Qidian Guofeng reports revenue growth, narrows losses amid AI push

Qidian Guofeng reported a 4.9% increase in total revenue to RMB181.9 million for the six months ended June 30, 2025, up from RMB173.3 million in the same period of 2024. This growth was primarily fueled by a 119.3% year-on-year increase in education-related training services revenue, reaching RMB40.64 million, and a 5.1% rise in sales of home appliances to RMB124.049 million. However, liquor sales revenue decreased by 52.6% to RMB17.215 million, reflecting a challenging market and a strategic shift towards high-value products.

Despite the revenue growth, the group recorded an operating loss of RMB23.5 million, an improvement from RMB28.5 million in H1 2024. Loss attributable to equity owners of the company also narrowed to RMB19.3 million, down from RMB32.6 million. The company's total assets stood at RMB585.165 million, with cash and cash equivalents at RMB24.990 million.

Looking ahead, Qidian Guofeng plans to deepen its AI strategy, with a non-legally binding letter of intent signed to acquire a PRC-incorporated AI technology company. This acquisition aims to strengthen AI-driven enablement services across its liquor and education-related training segments.