Beijing Zhipu Huazhang Technology Co., Ltd. released its first interim earnings report since listing on August 31. For the six months ended June 30, 2026, the company's total revenue reached RMB 954 million, a year-on-year increase of 399.7%; net loss narrowed to RMB 2.07 billion. Among them, revenue from the open platform and API business reached RMB 825 million, a surge of 2735.7% year-on-year, and its proportion of total revenue increased from 15.2% in the same period last year to 86.5%, indicating a clear shift in commercialization focus towards cloud-based MaaS business. The gross profit margin of this business also turned positive to 24.6%. The company completed a placement in July, raising approximately HKD 31.4 billion.