Market Newsdesk

STEINHAUSEN, Switzerland, Aug. 20, 2026 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with ONGC in India. The campaign is expected to commence in the first quarter of 2027 and contribute approximately $300 million in contract value, inclusive of additional services and mobilization fees. The contract includes two years of priced options that, if fully exercised, would result in the drillship working in India into early 2031.

About Transocean

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The Company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world.

Transocean owns or has partial ownership interests in and operates a fleet of 27 mobile offshore drilling units, consisting of 20 ultra-deepwater floaters and seven harsh environment floaters.

Forward-Looking Statements

The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements could contain words such as “expected,” “approximately,” “if,” or other similar expressions. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are beyond our control, and in many cases, cannot be predicted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Factors that could cause actual results to differ materially include, but are not limited to, the level of activity in offshore oil and gas exploration and development, exploration success by producers, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the fluctuation of current and future prices of oil and gas, the global and regional supply and demand for oil and gas, the intention to scrap certain drilling rigs, the effects of the spread of and mitigation efforts by governments, businesses and individuals related to contagious illnesses, and other factors, including our expectations regarding the timing, completion and anticipated benefits of the proposed business combination with Valaris Limited, an exempted company limited by shares incorporated under the laws of Bermuda, and other risks discussed in the Company’s most recent Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company’s other filings with the SEC, which are available free of charge on the SEC’s website at: www.sec.gov. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. We expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law. All non-GAAP financial measure reconciliations to the most comparative GAAP measure are displayed in quantitative schedules on the Company’s website at www.deepwater.com.

This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”) or advertising within the meaning of the FinSA. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean. Investors must rely on their own evaluation of Transocean and its securities, including the merits and risks involved, when making any investment decision involving Transocean securities.

Analyst Contact:

Sarah Davidson
+1 713-232-7217

Media Contact:

Kristina Mays
+1 713-232-7734

SHANGHAI, Aug. 20, 2026 (GLOBE NEWSWIRE) — Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today published its 2025 Environmental, Social, and Governance (ESG) Report. This publication, the Company’s fifth ESG report, highlights Jiayin’s ongoing commitment to corporate sustainability, ethical business practices, and transparent governance.

In 2025, the Company leveraged artificial intelligence as a key driver to transform technology into business effectiveness, expanded the boundaries of inclusive finance through our global footprint, reduced environmental impact through green operations, and reinforced our development foundation through talent cultivation. We embraced technological transformation in a responsible manner, advancing the fintech industry toward greater intelligence, security, and inclusiveness.

The Report is prepared in accordance with the Global Reporting Initiative’s Sustainability Reporting Standards (GRI Standards), with reference to Nasdaq’s ESG Reporting Guide 2.0. To download the full report in English or Chinese, please visit the ESG section of the Company’s investor relations website at: https://ir.jiayintech.cn/environmental-social-and-governance.

About Jiayin Group Inc.

Jiayin Group Inc. is a leading fintech platform in China committed to facilitating effective, transparent, secure and fast connections between underserved individual borrowers and financial institutions. The origin of the business of the Company can be traced back to 2011. The Company operates a highly secure and open platform with a comprehensive risk management system and a proprietary and effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers. For more information, please visit https://ir.jiayintech.cn/.

Safe Harbor / Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Potential risks and uncertainties include, but are not limited to, those relating to the Company’s ability to retain existing investors and borrowers and attract new investors and borrowers in an effective and cost-efficient way, the Company’s ability to increase the investment volume and loan facilitation of loans volume facilitated through its marketplace, effectiveness of the Company’s credit assessment model and risk management system, PRC laws and regulations relating to the online individual finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Stock Market or other stock exchange, including its ability to cure any non-compliance with the continued listing criteria of the Nasdaq Stock Market. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.

For investor and media inquiries, please contact:

Jiayin Group
Ms. Emily Lu
Email: [email protected]

Approximately 25MW of Existing/Near-Term Grid Capacity Identified, Subject to Utility Confirmation; Potential Expansion Pathway May Target Up to Approximately 99MW
NASDAQ: SGLY

NEW YORK, NY, Aug. 20, 2026 (GLOBE NEWSWIRE) — SGLY (the “Company”), a Nasdaq-listed digital infrastructure and high-performance computing company, today announced that it has entered into a non-binding strategic development framework agreement (the “Framework Agreement”) with Florence Development LLC relating to an approximately 900-acre industrial site in Florence, South Carolina. The Framework Agreement establishes a framework for the parties to evaluate and, if mutually acceptable, potentially pursue the development of a large-scale U.S. platform for AI computing, hyperscale data center and high-performance computing infrastructure. Except for certain binding provisions relating to exclusivity, confidentiality, publicity, representations, expenses, term, remedies and governing law, the Framework Agreement is non-binding and does not obligate either party to consummate any transaction. Any definitive transaction would be subject to the completion of satisfactory due diligence, utility confirmation, financing availability, governmental and corporate approvals, and the negotiation and execution of definitive agreements. There can be no assurance that a definitive agreement will be reached or that the contemplated project will be completed on the terms, timetable or scale currently contemplated, or at all.

A Rare Combination of Scale and Power Potential

The approximately 900-acre site may provide substantial room for phased infrastructure development if the project proceeds. Based solely on preliminary information provided by the counterparty and subject to further verification and utility confirmation, approximately 25MW of existing or near-term grid capacity has been identified in connection with the site. The parties also intend to explore a utility expansion pathway that could potentially increase total grid capacity to as much as approximately 99MW within an anticipated 24-month period; however, no such expansion is guaranteed under the Framework Agreement, and any expansion would be subject to utility studies, interconnection approvals, construction, regulatory approvals and other conditions, any of which could result in delays, increased costs or inability to achieve the targeted capacity.

The current concept contemplates using only a portion of the property for an initial phase, preserving the majority of the acreage for potential future expansion. If the project were to be successfully developed, the broader campus could potentially support additional AI computing clusters, data center capacity, energy storage and related infrastructure over multiple phases. However, there can be no assurance that development beyond an initial phase, if any, will occur.

Building a Scalable U.S. AI Infrastructure Platform

Power availability and development-ready land have become increasingly important considerations for new AI and high-performance computing infrastructure. SGLY believes the combination of site scale and potential power expansion, if confirmed, could provide a potential foundation for pursuing demand from AI model training, cloud computing, enterprise HPC and computing-capacity services. There can be no assurance, however, that such demand will materialize or that the Company will be able to capture any such demand.

If the contemplated development milestones are achieved and definitive agreements are executed, the South Carolina campus could become a component of SGLY’s U.S. digital infrastructure strategy and potentially provide the Company with a platform for adding computing capacity as customer demand and capital availability evolve. No assurance can be given that any or all of such milestones will be achieved.

SGLY’s Broader Growth Strategy

The South Carolina project, if consummated, would form part of SGLY’s broader effort to expand its business platform beyond its existing operations and pursue new growth opportunities in digital infrastructure. While the Company continues to operate its existing business, SGLY is actively evaluating opportunities in data center development, AI computing infrastructure and high-performance computing. The Company believes that combining its public-company platform with large-scale infrastructure development opportunities may provide a foundation for long-term business expansion and diversification, although there can be no assurance that any such opportunities will be consummated or that expected benefits will be realized.

