JST Group Returns to Profit in H1 2026 on Higher SaaS Demand; Announces HK$0.20 Interim Dividend

Bulletin Express08-28 12:21

JST Group (06687) reported a sharp turnaround for the six months ended 30 June 2026, posting a profit of RMB106.70 million versus a RMB39.54 million loss a year earlier. Management attributed the improvement to double-digit top-line growth and tighter cost control across core functions.

Revenue rose 17.4 % year on year to RMB615.02 million, driven by sustained uptake of the company’s e-commerce software-as-a-service (SaaS) portfolio. SaaS accounted for 96.9 % of total revenue, with ERP sales up 12.9 % to RMB483.07 million and Synergy products surging 43.4 % to RMB112.77 million. The platform processed 20.2 billion orders during the period, up 11.0 %, while SaaS revenue per order increased 7.1 % to RMB0.030.

Cost of sales contracted 1.8 % to RMB144.90 million, lifting gross profit 25.0 % to RMB470.11 million and expanding gross margin to 76.4 % (H1 2025: 71.8 %). Selling and marketing expenses edged up 2.4 % to RMB193.58 million; R&D spending rose 5.0 % to RMB121.23 million; and general and administrative costs increased 4.9 % to RMB51.40 million. A foreign-exchange loss of RMB64.86 million offset part of a higher finance income of RMB30.82 million.

Adjusted net profit (non-IFRS) more than tripled to RMB185.02 million, after excluding foreign-exchange losses, fair-value changes, share-based payments, and prior-year listing-related and preferred-share items.

The balance sheet remained solid. Cash and cash equivalents stood at RMB2.89 billion, underpinning a net-cash position with no interest-bearing debt. Total assets were RMB4.26 billion, broadly flat versus end-2025, while contract liabilities amounted to RMB2.30 billion. The gearing ratio (total liabilities to equity) was 268.5 %.

During the half, the company repurchased 13.46 million shares for HK$207.60 million (approximately RMB181.60 million), which are held as treasury shares. No major acquisitions or disposals were recorded.

The board declared an interim dividend of HK$0.20 per share, payable on or around 11 December 2026 to shareholders on record as of 30 November 2026.

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