STOCK TITAN

36Kr swings to RMB15.4M profit on AI ad demand

36Kr Holdings Inc. (NASDAQ: KRKR) reported a strong turnaround for the six months ended June 30, 2026.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

36Kr Holdings Inc. (NASDAQ: KRKR) reported a strong turnaround for the six months ended June 30, 2026. Total revenues rose 33.7% to RMB124.6 million, driven mainly by online advertising services, particularly from AI-sector demand. Online advertising revenue reached RMB103.5 million, with end customers increasing from 226 to 407.

Gross profit grew 63.1% to RMB82.7 million, and gross margin expanded to 66.4% from 54.4%, helped by higher-margin AI advertising and tight cost control, including slightly lower cost of revenues. Operating expenses increased only 6.6% despite the growth, though general and administrative costs rose.

The company posted net income of RMB15.4 million, reversing a RMB4.8 million loss a year earlier, and non-GAAP adjusted net income and adjusted EBITDA were also positive. 36Kr ended the period with RMB124.2 million in cash, restricted cash and short-term investments, up 6.9% from year-end 2025, providing liquidity to support operations and selective growth investments.

Positive

  • Total revenues increased 33.7% to RMB124.6 million year over year, indicating strong top-line growth across core service lines.
  • Gross profit rose 63.1% to RMB82.7 million and gross margin expanded by 12 percentage points to 66.4%, reflecting a more profitable revenue mix and cost discipline.
  • Net income reached RMB15.4 million, a swing from a RMB4.8 million net loss in the prior-year period, with non-GAAP adjusted EBITDA turning from negative to RMB15.9 million.
  • Cash, restricted cash and short-term investments increased 6.9% to RMB124.2 million, while total liabilities declined, strengthening the balance sheet.
  • Online advertising end customers grew from 226 to 407, and online advertising revenue increased from RMB74.5 million to RMB103.5 million, supported by accelerating AI-sector demand.

Negative

  • Other expenses were RMB7.7 million versus RMB0.4 million of other income a year earlier, mainly due to a RMB7.8 million long-term investment loss.
  • Subscription services revenue declined from RMB6.4 million to RMB5.8 million, and the number of institutional investors fell from 102 to 84, signaling pressure in that segment.
  • General and administrative expenses increased from RMB20.0 million to RMB24.1 million, a rise of about 20%, partly offsetting operating leverage gains.

Filing Explained

At June 30, 2026, 36Kr had moved to operating income, while most reported liquidity was held in short-term investments.

Form 6-K is an interim report used by a foreign private issuer to furnish material information published in its home market, and this filing furnishes 36Kr’s unaudited financial results for the six months ended June 30, 2026.

For that completed reporting period, the company reported operating income of RMB23,079 thousand versus an operating loss of RMB5,162 thousand in the comparable 2025 period, changing the reported operating result from loss to income.

Online advertising end customers increased from 226 to 407, while average revenue per customer decreased from RMB329.7 thousand to RMB254.4 thousand for the respective six-month periods.

The filing also reports a long-term investment loss of RMB7,814 thousand within other expenses during the first half of 2026.

As of June 30, 2026, the reported RMB124.2 million of cash, restricted cash and short-term investments included RMB97,584 thousand of short-term investments, RMB26,411 thousand of cash and cash equivalents, and RMB200 thousand of restricted cash.

Total revenues RMB124.6 million Six months ended June 30, 2026; up 33.7% from RMB93.2 million in 2025
Gross profit RMB82.7 million Six months ended June 30, 2026; up 63.1% from RMB50.7 million in 2025
Gross margin 66.4% Six months ended June 30, 2026; increased from 54.4% in 2025
Net income RMB15.4 million Six months ended June 30, 2026; versus net loss of RMB4.8 million in 2025
Cash, restricted cash and short-term investments RMB124.2 million Balance as of June 30, 2026; up 6.9% from RMB116.1 million at December 31, 2025
Online advertising revenues RMB103.542 million Six months ended June 30, 2026; up from RMB74.507 million in 2025
Subscription services revenues RMB5.754 million Six months ended June 30, 2026; down from RMB6.435 million in 2025
Non-GAAP adjusted EBITDA RMB15.866 million Six months ended June 30, 2026; improved from negative RMB4.242 million in 2025
Non-GAAP adjusted EBITDA financial
"Adjusted EBITDA represents adjusted net income/(loss) before interest income, interest expenses"
Non-GAAP adjusted EBITDA is a measure of a company's profitability that shows earnings before interest, taxes, depreciation, and amortization, with certain adjustments made to exclude irregular or non-recurring expenses and income. It provides a clearer picture of ongoing operational performance by filtering out items that might distort the core business results. Investors use it to better compare how well different companies are performing without the noise of one-time events.
deferred revenue financial
"Deferred revenue | | | 39,900 | | | | 46,508 |"
Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.
ADS financial
"Basic and diluted net income per ADS were RMB7.058 (US$1.040)"
Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.
operating lease right-of-use assets financial
"Operating lease right-of-use assets, net | | | 19,548 | | | | 16,039"
An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.
long-term investments financial
"Long-term investments | | | 82,939 | | | | 76,663"
Long-term investments are assets bought with the intention of holding them for years or decades to capture growth, income, or both rather than quick gains from frequent trading. Like planting a tree and waiting for it to mature, they smooth out short-term price swings and let returns compound over time, so they matter to investors because they shape risk exposure, potential returns and financial planning for goals such as retirement or large future expenses.
Total revenues RMB124.6 million 33.7% increase year over year
Gross margin 66.4% 12 percentage point expansion from 54.4%
Net income RMB15.4 million Swing from RMB4.8 million net loss to profit
Non-GAAP adjusted EBITDA RMB15.866 million Improved from negative RMB4.242 million

