JST GROUP (06687) has released its interim results for the 2026 fiscal year, reporting a revenue of approximately RMB 615 million, reflecting a year-on-year increase of 17.4%. Gross profit climbed 25% to around RMB 470 million, while profit attributable to equity holders of the company reached approximately RMB 101 million, successfully reversing a loss from the prior corresponding period.
The company recorded adjusted net profit of roughly RMB 185 million, up 257.3% year-on-year. Earnings per share stood at RMB 0.23, with an interim dividend of HK$0.20 per share declared.
During the period, the group intensified its focus on strengthening its core cloud-based e-commerce SaaS product portfolio, broadening product coverage and deepening penetration into vertical industries. Revenue from the group's ERP SaaS products amounted to approximately RMB 483 million, an increase of about 12.9% year-on-year.
In response to the rising post-sale return rates and a more rational supply chain trend in the e-commerce sector, the group introduced a procurement-sales-return balance solution designed to help merchants optimise their inventory management and after-sales fulfilment processes. At the same time, the group continued its instant retail solution initiatives launched in 2025, steadily expanding its footprint in the local instant fulfilment arena.
Within its cross-border segment, the group has prioritised the development of a "one inventory, global sales" system, establishing a complete closed-loop capability that covers domestic procurement, overseas warehouse stocking, multi-platform fulfilment, cross-border logistics, third-party warehouse management abroad, and cross-border financial and business accounting. This strengthens the group's ability to deliver comprehensive, full-scenario e-commerce services and enhances product competitiveness across all business formats.
In the first half of the year, the group's collaborative product line generated revenue of approximately RMB 113 million, representing a robust 43.4% year-on-year growth. The group has pre-emptively completed its SaaS tool deployment across finance, customer service, operations, and procurement roles within e-commerce enterprises, fully addressing the digitalisation needs of all internal corporate functions.
As the traffic dividend in the e-commerce industry gradually diminishes, the sector's development focus has shifted towards refined operations. Demand for SaaS-enabled and AI-driven digital transformation across various job functions within e-commerce companies continues to rise, further elevating the value of internal collaboration tools.
In the tax and financial compliance product segment, the ongoing implementation of tax compliance regulations in the domestic e-commerce industry has triggered a significant surge in demand for integrated financial-business tools. E-commerce merchants now require all-in-one SaaS systems paired with professional implementation services to achieve cross-channel financial compliance control, enhance operational data analysis capabilities, and proactively manage risks across all business processes.
For the six months ended 30 June 2026, the group's core financial products, including Juhezhang and Jupiaoji, received strong market feedback, with combined revenue growth exceeding 100% year-on-year during the period.
In the first half of the year, the group completed the establishment of subsidiaries in Malaysia and Vietnam, with plans to set up entities in Indonesia and the Philippines before year-end. Together with its existing Thailand subsidiary, this will deliver comprehensive and full coverage across key Southeast Asian markets. Beyond deepening its presence in Southeast Asia, the group is also actively exploring potential opportunities in Latin America, the Middle East, Africa, Europe, and North America.
During the reporting period, the group's international products underwent multi-dimensional upgrades: an innovative cloud distribution model was introduced, enabling unified inventory management and integrated drop-shipping operations. New modules for advertising and business analytics were added to strengthen merchants' marketing and data-driven decision-making capabilities.
On the ecosystem front, the group has deepened collaborations with Southeast Asian e-commerce platforms, logistics providers, financial payment companies, accounting software vendors, and social media platforms, delivering superior services to online sellers. The group has now become a Meta global selected business partner, with further collaborative projects in e-commerce scenarios expected to be rolled out in the future.
Additionally, the group continues to drive deep native integration of AI technology with its ERP and full suite of collaborative products. Quarterly token consumption has surged by more than 300% compared to the fourth quarter of 2025. The self-developed e-commerce intelligent agent, "Shuibao", has been iteratively launched in modules and is gradually being commercialised, with AI capabilities embedded into core business workflows such as order management, inventory, product, and supply chain operations for pilot applications.
Shuibao features over 5,000 curated e-commerce vertical industry skills, supports connected channel insights for identifying potential merchants, and assists customers in completing tedious operations like ERP order review using these skills, thereby simplifying complex processes and enhancing operational efficiency. Furthermore, Shuibao has absorbed the company's extensive product knowledge base, enabling precise responses to inquiries regarding product features, project implementation, pre-sales consultation, and after-sales maintenance, comprehensively optimising the user experience and continuously reinforcing the group's differentiated product competitive edge.
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