Framework is Intended to Create a Path Toward Definitive Agreements

Under the Framework Agreement, the parties expect to advance site planning, technical design, governmental permitting, utility and grid interconnection work, project structuring and potential ecosystem development, subject to the terms and conditions of any definitive agreements. The Company intends to evaluate the project through the next stages of diligence and development in a disciplined manner while assessing financing structures and commercial opportunities. The non-binding portions of the Framework Agreement do not create any obligation on either party to consummate any transaction.

The Framework Agreement establishes a basis for continued evaluation and negotiation. Certain provisions of the Framework Agreement, including those relating to exclusive negotiation, confidentiality, publicity, representations, expenses, term and termination, remedies, governing law and miscellaneous matters, are binding on the parties. All other provisions, including those relating to the contemplated scope and phasing of the project, are non-binding. Definitive commercial terms, capital commitments, ownership or lease arrangements, construction schedules and other material terms remain subject to due diligence, corporate and third-party approvals, financing availability and the negotiation and execution of definitive agreements. There can be no assurance that the project will be completed on the currently contemplated terms, timetable or scale, or at all.

About SGLY

SGLY is a Nasdaq-listed company pursuing a diversified growth strategy across its existing operations and emerging digital infrastructure opportunities. The Company is actively evaluating and developing opportunities in data centers, AI computing infrastructure and high-performance computing, with a focus on building scalable U.S.-based infrastructure platforms capable of supporting long-term demand for computing capacity.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the potential development, scope, scale, phasing and strategic role of the contemplated South Carolina campus; anticipated power capacity, availability and expansion; development milestones and timing; future AI, data center and high-performance computing capacity and demand; financing availability and capital commitments; customer demand and revenue opportunities; and the Company’s broader growth strategy and business diversification.

These forward-looking statements are based on the Company’s current expectations, estimates and assumptions and are subject to significant risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied, including but not limited to: the ability of the parties to negotiate and execute definitive agreements on acceptable terms or at all; the preliminary and unverified nature of information concerning the site, including power availability; the ability to obtain utility confirmation of existing power capacity and any expansion; completion of satisfactory legal, technical, environmental, title, utility and financial due diligence; zoning, permitting and land-use approvals; utility interconnection and grid upgrade timelines and costs; the availability and cost of financing; construction costs, labor availability and supply chain conditions; demand for AI computing and data center capacity; competitive conditions; regulatory changes; general economic and market conditions; the Company’s ability to manage and integrate new business lines; and other risks and uncertainties described in the Company’s filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

The forward-looking statements in this press release speak only as of the date hereof. Except as required by applicable law, the Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based. Readers are cautioned not to place undue reliance on forward-looking statements.

Contact:

[email protected]

Phone number: 718-888-1814

• A total of 2,175 hotels, or
  242,526 hotel rooms, in operation as of June 30, 2026
  .
• Net revenues for the second quarter of 2026 increased by 41.4
  %
  year-over-year
  to RMB
  3
  ,490
  million (US$
  514
  million)
  .
• Net income for the second quarter of 2026 increased by 29.0%
  year-over-year
  to RMB
  548
  million (US$
  81
  million)
  .
• Adjusted net income (non-GAAP)
  ¹
  for the
  second
  quarter of
  2026
  increased by
  30.8
  %
  year-over-year
  to RMB
  558
  million (US$
  82
  million)
  .
• EBITDA (non-GAAP)
  ²
  for the
  second
  quarter of
  2026
  increased by 33.3% year-over-year to
  RMB
  810
  million (US$
  119
  million)
  .
• Adjusted EBITDA (non-GAAP)
  ³
  for the
  second
  quarter of
  2026
  increased by
  34.6
  %
  year-over-year
  to RMB
  821
  million (US$
  121
  million).

SHANGHAI, China, Aug. 20, 2026 (GLOBE NEWSWIRE) — Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ: ATAT), a leading lifestyle group in China, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter of 202
6
Highlights

As of June 30, 2026, there were 2,175 hotels with a total of 242,526 hotel rooms in operation across Atour’s hotel network, representing increases of 19.2% and 18.4% year-over-year in terms of the number of hotels and hotel rooms, respectively. As of June 30, 2026, there were 811 manachised hotels under development in our pipeline.

The average daily room rate⁴ (“ADR”) was RMB438 for the second quarter of 2026, compared with RMB433 for the same period of 2025 and RMB427 for the previous quarter.

The occupancy rate⁴ was 76.2% for the second quarter of 2026, compared with 76.4% for the same period of 2025 and 70.6% for the previous quarter.

The revenue per available room⁴ (“RevPAR”) was RMB345 for the second quarter of 2026, compared with RMB343 for the same period of 2025 and RMB312 for the previous quarter.

The revenue generated from our retail business was RMB1,575 million for the second quarter of 2026, representing an increase of 63.2% year-over-year.

_________________
¹Adjusted net income (non-GAAP) is defined as net income excluding share-based compensation expenses.
²EBITDA (non-GAAP) is defined as earnings before interest expense, interest income, income tax expense and depreciation and amortization.
³Adjusted EBITDA (non-GAAP) is defined as EBITDA excluding share-based compensation expenses.
⁴Excludes hotel rooms that became unavailable due to temporary hotel closures.ADR and RevPAR are calculated based on tax-inclusive room rates.
“ADR” refers to the average daily room rate, which means room revenue divided by the number of rooms in use for a given period;
“Occupancy rate” refers to the number of rooms in use divided by the number of available rooms for a given period;
“RevPAR” refers to revenue per available room, which is calculated by total revenues during a period divided by the number of available rooms of our hotels during the same period.

“In the second quarter of 2026, we steadily advanced our new three‑year ‘Chinese Experience, Brand-Led Excellence’ strategy, achieving sustained breakthroughs in both our hotel and retail businesses,” said Mr. Haijun Wang, Founder, Chairman and CEO of Atour. “For our hotel business, we adhered to the ‘quality‑first’ principle and strictly controlled project quality. By the end of the second quarter, our total number of hotels in operation reached 2,175. We continued to refine our products and experiences around each brand’s distinct positioning, and our differentiated brand strengths gained broad market recognition. Meanwhile, our retail business sustained its strong growth momentum. Retail revenue was RMB1.57 billion in the second quarter, up 63% year-over-year. Atour Planet further consolidated its advantages in core categories and continued to expand its product portfolio.”

“Looking ahead, we remain committed to a long-term approach, continuously improving product quality around user needs, strengthening brand and organizational capabilities, further consolidating the competitiveness of both our hotel and retail businesses, and achieving higher‑quality sustainable development,” concluded Mr. Wang.

