XtalPi Holdings Limited: XtalPi Holdings Announces 2026 Interim Results

SHENZHEN, China, Aug. 19, 2026 /PRNewswire/ -- In the first half of 2026, the Group recorded revenue of RMB393.6 million, compared with RMB517.1 million in the corresponding period of last year. The change was primarily attributable to the high base in the corresponding period of last year, which reflected the recognition of an upfront payment of US$51.0 million from a major pipeline licensing project. The collaboration progressed well during the Reporting Period, and the Group received the second payment of US$19.0 million. Excluding this impact, revenue increased by 73.8% year on year. Revenue from AI4S Intelligent Solutions amounted to RMB193.5 million, representing a year-on-year increase of 136.4%, with both AI4S Intelligent Robotic Laboratories (Physical AI) and AI4S Intelligent Services maintaining rapid growth. In the first half of 2026, the Group recorded a net loss of RMB224.9 million and an adjusted net loss of RMB105.5 million, primarily due to the year-on-year decline in revenue and a 66.0% year-on-year increase in R&D expenses. The increase in R&D expenses was mainly attributable to the Group's continued investment in its autonomous laboratories, agent systems, pipeline programs under development and multimodal technology platforms. As of June 30, 2026, the Group had a total cash balance…