ZERO2IPO swings to RMB15.1 million interim profit on 27% revenue growth

ZERO2IPO reported interim net profit of RMB15.1 million for the six months ended June 2026, swinging from a year-earlier loss.

Revenue reached RMB71.03 million, up 27.2 percent from a year earlier, the Hong Kong-listed venture-capital data provider said. Earnings per share came in at RMB0.05, against a loss of RMB15.31 million in the corresponding period last year.

No interim dividend was declared, extending a payout drought that dates to at least 2024. The company's dividend history shows no distributions across interim or final results since August 2024.

The swing to profit comes as shares of ZERO2IPO fell 4.5 percent, with the Hong Kong quote delayed at least 15 minutes. The turnaround gives management room to resume capital returns, though the absence of a payout suggests cash is being retained for growth.

ZERO2IPO tracks fundraising, dealmaking and exits across China's private-equity and venture-capital market, competing with data providers including IT Juzi and Qingke for coverage of the country's startup financing landscape. The 27.2 percent revenue gain shows demand for deal data is recovering after a period when China's venture-capital fundraising remained subdued, pressuring revenue across the sector.

The swing to profit marks a reversal from the RMB15.31 million loss recorded in the first half of 2025. The move to a positive EPS of RMB0.05 points to improving profitability as the company scales its data and research offerings, which include fundraising databases, deal trackers and market research reports used by investors and fund managers.

The results come as China's private-equity and venture-capital industry works through a prolonged fundraising slowdown, with limited partners holding back on new commitments. Data providers that sell subscription access to deal flow and fundraising intelligence are among the first to benefit when activity picks up.

Investors will watch the full-year results for signs the profit swing is sustainable as China's venture-capital fundraising recovers. A continued recovery in deal activity would support further revenue growth, while the decision to skip a dividend keeps cash available for investment.

This article is for informational purposes only and does not constitute investment advice.