Second Quarter of 2026 Unaudited Financial Results

(RMB in thousands)		Q2 2025		Q2 2026
Revenues:
Manachised hotels		1,299,194		1,725,369
Leased hotels		149,597		131,915
Retail		964,849		1,574,522
Others		54,909		58,541
Net revenues		2,468,549		3,490,347

Net revenues. Our net revenues for the second quarter of 2026 increased by 41.4% to RMB3,490 million (US$514 million) from RMB2,469 million for the same period of 2025. The increase was mainly driven by growth in the manachised hotel and retail businesses.

• Manachised hotels. Revenues from our manachised hotels for the second quarter of 2026 increased by 32.8% to RMB1,725 million (US$254 million) from RMB1,299 million for the same period of 2025. The increase was primarily driven by our ongoing hotel network expansion and supply chain business development. The total number of our manachised hotels increased from 1,800 as of June 30, 2025 to 2,156 as of June 30, 2026.

• Leased hotels. Revenues from our leased hotels for the second quarter of 2026 decreased by 11.8% to RMB132 million (US$19 million) from RMB150 million for the same period of 2025. The decrease was primarily due to the decrease in the number of leased hotels as a result of our product mix optimization. The total number of our leased hotels decreased from 24 as of June 30, 2025 to 19 as of June 30, 2026.
   
• Retail. Revenues from retail for the second quarter of 2026 increased by 63.2% to RMB1,575 million (US$232 million) from RMB965 million for the same period of 2025. The increase was driven by growing recognition of our retail brands and effective product innovation and development as we successfully broadened our product offerings.
   
• Others. Revenues from others for the second quarter of 2026 increased by 6.6% to RMB59 million (US$9 million) from RMB55 million for the same period of 2025.

(RMB in thousands)		Q2 2025			Q2 2026
Operating costs and expenses:
Hotel operating costs		(893,231	)		(1,198,048	)
Retail costs		(450,542	)		(765,135	)
Other operating costs		(6,593	)		(5,198	)
Selling and marketing expenses		(392,847	)		(605,945	)
General and administrative expenses		(89,546	)		(129,917	)
Technology and development expenses		(42,574	)		(56,838	)
Total operating costs and expenses		(1,875,333	)		(2,761,081	)

Operating costs and expenses for the second quarter of 2026 were RMB2,761 million (US$407 million), including RMB10 million share-based compensation expenses, compared with RMB1,875 million, including RMB2 million share-based compensation expenses for the same period of 2025.

• Hotel operating costs for the second quarter of 2026 were RMB1,198 million (US$177 million), compared with RMB893 million for the same period of 2025. The increase was mainly due to the increase in variable costs, such as supply chain costs and hotel manager costs, associated with our ongoing hotel network expansion. Hotel operating costs accounted for 64.5% of manachised and leased hotels’ revenues for the second quarter of 2026, compared with 61.7% for the same period of 2025.
   
• Retail costs for the second quarter of 2026 were RMB765 million (US$113 million), compared with RMB451 million for the same period of 2025. The increase was associated with the rapid growth of our retail business. Retail costs accounted for 48.6% of retail revenues for the second quarter of 2026, compared with 46.7% for the same period of 2025.
   
• Other operating costs for the second quarter of 2026 were RMB5 million (US$0.8 million), compared with RMB7 million for the same period of 2025.

• Selling and marketing expenses for the second quarter of 2026 were RMB606 million (US$89 million), compared with RMB393 million for the same period of 2025. The increase was mainly due to our enhanced investment in branding and the effective development of online channels, aligned with the growth of our retail business. Selling and marketing expenses accounted for 17.4% of net revenues for the second quarter of 2026, compared with 15.9% for the same period of 2025.
   
• General and administrative expenses for the second quarter of 2026 were RMB130 million (US$19 million), including RMB9 million share-based compensation expenses, compared with RMB90 million, including RMB2 million share-based compensation expenses for the same period of 2025. Excluding the share-based compensation expenses, the increase was primarily due to an increase in labor costs. General and administrative expenses, excluding share-based compensation expenses, accounted for 3.5% of net revenues for the second quarter of 2026, compared with 3.6% for the same period of 2025.
   
• Technology and development expenses for the second quarter of 2026 were RMB57 million (US$8 million), compared with RMB43 million for the same period of 2025. The increase was mainly attributable to our increased investments in technology systems and infrastructure to support our expanding hotel network and retail business, and to improve customer experience. Technology and development expenses accounted for 1.6% of net revenues for the second quarter of 2026, compared with 1.7% for the same period of 2025.

Other operating income
, net for the second quarter of 2026 was RMB44 million (US$6 million), compared with RMB3 million for the same period of 2025. The increase was mainly due to an increase in income from government subsidies.

Income from operations for the second quarter of 2026 was RMB773 million (US$114 million), compared with RMB596 million for the same period of 2025.

Income tax expense for the second quarter of 2026 was RMB255 million (US$38 million), compared with RMB192 million for the same period of 2025.

Net income for the second quarter of 2026 was RMB548 million (US$81 million), representing an increase of 29.0% compared with RMB425 million for the same period of 2025.

Adjusted net income (non-GAAP) for the second quarter of 2026 was RMB558 million (US$82 million), representing an increase of 30.8% compared with RMB427 million for the same period of 2025.

Basic and diluted income
per share/American depositary share (ADS). For the second quarter of 2026, basic income per share was RMB1.35 (US$0.20), and diluted income per share was RMB1.33 (US$0.20). For the second quarter of 2026, basic income per ADS was RMB4.05 (US$0.60), and diluted income per ADS was RMB3.99 (US$0.60).

EBITDA (non-GAAP) for the second quarter of 2026 was RMB810 million (US$119 million), representing an increase of 33.3% compared with RMB608 million for the same period of 2025.

Adjusted EBITDA (non-GAAP) for the second quarter of 2026 was RMB821 million (US$121 million), representing an increase of 34.6% compared with RMB610 million for the same period of 2025.

Cash flows
. Operating cash inflow for the second quarter of 2026 was RMB835 million (US$123 million). Investing cash inflow for the second quarter of 2026 was RMB282 million (US$42 million). Financing cash outflow for the second quarter of 2026 was RMB861 million (US$127 million).

Cash and cash equivalents and restricted cash. As of June 30, 2026, the Company had a total balance of cash and cash equivalents and restricted cash of RMB3.9 billion (US$582 million).

Debt financing. As of June 30, 2026, the Company had total outstanding borrowings of RMB237 million (US$35 million).

Outlook

For the full year of 2026, the Company currently expects total net revenues to increase by 30% compared with the full year of 2025.

This outlook is based on current market conditions and the Company’s preliminary estimates, which are subject to changes.

Conference Call

The Company will host a conference call at 7:00 AM U.S. Eastern time on Thursday, August 20, 2026 (or 7:00 PM Beijing/Hong Kong time on the same day).

A live webcast of the conference call will be available on the Company’s investor relations website at https://ir.yaduo.com, and a replay of the webcast will be available following the session.

For participants who wish to join the conference call via telephone, please pre-register using the link provided below. Upon registration, each participant will receive a set of participant dial-in numbers and a personal PIN to join the conference call.

