million in share-based payments and RMB 20.62 million in listing expenses—the company posted an adjusted profit of RMB 3.58 million, versus a RMB 30.67 million loss in H1 2025. • Diluted loss per share improved to RMB 0.38 from RMB 0.42.

Segment Performance • Standard AI computer vision solutions: Revenue up 120.5% to RMB 17.29 million; gross margin climbed to 70.3%. • Customized AI computer vision solutions: Revenue grew 27.0% to RMB 13.67 million; margin eased to 39.5% due to upfront project investments. • Software-defined All-in-One AI solutions: Revenue increased 28.7% to RMB 49.26 million; margin rose to 38.9%. • Large model solutions: Revenue surged to RMB 84.80 million from RMB 1.83 million; margin at 43.2%, up from 36.6% in FY 2025.

Cost Structure and Expenses • Cost of sales advanced 168.3% to RMB 91.70 million, broadly in line with revenue growth. • R&D spending climbed 35.1% to RMB 47.83 million, reflecting continued investment in the proprietary “Stellaris Vision-Language Model” and Extreme Agent platform. • Administrative expenses jumped to RMB 54.91 million, driven by IPO-related costs and higher share-based compensation. • Selling and distribution expenses rose 48.1% to RMB 13.37 million amid expanded domestic and overseas marketing efforts.

Balance Sheet and Liquidity • Net proceeds of HKD 434.40 million from the March 2026 Hong Kong IPO lifted cash and cash equivalents to RMB 449.45 million (31 Dec 2025: RMB 13.41 million). • Interest-bearing bank borrowings stood at RMB 68.19 million; the gearing ratio fell to 11.0% (31 Dec 2025: 27.3%). • Shareholders’ equity increased to RMB 618.00 million from RMB 215.70 million at year-end 2025.

Strategic Priorities Management plans to intensify R&D in vision-language large models, build a unified enterprise portal for model deployment, deepen collaboration with leading industry clients, expand recurring-revenue services, and pursue growth in Hong Kong, Macau and overseas markets.

Post-Period Development On 26 August 2026 the Board approved an H-share full-circulation plan to convert 562,347 domestic shares (0.50% of total share capital) into H-shares, pending regulatory approvals.

Dividend No interim dividend was declared for the period.

Governance and Compliance EXTREME VISION stated full compliance with Hong Kong’s Corporate Governance Code, except for combining the roles of Chairman and General Manager in one individual. The company reported no purchases, redemptions or sales of its listed securities during the period.