BIDU-SW(09888.HK): 2026 Interim Report - Profit Attributable to Shareholders stood at CNY 5.76 billion, YoY decrease of 61.67%

NewTimeSpace News: August 18, 2026, BIDU-SW(09888.HK) released its Interim Report for the period ended December 31, 2026, Total Revenue stood at CNY 63.4 billion, decreased by 2.71% YoY; Net Profit stood at CNY 5.5 billion, YoY decrease of 63.53%; Profit Attributable to Shareholders stood at CNY 5.76 billion, YoY decrease of 61.67%; Basic Earnings Per Share (EPS) stood at CNY 1.93.

In terms of profitability, BIDU-SW Gross Profit changed from CNY 29.32 billion in the same period last year to CNY 24.71 billion in the current period, decreased by CNY 4.61 billion; gross profit margin changed from 45% in the same period last year to 38.98% in the current period, decreased by 6.02 percentage points; net profit changed from CNY 15.08 billion in the same period last year to CNY 5.5 billion in the current period, decreased by CNY 9.58 billion; net profit margin changed from 23.14% in the same period last year to 8.67% in the current period, decreased by 14.47 percentage points.

In terms of earnings quality, BIDU-SW Operating Profit changed from CNY 7.79 billion in the same period last year to CNY 6.22 billion in the current period, decreased by CNY 1.57 billion; Operating Profit Margin changed from 11.95% in the same period last year to 9.81% in the current period, decreased by 2.14 percentage points; Net Cash Flow from Operating Activities changed from cash outflow of CNY 6.88 billion in the same period last year to cash inflow of CNY 6.11 billion in the current period, increased by CNY 12.98 billion; Ratio of Net Cash Flow from Operating Activities to Total Operating Revenue changed from -10.55% in the same period last year to 9.63% in the current period, increased by 20.19 percentage points.

In terms of financial soundness, BIDU-SW Debt-to-Asset Ratio changed from 33.88% in the same period last year to 37.2% in the current period, increased by 3.32 percentage points; Total Equity changed from CNY 285.26 billion in the same period last year to CNY 281.412 billion in the current period, decreased by CNY 3.85 billion; Cash and Cash Equivalents changed from CNY 31.067 billion in the same period last year to CNY 24.694 billion in the current period, decreased by CNY 6.37 billion; Current Liabilities changed from CNY 85.13 billion in the same period last year to CNY 89.12 billion in the current period, increased by CNY 3.99 billion.

In terms of R&D investment focus, BIDU-SW R&D Expenses changed from CNY 9.66 billion in the same period last year to CNY 8.99 billion in the current period, decreased by CNY 675 million; R&D to Total Revenue Ratio changed from 14.83% in the same period last year to 14.18% in the current period, decreased by 0.65 percentage points.

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