FAQ

How did 36Kr (KRKR) perform financially in the first half of 2026?

36Kr reported revenue of RMB124.6 million, up 33.7% year over year, and net income of RMB15.4 million versus a RMB4.8 million loss a year earlier. Gross profit grew 63.1% to RMB82.7 million, with gross margin improving to 66.4%.

What drove revenue growth for 36Kr (KRKR) in the first half of 2026?

Growth was led by online advertising services, where revenue increased from RMB74.5 million to RMB103.5 million and end customers rose from 226 to 407. Management highlighted accelerating demand from the AI sector and a stronger content ecosystem.

Did 36Kr (KRKR) achieve profitability in the first half of 2026?

Yes. 36Kr generated net income of RMB15.4 million, compared with a RMB4.8 million net loss in the first half of 2025. Non-GAAP adjusted net income was RMB15.4 million, and non-GAAP adjusted EBITDA improved to RMB15.9 million from a loss.

How strong is 36Kr’s (KRKR) balance sheet as of June 30, 2026?

As of June 30, 2026, 36Kr held RMB124.2 million in cash, restricted cash and short-term investments, up 6.9% from RMB116.1 million at December 31, 2025. Total liabilities declined to RMB142.2 million from RMB168.4 million, improving net equity.

How did 36Kr’s different revenue segments perform in early 2026?

For the first half of 2026, online advertising revenue was RMB103.5 million, enterprise value-added services were RMB15.3 million, and subscription services were RMB5.8 million. Subscription revenue declined year over year, while the other two segments grew.

What earnings per ADS did 36Kr (KRKR) report for the first half of 2026?

36Kr reported basic and diluted net income per ADS of RMB7.058 and RMB7.056, respectively, for the first half of 2026. This compares with basic and diluted net loss per ADS of RMB2.307 in the same period of 2025, reflecting a clear profitability turnaround.

When is 36Kr’s first-half 2026 earnings conference call and how can investors join?

Management scheduled the earnings conference call for 8:00 AM U.S. Eastern Time on August 20, 2026. Investors can pre-register via the provided online link to receive dial-in details, or access a live and archived webcast on the company’s investor relations website.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

Commission File Number: 001-39117

 

 

 

36Kr Holdings Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

 

  

Building B6, Universal Business Park,
No. 10 Jiuxianqiao Road,
Chaoyang District, Beijing, People’s Republic of China, 100015
+86 10 8965-0708 


(Address of principal executive offices)

 


 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  x          Form 40-F  o

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   36Kr Holdings Inc. Reports Unaudited Financial Results for the First Half of 2026

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

      36Kr Holdings Inc.
         
Date: August 20, 2026   By: /s/ Dagang Feng
        Name: Dagang Feng
        Title: Chairman and Chief Executive Officer

 

3

 

Exhibit 99.1

 

36Kr Holdings Inc. Reports Unaudited Financial Results for the First Half of 2026

 

BEIJING, August 20, 2026 / GLOBE NEWSWIRE / - 36Kr Holdings Inc. (“36Kr” or the “Company” or “We”) (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced its unaudited financial results for the six months ended June 30, 2026.

 

Financial and Operational Highlights for the First Half of 2026

 

·Number of followers1 as of June 30, 2026 stood at 36.5 million, essentially flat compared with 36.6 million as of June 30, 2025.

 

·Total revenues increased by 33.7% to RMB124.6 million (US$18.4 million) in the first half of 2026, from RMB93.2 million in the same period of 2025.