Details for the conference call are as follows:

Event Title: Atour Second Quarter of 2026 Earnings Conference Call
Pre-registration Link: https://register-conf.media-server.com/register/BIe8138a580f784759b9c45dda51c9d597

Use of Non-GAAP Financial Measures

To supplement the Company’s unaudited consolidated financial results presented in accordance with U.S. Generally-Accepted Accounting Principles (“GAAP”), the Company uses the following non-GAAP measures defined as non-GAAP financial measures by the U.S. Securities and Exchange Commission: adjusted net income, which is defined as net income excluding share-based compensation expenses; adjusted net income per ordinary share – Diluted, which is defined as net income attributable to the Company excluding share-based compensation expenses divided by the number of weighted average ordinary shares used in calculating net income per ordinary share – Diluted; EBITDA, which is defined as earnings before interest income, interest expense, income tax expense and depreciation and amortization; adjusted EBITDA, which is defined as EBITDA excluding share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and non-GAAP results” set forth at the end of this release.

The Company believes that EBITDA is widely used by other companies in the hospitality industry and may be used by investors as a measure of the financial performance. Given the significant investments that the Company has made in leasehold improvements and other fixed assets of leased hotels, depreciation and amortization comprises a significant portion of the Company’s cost structure. The Company believes that EBITDA will provide investors with a useful tool for comparability between periods because it eliminates depreciation and amortization attributable to capital expenditures. Adjusted net income, adjusted net income per ordinary share – Diluted, and adjusted EBITDA provide meaningful supplemental information regarding the Company’s performance by excluding share-based compensation expenses, as the investors can better understand the Company’s performance and compare business trends among different reporting periods on a consistent basis. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing the Company’s performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to the Company’s historical performance. The Company believes these non-GAAP financial measures are also useful to investors in allowing for greater transparency with respect to supplemental information used regularly by Company management in financial and operational decision-making. The accompanying tables provide more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

The use of these non-GAAP measures has certain limitations, as the excluded items have been and will be incurred, and are not reflected in the presentation of these non-GAAP measures. Each of these items should also be considered in the overall evaluation of the results. The Company compensates for these limitations by providing the disclosure of the relevant items both in its reconciliations to the U.S. GAAP financial measures and in its consolidated financial statements, all of which should be considered when evaluating the performance of the Company.

In addition, these measures may not be comparable to similarly titled measures utilized by other companies, as these companies may not calculate these measures in the same manner as the Company does.

About Atour Lifestyle Holdings Limited

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a leading lifestyle group in China that operates both hospitality and retail businesses. As a leader in quality living, Atour is dedicated to creating an intimate ambiance where people can warmly connect. Guided by its people-serving philosophy, Atour continuously refines its products and services to curate exceptional experiences for every user.

For more information, please visit https://ir.yaduo.com.

Investor Relations Contact

Atour Lifestyle Holdings Limited
Email: [email protected]

Christensen Advisory
Email: [email protected]
Tel: +86-10-5900-1548

—Financial Tables and Operational Data Follow—

ATOUR LIFESTYLE HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except share data and per share data, or otherwise noted)
		As of		As of
		December 31,		June 30,
		2025		2026
		RMB		RMB		USD1
Assets
Current assets
Cash and cash equivalents		3,303,949		3,924,845		578,451
Short-term investments		2,562,745		1,797,192		264,873
Accounts receivable		341,446		421,368		62,102
Prepayments and other current assets		675,974		601,404		88,636
Amounts due from related parties		192,289		191,781		28,265
Inventories		278,802		173,927		25,633
Total current assets		7,355,205		7,110,517		1,047,960
Non-current assets
Restricted cash		16,223		22,720		3,349
Contract costs		134,268		139,108		20,502
Property and equipment, net		225,603		205,596		30,301
Operating lease right-of-use assets		1,108,548		889,953		131,163
Intangible assets, net		4,712		3,744		552
Goodwill		17,446		17,446		2,571
Other assets		51,905		48,906		7,208
Deferred tax assets		253,596		244,540		36,041
Total non-current assets		1,812,301		1,572,013		231,687
Total assets		9,167,506		8,682,530		1,279,647
Liabilities and shareholders’ equity
Current liabilities
Operating lease liabilities, current		230,201		260,815		38,439
Accounts payable		821,997		1,030,026		151,807
Deferred revenue, current		701,147		490,881		72,347
Salary and welfare payable		316,562		292,837		43,159
Accrued expenses and other payables		1,090,394		1,097,564		161,761
Income taxes payable		312,302		268,517		39,575
Short-term borrowings		250,000		235,000		34,635
Amounts due to related parties		2,886		2,628		387
Total current liabilities		3,725,489		3,678,268		542,110
Non-current liabilities
Operating lease liabilities, non-current		1,042,719		797,006		117,464
Deferred revenue, non-current		526,439		541,913		79,868
Long-term borrowings, non-current portion		2,000		2,000		295
Other non-current liabilities		290,058		303,075		44,668
Total non-current liabilities		1,861,216		1,643,994		242,295
Total liabilities		5,586,705		5,322,262		784,405

_________________
¹Translations of balances in the consolidated financial statements from RMB into US$ for the second quarter of 2026 and as of June 30, 2026 are solely for readers’ convenience and were calculated at the rate of US$1.00=RMB 6.7851, representing the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on June 30, 2026.

ATOUR LIFESTYLE HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
(All amounts in thousands, except share data and per share data, or otherwise noted)
		As of			As of
		December 31,			June 30,
		2025			2026
		RMB			RMB			USD1
Shareholders’ equity
Class A ordinary shares		246			238			35
Class B ordinary shares		56			56			8
Treasury shares		(326,400	)		(40,834	)		(6,018	)
Additional paid in capital		1,758,365			758,401			111,774
Retained earnings		2,195,519			2,714,562			400,077
Accumulated other comprehensive loss		(34,307	)		(59,817	)		(8,816	)
Total equity attributable to shareholders of the Company		3,593,479			3,372,606			497,060
Non-controlling interests		(12,678	)		(12,338	)		(1,818	)
Total shareholders’ equity		3,580,801			3,360,268			495,242
Commitments and contingencies		–			–			–
Total liabilities and shareholders’ equity		9,167,506			8,682,530			1,279,647

