KEEP (03650) released its interim results, achieving revenue of 825 million yuan, a year-on-year increase of 0.4%. The revenue from its own branded sports products business grew by 21.7% year-on-year.

KEEP (03650) announced its financial results for the six months ending June 30, 2026, reporting revenue of 825 million RMB, a year-on-year increase of 0.4%. The loss attributable to company owners narrowed to 12.19 million RMB, a reduction of 65.59% compared to the previous year, with basic loss per share of 0.03 RMB. Keep remains firmly anchored in its long-term strategic direction of "AI-driven sports health ecosystem." In the first half of 2026, the group's development progressed along two main lines: first, the development of a leading sports health large language model (LLM) Keepace.ai and its application in the Keep App; second, promoting rapid growth in its proprietary sports product business through product upgrades and channel expansion. The group continues to invest in and develop multi-layered AI capabilities, creating vertical models for sports health, driving application deployment on the App, and exploring the expansion of B-end application scenarios. In April 2026, the app version 9.0 overhaul returned the product to its athletic essence, resulting in improved user metrics such as activation and retention rates. The self-developed sports health vertical model Keepace.ai, released concurrently, demonstrated superior performance compared to mainstream general models in three core tasks: generating sports courses, sports knowledge Q&A, and interpreting sports data, confirming that vertical models have advantages in scientific accuracy, safety, and personalized adaptation in the sports health field. The group's model capabilities have been integrated into the core App scenarios and have rapidly developed: during the reporting period, over 8,000 AI-generated courses were launched, covering major sports categories, and the average daily token usage doubled compared to before the update. After undergoing significant adjustments in 2025, the proprietary sports product business emerged from the bottom, with revenue increasing by 21.7% year-on-year and gross profit margin improving by 5.3 percentage points compared to the previous year. This high-quality growth is driven by a collaborative effort in products, channels, and supply chains, leading to strong growth in both business scale and operating profit. The year 2026 marks the company's first year of venturing into consumer products overseas, successfully piloting several blockbuster products during the reporting period, with overseas revenue reaching approximately 22.1 million RMB, taking the first step towards sustained growth. During the reporting period, the company continued to upgrade its capabilities toward the long-term strategic direction of the "AI-driven sports health ecosystem," accelerating its transition to a "model-driven sports platform." The group launched a professional and user-friendly App 9.0, released version 1.0 of the Keepace.ai sports health vertical model, and continued to promote the integration of data assets, tools, and models on the platform, as well as the enhancement of model capabilities. The group's work focuses mainly on three aspects: first, improving the satisfaction and loyalty of the existing platform users, especially active users, making Keep the preferred platform for users to start their workouts; second, continuously evolving the Keepace.ai vertical model to endow the App with personalized, guiding, and feedback-capable AI service capabilities, creating broader commercialization opportunities; third, beginning to explore external output of Keepace.ai's solutions in sports health, providing AI capabilities for users in various industries and expanding new growth curves.