Lianyirong (09959) 2026 Interim Results: “AI+ Industrial Finance” Strategy Transformation Results Released to Achieve Breakthrough Revenue Growth
Zhitong Finance App learned that on August 20, Lianyirong Technology Group (09959, hereinafter referred to as “Lianyirong”) announced the 2026 interim results. In the first half of the year, the company firmly promoted the “AI+ industrial finance” strategy, using AI native technology to reshape the revenue structure, achieving revenue and revenue of 579 million yuan, a sharp increase of 55% over the same period last year; the company's net profit to mother was 24 million yuan, a significant improvement of 106% over the same period last year, successfully turning a loss into a profit; the company's technology solutions handled a total supply chain transaction volume of about 186.7 billion yuan, an increase of 22% over the previous year, serving 3,856 core enterprises and 468 financial institutions, covering more than 450,000 small and medium-sized enterprises in the supply chain; Continued to maintain a sound financial position, with cash reserves of 4.5 billion yuan.
1. The “AI+ Industrial Finance” strategy continues to be implemented, and value delivery reshapes growth momentum
In the first half of 2026, Lianyirong firmly promoted the “AI+ Industrial Finance” strategy, using AI native technology to reshape the revenue structure, achieving revenue and revenue of 579 million yuan, a sharp increase of 55% over the same period last year. The company's technology solutions handled total supply chain transactions of about 186.7 billion yuan, an increase of 22% over the previous year, serving 3,856 core enterprises and 468 financial institutions, covering more than 450,000 upstream and downstream SMEs in the supply chain, and the customer retention rate remained high at 99%. At the same time, gross profit increased 25% year-on-year from 210 million yuan in the first half of 2025 to 263 million yuan in the first half of 2026. Gross profit is highly synchronized with the growth rate of total transactions, confirming that, empowered by native AI technology, the company's scale expansion and core profit growth have formed a positive resonance, and the strategic dividends of the transformation to a high-quality and sustainable business system continue to be released. The company's net profit to mother was 24 million yuan, a significant improvement of 106% over the same period last year, and successfully turned a loss into a profit.
Using AI as the core driving force, the company built a technology solution system that deeply integrates industrial scenarios and financial capabilities, and completed the strategic architecture restructuring from “product driven” to “AI base+scenario delivery”. By systematically embedding AI into the entire industrial finance scenario, Lianyirong launched a new industrial fintech solution, using AI capabilities to deliver quantifiable business results to customers, and promote the transformation and upgrading of business growth from scale-driven to technology-driven. The programme covers two models: billing for financing results and billing for capacity units.
Under the financing results billing model, the company charges technology service fees according to the amount of financing obtained by the customer through technology solutions, covering various types of supply chain finance and industrial scenario products such as supply chain notes, domestic letters of credit, denuclearization financing, electronic debt documents, and asset securitization. The revenue of this model is predictable and expandable, and forms a positive link with the customer's business growth. The company's market share under this model remained industry-leading, ranking first in the industry for six consecutive years. In the first half of the year, the supply chain transaction volume handled by this model reached 181.2 billion yuan, an increase of 22% over the previous year. At the same time as the scale grew steadily, the AI-based high-value product matrix accelerated penetration, and product structure dividends continued to be released, driving revenue and revenue growth of 51% year-on-year to 495 million yuan.
Under the competency unit billing model, the company encapsulates AI core competencies (including intelligent marketing, intelligent review, intelligent registration, etc.) as a standardized competency unit “SKILL” that can be independently used and flexibly combined. As the flagship product with a combined output of competency units, Cellular AI Agent continues to deepen market penetration. The number of service customers increased dramatically from 42 at the end of 2025 to 68 in the first half of this year, expanding the number of implementation scenarios to 37, fully commercializing the six core dimensions of intelligent marketing, intelligent review, intelligent risk control, intelligent operation, intelligent matching, and intelligent collaboration.
In the industrial and financial scenarios of many leading core enterprises and financial institutions, Honeylink AI Agent is evolving from scenario-level intelligence to multi-domain collaborative intelligence, and verifies value with quantifiable business results: on a commercial bank's centralized operation platform, it relies on intelligent audit and intelligent operation capability units to assist in audit decisions and reshape business processes, driving the platform's business volume growth by 20%, and reducing the average time required for a single business implementation by 60%; in the business intelligence application of a large central enterprise finance company, it is based on intelligent risk control and intelligent audit capability units to achieve fully automated online risk identification and Compliance review, business processing timeliness increased by 75%, and operating costs reduced by 90%.
2. Deep integration of Bayter Technology to build full-stack capabilities for industrial and financial treasury
The Industrial Finance Treasury Solution is a comprehensive customized capability base built around the “AI+ Industrial Finance” strategy. It provides deeply customized industrial finance platform construction and treasury management services for the comprehensive business scenarios of enterprise groups and financial institutions. In 2025, the company completed strategic mergers and acquisitions and deep integration of Bite Technology, deeply integrating its core capabilities in enterprise fund management, financial-level system construction and complex project delivery with the advantages of its own industrial finance ecosystem network and industry-related AI agents, and accelerated the construction of a “smart finance treasury” full-stack product matrix to promote the extension of industrial financial services from financing and payment to the full scenario of enterprise daily operation and fund management, forming a comprehensive service capability covering the entire value chain.
In the first half of the year, the two sides collaborated to accelerate from organizational and resource integration to joint product innovation, and officially launched two core products, “Zhirong Cloud Treasury” for banking institutions and “Beit Qingyu” for growth groups. The industrial finance treasury solution achieved revenue of 52 million yuan, an increase of 146% over the previous year, indicating that the industrial finance treasury platform has formed a hierarchical product system covering large enterprise groups, financial institutions, growth enterprises and globally operating enterprises.