ATOUR LIFESTYLE HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(All amounts in thousands, except share data and per share data, or otherwise noted)
		Three Months Ended									Six Months Ended
		June 30,			June 30,						June 30,			June 30,
		2025			2026						2025			2026
		RMB			RMB			USD1			RMB			RMB			USD1
Revenues:
Manachised hotels		1,299,194			1,725,369			254,288			2,331,377			3,293,417			485,390
Leased hotels		149,597			131,915			19,442			278,160			250,207			36,876
Retail		964,849			1,574,522			232,056			1,658,628			2,645,721			389,931
Others		54,909			58,541			8,627			106,198			112,243			16,543
Net revenues		2,468,549			3,490,347			514,413			4,374,363			6,301,588			928,740
Operating costs and expenses:
Hotel operating costs		(893,231	)		(1,198,048	)		(176,570	)		(1,629,376	)		(2,334,416	)		(344,050	)
Retail costs		(450,542	)		(765,135	)		(112,767	)		(787,968	)		(1,272,395	)		(187,528	)
Other operating costs		(6,593	)		(5,198	)		(767	)		(14,221	)		(9,656	)		(1,423	)
Selling and marketing expenses		(392,847	)		(605,945	)		(89,305	)		(675,744	)		(1,007,109	)		(148,429	)
General and administrative expenses		(89,546	)		(129,917	)		(19,147	)		(251,359	)		(269,801	)		(39,764	)
Technology and development expenses		(42,574	)		(56,838	)		(8,377	)		(81,955	)		(107,249	)		(15,807	)
Total operating costs and expenses		(1,875,333	)		(2,761,081	)		(406,933	)		(3,440,623	)		(5,000,626	)		(737,001	)
Other operating income, net		2,966			43,981			6,482			17,723			135,246			19,932
Income from operations		596,182			773,247			113,962			951,463			1,436,208			211,671
Interest income		22,437			8,758			1,291			41,717			17,885			2,636
Gain from short-term investments		8,674			11,708			1,726			18,525			23,503			3,464
Interest expense		(781	)		(1,539	)		(227	)		(1,395	)		(3,260	)		(480	)
Other (expenses) income, net		(9,791	)		10,867			1,601			(15,900	)		10,892			1,605
Income before income tax		616,721			803,041			118,353			994,410			1,485,228			218,896
Income tax expense		(191,871	)		(255,114	)		(37,599	)		(325,982	)		(473,817	)		(69,832	)
Net income		424,850			547,927			80,754			668,428			1,011,411			149,064
Less: net income attributable to non-controlling interests		619			210			31			1,494			340			50
Net income attributable to the Company		424,231			547,717			80,723			666,934			1,011,071			149,014
Net income		424,850			547,927			80,754			668,428			1,011,411			149,064
Other comprehensive loss
Foreign currency translation adjustments, net of nil income taxes		(15,399	)		(17,089	)		(2,519	)		(24,754	)		(25,510	)		(3,760	)
Other comprehensive loss, net of nil income taxes		(15,399	)		(17,089	)		(2,519	)		(24,754	)		(25,510	)		(3,760	)
Total comprehensive income		409,451			530,838			78,235			643,674			985,901			145,304
Comprehensive income attributable to non-controlling interests		619			210			31			1,494			340			50
Comprehensive income attributable to the Company		408,832			530,628			78,204			642,180			985,561			145,254
Net income per ordinary share
—Basic		1.02			1.35			0.20			1.61			2.47			0.36
—Diluted		1.01			1.33			0.20			1.59			2.45			0.36
Weighted average ordinary shares used in calculating net income per ordinary share
—Basic		416,249,651			406,464,388			406,464,388			415,473,352			409,057,566			409,057,566
—Diluted		419,793,860			410,476,026			410,476,026			419,500,241			413,112,175			413,112,175

ATOUR LIFESTYLE HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(All amounts in thousands, except share data and per share data, or otherwise noted)
		Three Months Ended									Six Months Ended
		June 30,			June 30,						June 30,			June 30,
		2025			2026						2025			2026
		RMB			RMB			USD1			RMB			RMB			USD1
Cash flows from operating activities:
Net cash generated from operating activities		766,503			835,227			123,097			768,471			1,127,552			166,181
Cash flows from investing activities:
Payment for purchases of property and equipment		(28,971	)		(6,475	)		(954	)		(48,271	)		(10,307	)		(1,519	)
Proceeds from disposal of property and equipment		–			–			–			4,740			–			–
Payment for purchases of intangible assets		(152	)		(62	)		(9	)		(227	)		(1,790	)		(264	)
Payment for purchases of short-term investments		(3,224,000	)		(5,547,000	)		(817,527	)		(6,817,000	)		(9,739,460	)		(1,435,419	)
Proceeds from maturities of short-term investments		2,482,370			5,835,180			859,999			5,612,366			10,528,516			1,551,711
Net cash (used in) generated from investing activities		(770,753	)		281,643			41,509			(1,248,392	)		776,959			114,509
Cash flows from financing activities:
Proceeds from borrowings		5,000			–			–			35,000			15,000			2,211
Repayment of borrowings		(10,000	)		(5,000	)		(737	)		(30,000	)		(30,000	)		(4,421	)
Proceeds from stock option exercises		11,885			1,874			276			13,331			5,365			791
Payment for dividends		(418,188	)		(492,028	)		(72,516	)		(418,188	)		(492,028	)		(72,516	)
Payment for share repurchases		–			(360,235	)		(53,092	)		–			(753,059	)		(110,987	)
Others		–			(5,383	)		(793	)		–			(5,383	)		(793	)
Net cash used in financing activities		(411,303	)		(860,772	)		(126,862	)		(399,857	)		(1,260,105	)		(185,715	)
Effect of exchange rate changes on cash and cash equivalents and restricted cash		(14,864	)		(8,002	)		(1,178	)		(23,077	)		(17,013	)		(2,508	)
Net (decrease) increase in cash and cash equivalents and restricted cash		(430,417	)		248,096			36,566			(902,855	)		627,393			92,467
Cash and cash equivalents and restricted cash at the beginning of the period		3,147,192			3,699,469			545,234			3,619,630			3,320,172			489,333
Cash and cash equivalents and restricted cash at the end of the period		2,716,775			3,947,565			581,800			2,716,775			3,947,565			581,800

ATOUR LIFESTYLE HOLDINGS LIMITED
UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(All amounts in thousands, except share data and per share data, or otherwise noted)
		Three Months Ended									Six Months Ended
		June 30,			June 30,						June 30,			June 30,
		2025			2026						2025			2026
		RMB			RMB			USD1			RMB			RMB			USD1
Net income (GAAP)		424,850			547,927			80,754			668,428			1,011,411			149,064
Share-based compensation expenses, net of tax effect of nil2		1,838			10,302			1,518			103,387			36,785			5,421
Adjusted net income (non-GAAP)		426,688			558,229			82,272			771,815			1,048,196			154,485
		Three Months Ended									Six Months Ended
		June 30,			June 30,						June 30,			June 30,
		2025			2026						2025			2026
		RMB			RMB			USD1			RMB			RMB			USD1
Net income per ordinary share – Diluted (GAAP)		1.01			1.33			0.20			1.59			2.45			0.36
Share-based compensation expenses, net of tax effect of nil per ordinary share2		0.00			0.03			0.00			0.25			0.09			0.01
Adjusted net income per ordinary share – Diluted (non-GAAP)		1.01			1.36			0.20			1.84			2.54			0.37
		Three Months Ended									Six Months Ended
		June 30,			June 30,						June 30,			June 30,
		2025			2026						2025			2026
		RMB			RMB			USD1			RMB			RMB			USD1
Net income (GAAP)		424,850			547,927			80,754			668,428			1,011,411			149,064
Interest income		(22,437	)		(8,758	)		(1,291	)		(41,717	)		(17,885	)		(2,636	)
Interest expense		781			1,539			227			1,395			3,260			480
Income tax expense		191,871			255,114			37,599			325,982			473,817			69,832
Depreciation and amortization		12,786			14,464			2,132			25,996			29,092			4,288
EBITDA (non-GAAP)		607,851			810,286			119,421			980,084			1,499,695			221,028
Share-based compensation expenses		1,838			10,302			1,518			103,387			36,785			5,421
Adjusted EBITDA (non-GAAP)		609,689			820,588			120,939			1,083,471			1,536,480			226,449

__________________
² The share-based compensation expenses were recorded at entities in PRC. Share-based compensation expenses were non-deductible expenses in PRC. Therefore, there is no tax impact for share-based compensation expenses adjustment for non-GAAP financial measures.

