JF SMARTINVEST (09636) has released an announcement. For the six months ending June 30, 2026 (the reporting period), the group expects total order value to be approximately RMB 1.68 billion. For the six months ending June 30, 2025 (the corresponding period), total order value was approximately RMB 1.705 billion.

As stated in the company's inside information announcement dated February 9, 2026, the relevant subsidiary suspended new client sign-ups from that date. This created a temporary impact on the revenue structure for the reporting period. Consequently, client orders during the period primarily came from existing client repurchases, with repurchase orders accounting for over 80% of the total by amount for the main products. As of the date of this announcement, the subsidiary has resumed accepting new client sign-ups.

The group expects to record revenue of approximately RMB 1.299 billion, compared to revenue of approximately RMB 2.0997 billion in the same period last year. The order value from the group's main product sales is recognized as revenue in installments over the subscription period. Since most repurchase orders during the reporting period have not yet begun service delivery, their revenue is expected to be recognized in subsequent reporting periods as services commence. As of the end of the reporting period, the contract liability balance was approximately RMB 1.889 billion, which will primarily be recognized as revenue in fiscal years 2026 and 2027. This represents an increase of approximately 133.6% compared to the contract liability balance of approximately RMB 809 million at the end of the same period last year.

The group expects its adjusted profit for the period under non-Hong Kong Financial Reporting Standards (adjusted net profit, excluding share-based compensation expenses) to be between approximately RMB 107 million and RMB 117 million. The group expects net profit attributable to shareholders to be between RMB 25 million and RMB 35 million. The primary reason for the change in net profit for the reporting period is the aforementioned decline in revenue. Furthermore, the company continues to refine its products and technical capabilities, and has expanded the scale of new product teams to drive revenue diversification. Costs and expenses for the reporting period remained at a similar level to the same period last year.