Chanjet (01588) released its results for the first three quarters of 2026. During the reporting period, the group achieved operating revenue of RMB 839 million, up 16% year-on-year, of which cloud subscription revenue was RMB 649 million, up 23% year-on-year, accounting for 77% of total revenue; cloud subscription contract liabilities at the end of the reporting period were RMB 920 million, up 23% from the end of the previous year. During the reporting period, the group recorded net profit attributable to shareholders of the parent company of RMB 55.26 million, up 30% from RMB 42.55 million in the same period of the previous year, mainly because the group unswervingly advanced its "AI First" strategy, seized customer demand for enterprise AI, used AI technology to drive product upgrades across the board, continuously enhanced product competitiveness, and went all out to expand market coverage, keeping revenue growing; the group continued to implement profitable operations, with research and development expenses, selling expenses and administrative expenses all declining as a proportion of revenue compared with the same period of the previous year, improving profitability. As of September 30, 2026, the group's total assets were RMB 2.067 billion, up 9% from RMB 1.894 billion at the end of the previous year. During the reporting period, the group continued to focus on the two major fields of digital and intelligent finance and tax and digital and intelligent commerce for small and micro enterprises, seizing strategic development opportunities in the AI era, firmly upholding the principle of customer success, deepening implementation of the "AI First" strategy, accelerating global development, raising product intelligence, strengthening product competitiveness, adhering to mutually prosperous ecosystem development, moving from application services to ecosystem platform services, promoting large-scale business development, and improving operating efficiency and profitability. At the product level, the group continued to accelerate product innovation and development and deepen implementation of the "AI First" strategy, with AI product iteration and ecosystem cooperation steadily advancing. The AI agent platform was fully upgraded, with nine digital and intelligent employees and 21 skill modules launched, covering all scenarios of finance, business and operations for small and micro enterprises, and new AIcoding capabilities were added to support personalized development and automated deployment; at the same time, based on the AI-native digital and intelligent platform, a new AI Haoshengyi was released, fully integrating standard agents into the product system. At the marketing level, in terms of distribution channels, the group continued to expand the density and breadth of channel market coverage, with channel types continuously enriched, achieving coverage of 40 blank district and county markets in the third quarter of 2026 alone; together with partners nationwide, it held nearly 1,000 "Mastering AI" themed enterprise AI experience events, relying on the FDE (Forward Deployed Engineer) certification system and "Lobster Club" marketing operations to help small and micro enterprises apply AI capabilities to business management. In terms of direct sales channels, the group continued to deepen customer operations and content operations, actively explored the implementation of AI in marketing and service links, and improved brand reach and customer conversion efficiency; it simultaneously advanced the building of intelligent assistants for new purchases and renewals, promoted tiered customer operations, and boosted both service efficiency and value. In terms of ecosystem co-selling, as one of Tencent WorkBuddy's first application ecosystem partners, the company jointly released the WorkBuddy Chanjet special edition with Tencent; it completed MCP and standard Skill onboarding on mainstream AI platforms such as Doubao Work and Qianwen Office, further expanding the business application scenarios covered by ecosystem cooperation. During the reporting period, the group's cloud service business added 192,000 new paying enterprise users, up 47% year-on-year; as of the end of the reporting period, the cumulative number of paying enterprise users in the cloud service business reached 1.153 million. The company's board of directors believes that the group's overall business operations continue to maintain a good development trend.
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