Key Operating Data

	Number of Hotels				Number of Rooms
	Opened in Q 2 2026	Closed in Q 2 2026	As of June 30, 202 6		As of June 30, 202 6
Manachised hotels	101	14	2,156		239,389
Leased hotels	–	–	19		3,137
Total	101	14	2,175		242,526

Hotel Brand	Positioning	As of June 30, 2026
		Properties		Rooms
		Manachised	Leased
A.T. House	Luxury	–	1	214
SAVHE	Upscale	2	1	487
Atour S	Upscale	92	1	12,540
Atour Origin	Upper midscale	60	1	7,216
Atour	Upper midscale	1,611	13	183,410
Atour X	Upper midscale	174	2	18,635
Atour Light	Midscale	217	–	20,024
Total		2,156	19	242,526

	All Hotels in Operation
	Three Months Ended		Three Months Ended		Three Months Ended
	June 30, 2025		March 31, 2026		June 30, 2026
Occupancy rate3 (in percentage)
Manachised hotels	76.2%		70.5%		76.2%
Leased hotels	82.4%		77.5%		82.3%
All hotels	76.4 %		70.6 %		76.2 %
ADR3 (in RMB)
Manachised hotels	429.6		424.5		435.6
Leased hotels	590.7		574.4		597.4
All hotels	432.8		426.8		437.9
RevPAR3 (in RMB)
Manachised hotels	339.9		309.4		343.1
Leased hotels	513.0		472.3		518.1
All hotels	343.1		311.6		345.4

	Hotels in Operation for More Than 18 Months in Q2 2026 4
	Number of hotels			Same-hotel Occupancy3 (in percentage)			Same-hotel ADR3 (in RMB)			Same-hotel RevPAR3 (in RMB)
	Q 2 2025	Q 2 2026		Q 2 2025	Q 2 2026		Q 2 2025	Q 2 2026		Q 2 2025	Q 2 2026
Manachised hotels	1,442	1,442		77.3%	76.5%		429.4	421.9		344.5	334.1
Leased hotels	18	18		83.3%	82.2%		576.3	564.1		504.3	486.0
All hotels	1,460	1,460		77.4 %	76.6 %		432.0	424.6		347.2	336.8

____________________
³Excludes hotel rooms that became unavailable due to temporary hotel closures. ADR and RevPAR are calculated based on tax-inclusive room rates.
⁴ For any given period, we define “same-hotel” as a hotel that has operated for more than 18 calendar months as of the 15th day (inclusive) of any month within that period. The OCC, ADR and RevPAR presented above represent such metrics generated by “same hotels” in the given period, compared to the corresponding metrics generated by these “same hotels” during the same period in 2025.

COSTA MESA, Calif., Aug. 20, 2026 (GLOBE NEWSWIRE) — Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that registration is now open for its Investor Day on Thursday, September 17, 2026.

The event will feature presentations from Ducommun’s chairman, president and chief executive officer, Stephen G. Oswald, senior vice president and chief financial officer, Suman Mookerji, senior vice president of Electronics & Structural Systems, Jerry Redondo, and vice president of Engineered Products, Clay Bringhurst. Oswald commented, “I am thrilled for our meeting on September 17th, when we can provide an update on all our progress regarding VISION 2027 to Ducommun shareholders. We are also planning to unveil the new 5-year road map, VISION 2032 at that time and I am looking forward to sharing those exciting plans with everyone.” The new VISION 2032 Strategy will include key focus areas for growth, investment, and capital allocation strategies that are intended to strengthen Ducommun and add shareholder value over the years ahead.

The event will be held in New York and streamed live, starting at 9 am EDT and running through 11am EDT. Registration is required for the live webcast and available at this link. In person attendance seating is limited and by invitation only. The presentation materials will be posted to the Ducommun Investor Relations website promptly following the event and the video recording of the session will also be made available online within 24 hours of the meeting.

About Ducommun Incorporated

Ducommun Incorporated delivers value-added innovative products, aftermarket and manufacturing solutions to customers in the aerospace, defense and space markets and aspires to contribute to the advancement of those industries. Founded in 1849, the Company specializes in two core areas — Electronic Systems and Structural Systems — to produce complex products and components for commercial aircraft platforms and mission-critical military and space programs. For more information, visit Ducommun.com

CONTACTS:

Suman Mookerji, Senior Vice President, Chief Financial Officer, 657.335.3665

BEIJING, Aug. 20, 2026 (GLOBE NEWSWIRE) — 36Kr Holdings Inc. (“36Kr” or the “Company” or “We”) (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced its unaudited financial results for the six months ended June 30, 2026.

Financial and Operational Highlights for the First Half of 2026

• Number of followers
  ¹ as of June 30, 2026 stood at 36.5 million, essentially flat compared with 36.6 million as of June 30, 2025.
• Total revenues increased by 33.7% to RMB124.6 million (US$18.4 million) in the first half of 2026, from RMB93.2 million in the same period of 2025. 
• Revenues from online advertising services increased by 38.9% to RMB103.5 million (US$15.3 million) in the first half of 2026, from RMB74.5 million in the same period of 2025. 
• Revenues from enterprise value-added services increased by 25.4% to RMB15.3 million (US$2.3 million) in the first half of 2026, from RMB12.2 million in the same period of 2025. 
• Revenues from subscription services were RMB5.8 million (US$0.8 million) in the first half of 2026, compared to RMB6.4 million in the same period of 2025. 
• Gross margin was 66.4% in the six months ended June 30, 2026, representing an increase of 12 percentage points from 54.4% in the same period of 2025. 
• Net income was RMB15.4 million (US$2.3 million) in the six months ended June 30, 2026, compared to a net loss of RMB4.8 million in the same period of 2025.

________________________
¹ “Number of followers” refers to the aggregate number of followers across the official accounts we own and/or operate on various social media and online platforms, including but not limited to Weixin, Weibo, Zhihu, Toutiao, Xinhua Net, Douyin, Rednote and Bilibili.