3. Unloq deepens global layout and SC+ creates a new global digital trade finance ecosystem
As the “second growth curve” of LianYi Rong's global strategy, Unloq achieved revenue and revenue of 33 million yuan in the first half of the year, an increase of 25% over the previous year, and a gross margin of 92%, showing high profit quality and sustainable growth potential. At the same time, Unloq has accelerated the in-depth layout of its global business, using its Singapore headquarters as the core hub to continue to expand its strategic layout in key regional corridors such as Greater China, South Asia, Southeast Asia, Europe and the United States. The business footprint has expanded to 37 countries and regions, serving more than 2,000 global enterprises.
Lian Yirong gave full play to the advantages of its industrial finance ecosystem, deeply integrated the customer resources of more than 3,000 domestic core enterprises with Unloq's overseas localization service capabilities and multi-currency funding channels to establish a closed loop of “customer demand insight - territorial solution implementation - cross-border funding support”. The company accurately focuses on new energy and high-end manufacturing industries going overseas, and has reached cooperation with many benchmark customers in the fields of photovoltaics, energy storage, new energy vehicles and smart home appliances to provide them with comprehensive digital trade and financial services covering cross-border trade and overseas local markets.
Based on this, the SC+ platform created by UnloQ is committed to building the next generation of global trade finance digital infrastructure with mutual trust and rules driven by multiple parties. In the first half of the year, the SC+ platform made breakthrough progress in ecological co-construction and scenario implementation. Unloq officially became the first batch of scenario partners for Anchorpoint's compliant stablecoin application in trade finance scenarios, and successfully landed the first trade finance transaction settled by AnchorPoint's HKDAP in Hong Kong on August 13, 2026, further verifying the technical viability and business value of the SC+ platform in real trade scenarios, laying the foundation for subsequent large-scale applications. At the same time, the company and Ripple are cooperating to participate in the BLOOM project led by the Monetary Authority of Singapore (MAS) to further promote cooperation in the fields of cross-border trade finance, smart contract functions, programmable settlement, and digital finance infrastructure. In addition, the company has completed phased implementation of the Web 3.0 supply chain finance platform project with large-scale central enterprises. Follow-up cooperation plans are progressing steadily, and we are committed to exploring deep collaboration between smart contracts, AI and trade finance.
4. Implement technology for good, and fully infiltrate “AI digital colleagues”
In the first half of 2026, Lianyirong insisted on being technology-driven to promote the deep integration of ESG concepts into the collaborative practice of sustainable finance and inclusive finance. In terms of sustainable finance, the company is based on AI's native technology architecture to systematically improve green asset identification and carbon footprint tracking capabilities, and accurately guide financial resources into sustainable development. The total number of sustainable supply chain transactions for services exceeded 37.1 billion yuan, an increase of 26% over the previous year. In terms of inclusive finance, the company continues to deepen the SME service scenario, using digital technology to reduce financing thresholds and costs, and has helped more than 450,000 SMEs obtain efficient, convenient, and low-cost digital inclusive financial services. Among them, the average financing cost of financing through the “Xunyi Chain” platform is only 2.51%.
At the same time as the business is developing steadily, Lianyirong ESG's performance has reached a new level: Wind ESG rating jumped from A to AA, ranking in the top 6% of the industry, Huazheng ESG ranked A, and won many awards such as the “ESG Outstanding Enterprise Award for Sustainable Development” by Gelonghui. At the same time, the company's innovative practices in AI to empower industrial finance were also highly recognized by the market, winning the “2026 China's Best AI-Driven Supply Chain Finance Platform” award. The AI intelligent review case was selected in the “China Supply Chain Finance Yearbook (2025)” and listed in the “2026 AI SaaS TOP50”, fully demonstrating the market's high recognition of the sustainable development capabilities of LianYi Rong.
Based on long-term development, Lianyirong continues to deeply embed self-developed AI application capabilities into the entire business and functional chain to systematically promote the intelligent reshaping of organizations and operations. Honeylink AI Agent fully penetrates from the front office business scenario to middle and back office management, becoming the “digital colleague” of every employee and the intelligent operation base of the entire organization.
The company achieved a 55% year-on-year increase in revenue and revenue through AI-driven process automation and intelligent decision-making, and a significant improvement in operating efficiency. On the R&D side, the company deeply applied AI programming tools to restructure the development process. In the first half of the year, 90% of the new code was generated by AI, and the project launch time was shortened from sky level to hour level, driving R&D expenses down 11% year on year and R&D cost rate reduced by 16 percentage points year on year. On the sales side, AI deeply empowers market expansion, efficiently matches customer profiles and business plans through intelligent lead mining and auxiliary marketing tools, and continuously reduces customer acquisition costs. On the management side, the proportion of automated processing of daily administrative processes exceeds 50%, which greatly frees up the production capacity of functional personnel.
Song Qun, founder, chairman and CEO of Lianyirong: “AI is profoundly reshaping the underlying paradigm of global industrial finance and cross-border trade, and has become a core variable defining the new pattern of the industry. Based on the wave of change, Lianyirong, as an industry leader and pioneer, will continue to firmly promote the two-wheel drive strategy of 'AI+ industrial finance' and 'global digital financial infrastructure', continue to cultivate the domestic industrial ecosystem network with AI native technology as the core engine, accelerate the expansion of the global cross-border digital trade service landscape, and continue to lead the new round of industrial transformation. The company has turned a loss into a profit during the period. We are confident that Lianyirong's overall operation will be stabilized on a sustainable profit path, return shareholders' trust with solid performance, give back customer support with excellent service, and work with partners to create a long-term sustainable future of value.”