High Templar Tech (HTT) Q2 2025 earnings summary

Executive summary

• Total revenues fell sharply to RMB3.5 million, down from RMB53.3 million year-over-year, mainly due to the wind-down of the last-mile delivery business.

• Net income attributable to shareholders rose to RMB311.8 million from RMB99.8 million year-over-year, driven by higher investment income.

• The company is exiting its last-mile delivery business to focus on sustainable growth and prudent cash management.

Financial highlights

• Sales income and others decreased by 93.5% year-over-year to RMB3.5 million.

• Net income per diluted ADS was RMB1.86, up from RMB0.53 year-over-year.

• Interest and investment income, net, surged 392.3% to RMB440.5 million.

• Loss from operations widened to RMB113.9 million from RMB57.4 million year-over-year.

• Cash and cash equivalents stood at RMB4,029.0 million as of June 30, 2025.

Outlook and guidance

• The company expects to maintain prudent cash management and continue its business transition after winding down the last-mile delivery business.