Selected Operating Data

	For the Six Months Ended June 30,
	2025		2026
Online advertising services
Number of online advertising services end customers	226		407
Average revenue per online advertising services end customer (RMB’000)2	329.7		254.4
Enterprise value-added services
Number of enterprise value-added services end customers	49		61
Average revenue per enterprise value-added services end customer (RMB’000)3	249.5		250.6
Subscription services
Number of institutional investors	102		84
Average revenue per institutional investor (RMB’000)4	63.1		68.5

Mr. Dagang Feng, Chairman and CEO of 36Kr, commented, “In the first half of 2026, despite macroeconomic uncertainties, we grew total revenues by 33.7% year over year and delivered our second consecutive half-year of profitability. Revenue growth was led by a 38.9% year-over-year increase in online advertising services revenues as demand from the AI sector accelerated. We continued to strengthen our content ecosystem, reinforcing 36Kr’s position as a top thought leader in China’s new economy and technology innovation sectors, while extending our omni-channel distribution matrix. As of June 30, 2026, the number of our followers reached 36.5 million. Looking ahead, we will continue to build our content strengths, deepen our presence in frontier industries and technology verticals, and capture the opportunities of the AI era to create value for all of our stakeholders.”

Mr. Xiang Li, Chief Financial Officer of 36Kr, added, “We delivered a robust financial performance in the first half of 2026. Total revenues reached RMB124.6 million, up 33.7% year over year. Gross profit rose 63.1% year-over-year to RMB82.7 million and gross margin expanded by 12 percentage points to 66.4% from 54.4% in the same period of 2025, reflecting an improved revenue mix and disciplined cost control. Net income was RMB15.4 million, turning around from a net loss of RMB4.8 million in the prior year period. We ended the period with RMB124.2 million in cash and cash equivalents, restricted cash and short-term investments, up 6.9% from RMB116.1 million as of December 31, 2025, giving us ample liquidity to fund operations and sustain profitability while investing in high-quality, sustainable growth.”

________________________
² Equals revenues generated from online advertising services for a period divided by the number of online advertising services end customers in the same period.
³ Equals revenues generated from enterprise value-added services for a period divided by the number of enterprise value-added services end customers in the same period.
⁴ Equals revenues generated from institutional investor subscription services for a period divided by the number of institutional investors in the same period.

Unaudited Financial Results for the First Half of 2026

Total revenues increased by 33.7% to RMB124.6 million (US$18.4 million) in the six months ended June 30, 2026, from RMB93.2 million in the same period of 2025.

• Online advertising services revenues increased by 38.9% to RMB103.5 million (US$15.3 million) in the six months ended June 30, 2026, from RMB74.5 million in the same period of 2025. The increase was primarily attributable to surging demand from the AI sector for our advertising solutions.
• Enterprise value-added services revenues increased by 25.4% to RMB15.3 million (US$2.3 million) in the six months ended June 30, 2026, from RMB12.2 million in the same period of 2025. The increase was primarily driven by our ongoing refinement of service offerings aimed at margin improvement.
• Subscription services revenues were RMB5.8 million (US$0.8 million) in the six months ended June 30, 2026, compared to RMB6.4 million in the same period of 2025. The decrease was primarily due to a strategic shift in this segment’s customer composition.

Cost of revenues was RMB41.9 million (US$6.2 million) in the six months ended June 30, 2026, a slight decrease of 1.4% from RMB42.5 million in the same period of 2025. The decrease was primarily driven by the Company’s strict cost control measures.

Gross profit increased by 63.1% to RMB82.7 million (US$12.2 million) in the six months ended June 30, 2026, from RMB50.7 million in the same period of 2025. Gross profit margin was 66.4% in the six months ended June 30, 2026, representing an increase of 12 percentage points from 54.4% in the same period of 2025. The increase in gross margin was primarily driven by higher margins from our online advertising services within the AI sector and a significant increase in related revenues, alongside flat payroll-related cost resulting from our strategic workforce management.

Operating expenses increased by 6.6% to RMB59.6 million (US$8.8 million) in the six months ended June 30, 2026, from RMB55.9 million in the same period of 2025.

• Sales and marketing expenses were RMB29.2 million (US$4.3 million) in the six months ended June 30, 2026, remaining flat year over year, reflecting our disciplined approach to sales spending. 
• General and administrative expenses were RMB24.1 million (US$3.5 million) in the six months ended June 30, 2026, an increase of 20.5% from RMB20.0 million in the same period of 2025. The increase was primarily related to the increase in allowance for doubtful accounts and the payroll-related expenses. 
• Research and development expenses were RMB6.4 million (US$0.9 million) in the six months ended June 30, 2026, remaining flat year over year, primarily reflecting our continued focus on R&D efficiency and strategic project prioritization.

Share-based compensation expenses recognized in cost of revenues, sales and marketing expenses, research and development expenses, as well as general and administrative expenses totaled RMB19.7 thousand (US$2.9 thousand) in the six months ended June 30, 2026, compared to RMB89.6 thousand in the same period of 2025.

Other
expenses were RMB7.7 million (US$1.1 million) in the six months ended June 30, 2026, compared to RMB0.4 million of other income in the same period of 2025. The change was mainly due to the increase in long-term investment loss.

Income tax expenses were RMB27 thousand (US$4 thousand) in the six months ended June 30, 2026, compared to RMB4 thousand of income tax credit in the same period of 2025.

Net income was RMB15.4 million (US$2.3 million) in the six months ended June 30, 2026, swinging from a net loss of RMB4.8 million in the same period of 2025. Non-GAAP adjusted net income⁵was RMB15.4 million (US$2.3 million) in the first half of 2026, compared to Non-GAAP adjusted net loss⁵ of RMB4.7 million in the same period of 2025.

Net income attributable to 36Kr Holdings Inc.’s ordinary shareholders was RMB15.0 million (US$2.2 million) in the first half of 2026, compared to net loss attributable to 36Kr Holdings Inc.’s ordinary shareholders of RMB5.0 million in the same period of 2025.

Basic and diluted net income per ADS were RMB7.058 (US$1.040) and RMB7.056 (US$1.040), respectively, in the first half of 2026, compared to basic and diluted net loss per ADS of RMB2.307 in the same period of 2025.

________________________
⁵ Non-GAAP adjusted income/(loss) represents net income/(loss) excluding share-based compensation expenses.

Certain Balance Sheet Items

As of June 30, 2026, the Company had cash and cash equivalents, restricted cash and short-term investments of RMB124.2 million (US$18.3 million), an increase of 6.9% from RMB116.1 million as of December 31, 2025. The increase was mainly attributable to positive cash inflow from operating activities.

Conference Call

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 20, 2026 (8:00 PM Beijing/Hong Kong Time on August 20, 2026).

For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.

Event Title:	36Kr Holdings Inc. 2026 First Half Earnings Conference Call
Pre-registration link:	https://s1.c-conf.com/diamondpass/10056724-2vzyg1.html

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.36kr.com.

A replay of the conference call will be available for one week from the date of the conference, by dialing the following telephone numbers:

United States:	+1-855-883-1031
International:	+61-7-3107-6325
Hong Kong, China:	800-930-639
Mainland China:	400-120-9216
Replay PIN:	10056724

About 36Kr Holdings Inc.

36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China’s New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China’s New Economy.

For more information, please visit: http://ir.36kr.com.

