Bairong Inc. Announces 2025 Interim Financial Results
Revenue Grows Rapidly with Year-on-Year Increase in Net Profit Margin
BEIJING, Aug. 28, 2025 /PRNewswire/ -- Bairong Inc. (the "Company", "we" , "us" or "our" ; HKEX: 6608), a leading cloud-based AI turnkey service provider, today announced the interim results of the Group for the six months ended June 30, 2025.
Mr. Zhang Shaofeng, Founder, Chief Executive Officer and Chairman of the Board, commented:"In the first half of 2025, the Company achieved a year-on-year revenue growth of 22% while maintaining sustained profitability. The revenue of our MaaS business increased by 19% year-on-year. Our BaaS business also achieved rapid growth, especially the revenue of the BaaS financial industry cloud driven by generative AI, which surged by 45% year-on-year. Our gross profit remained strong at over 70% while non-IFRS profit for the period reached 254 million, with a non-IFRS net profit margin of 16%. This demonstrates that our investments in the AI business have not only brought first-mover advantages but also achieved meaningful economies of scale. In terms of technology and products, relying on the intelligent voice product VoiceGPT and the Bairong enterprise-level intelligent agent platform CybotStar, we have deeply integrated our cross-industry AI capabilities into high-potential sectors such as telecom operators, medical care, and large-scale retail. Notably, the commercialization of the Bairong CybotStar enterprise-level intelligent agent platform has been commercialized."
Financial Summary
Six months ended June 30,
2025
2024
Change
(unaudited)
(unaudited)
( %)
(RMB in thousands, except percentages)
Revenue
1,611,797
1,321,348
22
Model as a service ("MaaS")
501,941
421,352
19
Business as a service ("BaaS")
1,109,856
899,996
23
BaaS, Financial Scenario
856,957
589,473
45
BaaS, Insurance Scenario
252,899
310,523
-19
Gross profit
1,182,428
967,155
22
Operating profit
200,894
156,832
28
Profit for the period
201,224
142,833
41
Non-IFRS measures
Non-IFRS profit for the period
254,449
197,479
29
Non-IFRS EBITDA
282,539
243,481
16
Revenue
For the six months ended June 30, 2025, our revenue reached RMB1,611.80 million, representing a period-over-period increase of 22% from RMB1,321.35 million for the six months ended June 30, 2024. During the Reporting Period, our non-IFRS profit was RMB 254.45million and our non-IFRS profit margin remained healthy at 16%, representing a period-over-period increase of 1 percentage point.
For the six months ended June 30, 2025, our MaaS business reported revenue of RMB 501.94million, representing an increase of 19% period-over-period, primarily attributable to expanded fields of application and enhanced product competitiveness combining AI algorithms to optimize product performance. During the Reporting Period, the number of Key Clients reached 167, while average revenue per Key Client was RMB 2.28 million. Our Key Client retention rate was 98%.
Key metrics of MaaS
Six months ended June 30,
