MetaLight Inc. reported first-half 2026 revenue of RMB 92.00 million, down 5.1% year on year, as China’s mobile advertising market remained subdued. Gross profit slipped 9.3% to RMB 68.70 million and gross margin eased to 74.6% from 78.1% a year earlier.
The company curtailed its net loss to RMB 5.00 million, a 96.0% improvement from the RMB 125.50 million loss posted in the prior-year period, mainly due to the absence of last year’s fair-value losses on preferred shares and listing expenses. On a non-IFRS basis, adjusted net profit fell 53.6% to RMB 13.10 million, weighed by severance payments tied to an organisational restructuring and softer top-line growth.
Business mix remained concentrated in mobile advertising, which generated RMB 89.46 million, down 5.0%. Data-technology services contributed RMB 2.55 million, a 9.5% drop following stricter project-selection criteria.
Operating cash outflow reached RMB 4.05 million, while net cash inflow from investing activities totalled RMB 18.06 million, driven by redemptions of structured deposits. Cash and cash equivalents stood at RMB 40.95 million as of 30 June 2026; total cash resources (including time deposits) were RMB 216.74 million. The balance sheet showed net current assets of RMB 275.03 million and no bank borrowings at period-end.
Strategic spending focused on emerging mobility and AI projects. MetaLight invested RMB 20.00 million for a 66.67% interest in Hangzhou Yunzhimeng, gaining indirect exposure to Robobus developer Hangzhou DTMaaS, and committed RMB 40.00 million to a new AI-themed venture fund, with RMB 20.00 million paid during the half. Capital expenditures in the period totalled RMB 40.00 million.
Unutilised proceeds from the June 2025 IPO amount to HK$130.60 million, earmarked chiefly for technology upgrades, marketing, talent recruitment and working capital, with full deployment targeted by 2028.
Operationally, Chelaile expanded its coverage to 484 Chinese cities and towns, lifting cumulative users to 354.1 million and average monthly active users to 32.0 million, up 6% year on year. The company launched TransitNow in April for overseas markets including Singapore and Australia, and continued development of an autonomous-bus operations support platform in partnership with Hangzhou DTMaaS.
Management signalled a cautious outlook for the domestic advertising market in H2 2026 and will prioritise monetisation efficiency, product experience and diversification into data-technology and smart-mobility services.
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