Readboy Education Holding Company Limited released its interim results for the six months ended 30 June 2026.

Revenue and Profitability Readboy posted revenue of RMB 74.53 million, a 59.0% decline from RMB 182.00 million a year earlier. Gross profit contracted 72.9% to RMB 10.92 million, with gross margin sliding to 14.6% from 22.2%. Strengthened cost management cut the period’s net loss to RMB 31.31 million, a 30.1% improvement from the RMB 44.82 million loss in 1H 2025.

Segment Performance • Personal student tablets remained the largest contributor, generating RMB 52.66 million, down 65.3%. • Digital and smart classroom solutions rose 32.1% to RMB 6.58 million. • Wearable products revenue fell 47.6% to RMB 6.28 million. • Other products declined 33.7% to RMB 6.16 million. • Advertisement and content licensing slid 30.6% to RMB 2.86 million.

Expenses and Cash Flow Selling and distribution expenses fell 60.1% to RMB 16.15 million. Research and development costs dropped 43.4% to RMB 12.25 million. Administrative expenses edged up 10.1% to RMB 23.44 million, while finance costs stood at RMB 1.11 million. Operating cash outflow reached RMB 32.34 million versus RMB 11.60 million in the prior-year period.

Balance Sheet Total assets decreased to RMB 318.56 million from RMB 414.92 million at end-2025. Cash and cash equivalents were RMB 90.82 million, down from RMB 155.68 million. Net assets closed at RMB 168.92 million (31 December 2025: RMB 198.28 million). Short-term bank borrowings amounted to RMB 39.91 million with interest rates between 2.4% and 2.55%.

Operational Highlights • The “AI Aixue Centre” replaced the former “AI Smart Learning Room,” expanding focus to companion learning and learning progress management. At 30 June 2026, 1,213 centres were in operation. • “Magic Classroom” – an AI-enabled interactive course solution – was launched to support both online and offline learning. • The AI Aixue Platform and Homework Marking and Traceability Device were deployed or piloted in approximately 833 schools across 269 regions, contributing RMB 6.58 million (8.8% of total revenue). • The Group held 13.37 million Shares in Driving Force Global Limited for future RSU grants; no RSUs, share options, or share awards have been granted to date.

Share Matters During the period, Readboy repurchased 250,000 Shares for HKD 1.25 million (RMB 1.10 million), raising treasury shares to 13.37 million. No interim dividend was declared.

Outlook Management will continue to prioritise AI-driven product innovation, cost discipline, and compliance, while monitoring market demand and regulatory trends in China’s smart education sector.