Sep 8, 2026 earnings call — Shift to AI-powered education application services
Net revenues rose 254.6% year-over-year to RMB 90.1 million and the company reported GAAP net income of RMB 1.1 million.
Revenue $0.0B (est $0.1B) · EPS $0.06 (est $-8.60)
Key quotes
"Another important milestone during the quarter was the introduction of our personalized AI agent for individual teachers."
"The substantial growth was primarily driven by the continued expansion of Yiqi Aixue, our consumer-facing AI-powered membership product, complemented by the ongoing contributions from district-level and school-based subscription projects."
"We are pleased to report strong financial results for the second quarter of 2026, highlighted by the company's first quarterly net profit on GAAP and non-GAAP basis since its strategic transformation."
Analyst Q&A 1
consumer growth and school/district pipeline
Q (William Gregozeski · Greenridge Global): He asked how the consumer product Yiqi Aixue has performed versus initial expectations and what growth they expect. He also asked about the shape of the B-end and G-end pipeline.
A: They said Yiqi Aixue, introduced in late 2025, has become an important growth engine faster than expected, showing strong top-line growth and increasingly encouraging economics as it scales. They said district and school demand is evolving: Minhang moved from SaaS purchases toward personalized AI agents, and some schools are upgrading to agentic services that can be productized and replicated. They will remain selective and focus on projects that are strategically aligned, replicable, and commercially sound.
"The business has developed into an important growth engine for the company faster than we initially anticipated." — Sishi Zhou (CFO)