Use of Non-GAAP Financial Measures

In evaluating its business, the Company considers and uses two non-GAAP measures, adjusted net income/(loss) and adjusted EBITDA, as supplemental measures to review and assess its operating performance. The presentation of these two non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company presents these non-GAAP financial measures because they are used by the Company’s management to evaluate its operating performance and formulate business plans. The Company also believes that the use of these non-GAAP measures facilitates investors’ assessment of its operating performance.

These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

The Company compensates for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages investors to review its financial information in its entirety and not rely on a single financial measure.

Adjusted net loss represents net loss excluding share-based compensation expenses.

Adjusted EBITDA represents adjusted net income/(loss) before interest income, interest expenses, income tax expense/(credit), depreciation of property and equipment and amortization of intangible assets.

For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and non-GAAP results” set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars and from U.S. dollars to Renminbi are made at a rate of RMB6.7851 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on of June 30, 2026.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goal and strategies; the Company’s future business development, results of operations and financial condition; relevant government policies and regulations relating to our business and industry; the Company’s expectations regarding the use of proceeds from this offering; the Company’s expectations regarding demand for, and market acceptance of, its services; the Company’s ability to maintain and enhance its brand; the Company’s ability to provide high-quality content in a timely manner to attract and retain users; the Company’s ability to retain and hire quality in-house writers and editors; the Company’s ability to maintain cooperation with third-party professional content providers; the Company’s ability to maintain relationship with third-party platforms; general economic and business condition in China; possible disruptions in commercial activities caused by natural or human-induced disasters; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. 

For investor and media inquiries, please contact:

In China:

36Kr Holdings Inc.
Investor Relations
Tel: +86 (10) 8965-0708
E-mail: [email protected]

Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: [email protected]

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected] 

36Kr Holdings Inc. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
	December 31,			June 30,				June 30,
	2025			2026				2026
	RMB’000			RMB’000				US$’000
Assets
Current assets:
Cash and cash equivalents	102,239			26,411				3,892
Restricted cash	11,902			200				29
Short‑term investments	2,000			97,584				14,382
Accounts receivable, net	61,800			50,457				7,436
Receivables due from related parties	304			198				29
Prepayments and other current assets	11,629			13,762				2,030
Total current assets	189,874			188,612				27,798
Non‑current assets:
Property and equipment, net	3,958			3,760				554
Intangible assets, net	1,172			1,017				150
Long-term investments	82,939			76,663				11,299
Operating lease right-of-use assets, net	19,548			16,039				2,364
Total non‑current assets	107,617			97,479				14,367
Total assets	297,491			286,091				42,165
Liabilities
Current liabilities:
Accounts payable	46,694			41,587				6,129
Salary and welfare payables	23,938			15,821				2,332
Taxes payable	4,095			2,407				355
Deferred revenue	39,900			46,508				6,854
Amounts due to related parties	2,008			452				67
Accrued liabilities and other payables	12,330			9,474				1,396
Short-term bank loan	19,950			10,000				1,474
Operating lease liabilities	8,078			8,452				1,246
Total current liabilities	156,993			134,701				19,853
Non-current liabilities:
Operating lease liabilities	11,426			7,469				1,101
Total non-current liabilities	11,426			7,469				1,101
Total liabilities	168,419			142,170				20,954
Shareholders’ equity
Ordinary shares	694			694				102
Treasury stock	(2,367	)		(2,367		)		(349	)
Additional paid-in capital	2,056,895			2,056,915				303,152
Accumulated deficit	(1,921,092	)		(1,906,123		)		(280,928	)
Accumulated other comprehensive loss	(5,338	)		(5,880		)		(867	)
Total 36Kr Holdings Inc.’s shareholders’ equity	128,792			143,239				21,110
Non-controlling interests	280			682				101
Total shareholders’ equity	129,072			143,921				21,211
Total liabilities and shareholders’ equity	297,491			286,091				42,165

36Kr Holdings Inc. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
	Six Months Ended
	June 3 0, 2025				June 3 0, 2026				June 3 0, 2026
	RMB ’000				RMB ’000				US$’000
Revenues:
Online advertising services	74,507				103,542				15,260
Enterprise value-added services	12,227				15,287				2,253
Subscription services	6,435				5,754				848
Total revenues	93,169				124,583				18,361
Cost of revenues	(42,472	)			(41,908	)			(6,176	)
Gross profit	50,697				82,675				12,185
Operating expenses:
Sales and marketing expenses	(29,445	)			(29,154	)			(4,297	)
General and administrative expenses	(19,995	)			(24,055	)			(3,545	)
Research and development expenses	(6,419	)			(6,387	)			(941	)
Total operating expenses	(55,859	)			(59,596	)			(8,783	)
(Loss)/Income from operations	(5,162	)			23,079				3,402
Other income/(expenses):
Share of loss from equity method investments	(278	)			(584	)			(86	)
Gain on disposal of a subsidiary	355				—				—
Long-term investment gain/(loss)	252				(7,814	)			(1,152	)
Short-term investment income	275				339				50
Government grant	175				221				33
Others, net	(420	)			157				23
(Loss)/ Income before income tax	(4,803	)			15,398				2,270
Income tax credit/(expenses)	4				(27	)			(4	)
Net (loss)/income	(4,799	)			15,371				2,266
Net income attributable to non-controlling interests	(183	)			(402	)			(59	)
Net (loss)/income attributable to 36Kr Holdings Inc.’s ordinary shareholders	(4,982	)			14,969				2,207
Net (loss)/income	(4,799	)			15,371				2,266
Other comprehensive loss
Foreign currency translation adjustments	(77	)			(542	)			(80	)
Total other comprehensive loss	(77	)			(542	)			(80	)
Total comprehensive ( loss) /income	(4,876	)		14,829				2,186
Comprehensive income attributable to non-controlling interests	(183	)		(402		)		(59		)
Comprehensive (loss)/income attributable to 36Kr Holdings Inc.’s ordinary shareholders	(5,059	)		14,427				2,127

Net (loss)/income per ordinary share (RMB)
Basic	(0.005	)		0.014		0.002
Diluted	(0.005	)		0.014		0.002
Net (loss)/income per ADS (RMB)
Basic	(2.307	)		7.058		1.040
Diluted	(2.307	)		7.056		1.040
Weighted average number of ordinary shares used in per share calculation
Basic	1,056,845,184			1,060,391,309		1,060,391,309
Diluted	1,056,845,184			1,060,720,158		1,060,720,158
Weighted average number of ADS used in per ADS calculation
Basic	2,113,690			2,120,783		2,120,783
Diluted	2,113,690			2,121,440		2,121,440

36Kr Holdings Inc. UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
		Six Months Ended
		June 3 0, 2025			June 3 0, 2026			June 3 0, 2026
		RMB’000			RMB ’000			US$’000
Net (loss ) /income		(4,799	)		15,371			2,266
Share-based compensation expenses		90			20			3
Non-GAAP adjusted net ( loss )/income		(4,709	)		15,391			2,269
Interest income, net		(296	)		(236	)		(35		)
Income tax (credit)/expenses		(4	)		27			4
Depreciation and amortization expenses		767			684			101
Non-GAAP adjusted EBITDA		(4,242	)		15,866			2,339