MOBVOI (02438) announced its interim results for the six months ended June 30, 2025. The group generated revenue of RMB 179 million, representing a 10% year-over-year increase. The adjusted net loss amounted to RMB 1.408 million, a significant 97.5% decrease compared to the same period last year. The loss for the period was RMB 2.898 million, down 99.5% year-over-year.

During the reporting period, AI software business revenue reached RMB 80.6 million, declining 21.7% year-over-year. As a pure software business segment, the AIGC business faced intensified global industry competition and rising customer acquisition costs in the first half of the year. The group maintained a core philosophy focused on profitability and sustainable healthy development, actively and proactively implementing reasonable controls over market investment strategies and customer acquisition costs. This approach kept the decline in AIGC business revenue within a manageable range while ensuring steady improvement in the segment's gross margin.

Looking ahead to the second half of the year, the company will continue to closely monitor market competition dynamics and business profitability performance. The group plans to flexibly adjust strategies based on market conditions to ensure optimal returns on overall resource investments and promote continued positive development of the AIGC business.

The AI smart hardware business generated revenue of RMB 98.3 million during the reporting period, representing a 64.8% year-over-year increase. The group increased strategic market investments and brand investments for the new product "TicNote" in the first half of the year, while simultaneously optimizing category inventory structure. These initiatives temporarily caused some fluctuation in the segment's gross margin. As inventory structure adjustments are gradually completed, gross margin performance is expected to stabilize.