Duiba Group Limited (“Duiba”) reported a 24.3% year-on-year increase in total revenue to RMB434.72 million for the six months ended 30 June 2026, powered by the January launch of its AI short drama segment.
Revenue mix shifted markedly: • AI short drama contributed RMB222.63 million, representing 51.2% of total revenue. • Internet advertising delivered RMB123.37 million, down from RMB230.25 million a year earlier. • User-management SaaS platform revenue fell to RMB51.50 million from RMB89.57 million. • “Other” income, mainly reward-point products, reached RMB37.22 million, up from RMB29.80 million.
Gross profit advanced 30.0% to RMB74.54 million, lifting gross margin to 17.1% (1H25: 16.4%). Selling and distribution costs increased 30.2% to RMB60.62 million; administrative expenses rose 45.9% to RMB72.82 million, reflecting higher headcount and early-stage AI investment. Research and development spend declined 19.2% to RMB18.46 million as AI tools improved efficiency.
Duiba narrowed its statutory net loss by 5.2% to RMB25.33 million. Adjusted loss, which adds back share-based payment charges, was RMB25.50 million versus RMB24.52 million in 1H25.
Cash and cash equivalents stood at RMB343.65 million at end-June (31 December 2025: RMB420.13 million). Interest-bearing bank borrowings totaled RMB767.96 million, placing the gearing ratio at 37.6%, slightly below the prior-year 37.9%. Trade receivables expanded 39.6% to RMB805.40 million, driven by the scale-up of AI short drama sales.
Headcount grew to 851 employees from 506 at end-2025, including 412 staff dedicated to the new AI content business. Total staff costs were largely stable at RMB68.40 million.
Duiba faces an outstanding legal claim by Hengfei Holding; management has appealed an August 2025 judgment and a hearing is set for 15 December 2026. The company held no significant capital commitments and reported no post-period material events.
No interim dividend was declared.
Management highlighted plans to accelerate domestic AI short drama production, explore overseas markets, and build a distributed short-drama alliance platform, targeting group-level profitability as scale benefits materialise.