HIGHLIGHTS:

- Gross billings amounted to approximately RMB1,679.8 million, representing a slight decrease of 1.5% from approximately RMB1,705.4 million in the Corresponding Period, with business fundamentals remaining robust.

- Total revenue was approximately RMB1,290.0 million, and profit attributable to Shareholders was approximately RMB32.3 million.

- As of the end of the Reporting Period, the balance of contract liabilities was approximately RMB1,889.4 million, which will primarily be recognized as revenue for 2026 and 2027.

31 August, JF SmartInvest Holdings Ltd (the Company; together with its subsidiaries, the Group or We) announces its unaudited interim results for the six months ended 30 June 2026 (the first half of 2026 or the Reporting Period).

Sound Financial Performance with Contract Liabilities Rise Sharply to Support Future Performance

During the Reporting Period, under the dual-driver strategy of “technology + investment research”, the Group continued to advance product innovation, AI application and investment research capabilities, maintaining a stable development momentum. Gross billings amounted to approximately RMB1,679.8 million, representing a slight decrease of approximately 1.5% from the Corresponding Period in 2025. Total revenue was approximately RMB1,290.0 million, the non-HKFRS adjusted profit for the period (i.e. excluding the share-based compensation expense) amounted to approximately RMB113.7 million, the profit for the period was approximately RMB31.9 million, and the profit attributable to Shareholders was approximately RMB32.3 million. The changes in revenue and profit were primarily because the majority of orders during the Reporting Period were derived from repurchases by existing customers, and the provision of services for most of these orders had not yet commenced. Such order amounts are expected to be gradually recognized as revenue in subsequent reporting periods upon the commencement of services.

As of the end of the Reporting Period, the balance of contract liabilities amounted to approximately RMB1,889.4 million, representing a substantial year-on-year increase of approximately 133.6%. These contract liabilities will primarily be recognized as revenue for 2026 and 2027, providing solid support for subsequent performance.

Leveraging its sound financial position and ample cash reserves, the Group consistently places great emphasis on Shareholder returns. During the Reporting Period, it repurchased a total of 4,440,800 Shares at an aggregate consideration of approximately HK$134 million, fully demonstrating the management’s confidence in the Company’s long-term development prospects.

Overseas Business Breakthrough and Globalizations Advancement

During the Reporting Period, the Group continued to deepen its strategy of “diversifying product layout domestically + exploring business overseas”. In terms of overseas business, the Group completed the strategic acquisitions of entities including Forthright Securities and Forthright Capital (collectively referred to as “Forthright”) in January 2026. The Group established “dedicated investment advisory”, “in-depth investment research” and “AI intelligent investment” as its core engines, and adopted a dual-track approach to serve mass and private wealth clients by integrating online efficiency with offline trust, advancing various business integrations and infrastructure development in an orderly manner.

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