 

·Revenues from online advertising services increased by 38.9% to RMB103.5 million (US$15.3 million) in the first half of 2026, from RMB74.5 million in the same period of 2025.

 

·Revenues from enterprise value-added services increased by 25.4% to RMB15.3 million (US$2.3 million) in the first half of 2026, from RMB12.2 million in the same period of 2025.

 

·Revenues from subscription services were RMB5.8 million (US$0.8 million) in the first half of 2026, compared to RMB6.4 million in the same period of 2025.

 

·Gross margin was 66.4% in the six months ended June 30, 2026, representing an increase of 12 percentage points from 54.4% in the same period of 2025.

 

·Net income was RMB15.4 million (US$2.3 million) in the six months ended June 30, 2026, compared to a net loss of RMB4.8 million in the same period of 2025.

 

 

1 “Number of followers” refers to the aggregate number of followers across the official accounts we own and/or operate on various social media and online platforms, including but not limited to Weixin, Weibo, Zhihu, Toutiao, Xinhua Net, Douyin, Rednote and Bilibili.

 

 

 

 

Selected Operating Data

 

   For the Six Months Ended
June 30,
 
   2025   2026 
Online advertising services          
Number of online advertising services end customers   226    407 
Average revenue per online advertising services end customer (RMB’000)2   329.7    254.4 
           
Enterprise value-added services          
Number of enterprise value-added services end customers   49    61 
Average revenue per enterprise value-added services end customer (RMB’000)3   249.5    250.6 
           
Subscription services          
Number of institutional investors   102    84 
Average revenue per institutional investor (RMB’000)4   63.1    68.5 

 

Mr. Dagang Feng, Chairman and CEO of 36Kr, commented, “In the first half of 2026, despite macroeconomic uncertainties, we grew total revenues by 33.7% year over year and delivered our second consecutive half-year of profitability. Revenue growth was led by a 38.9% year-over-year increase in online advertising services revenues as demand from the AI sector accelerated. We continued to strengthen our content ecosystem, reinforcing 36Kr's position as a top thought leader in China's new economy and technology innovation sectors, while extending our omni-channel distribution matrix. As of June 30, 2026, the number of our followers reached 36.5 million. Looking ahead, we will continue to build our content strengths, deepen our presence in frontier industries and technology verticals, and capture the opportunities of the AI era to create value for all of our stakeholders.”

 

Mr. Xiang Li, Chief Financial Officer of 36Kr, added, “We delivered a robust financial performance in the first half of 2026. Total revenues reached RMB124.6 million, up 33.7% year over year. Gross profit rose 63.1% year-over-year to RMB82.7 million and gross margin expanded by 12 percentage points to 66.4% from 54.4% in the same period of 2025, reflecting an improved revenue mix and disciplined cost control. Net income was RMB15.4 million, turning around from a net loss of RMB4.8 million in the prior year period. We ended the period with RMB124.2 million in cash and cash equivalents, restricted cash and short-term investments, up 6.9% from RMB116.1 million as of December 31, 2025, giving us ample liquidity to fund operations and sustain profitability while investing in high-quality, sustainable growth.”

 

 

2 Equals revenues generated from online advertising services for a period divided by the number of online advertising services end customers in the same period.

3 Equals revenues generated from enterprise value-added services for a period divided by the number of enterprise value-added services end customers in the same period.

4 Equals revenues generated from institutional investor subscription services for a period divided by the number of institutional investors in the same period.

 

 

 

 

Unaudited Financial Results for the First Half of 2026

 

Total revenues increased by 33.7% to RMB124.6 million (US$18.4 million) in the six months ended June 30, 2026, from RMB93.2 million in the same period of 2025.

 

·Online advertising services revenues increased by 38.9% to RMB103.5 million (US$15.3 million) in the six months ended June 30, 2026, from RMB74.5 million in the same period of 2025. The increase was primarily attributable to surging demand from the AI sector for our advertising solutions.

 

·Enterprise value-added services revenues increased by 25.4% to RMB15.3 million (US$2.3 million) in the six months ended June 30, 2026, from RMB12.2 million in the same period of 2025. The increase was primarily driven by our ongoing refinement of service offerings aimed at margin improvement.

 

·Subscription services revenues were RMB5.8 million (US$0.8 million) in the six months ended June 30, 2026, compared to RMB6.4 million in the same period of 2025. The decrease was primarily due to a strategic shift in this segment’s customer composition.

 

Cost of revenues was RMB41.9 million (US$6.2 million) in the six months ended June 30, 2026, a slight decrease of 1.4% from RMB42.5 million in the same period of 2025. The decrease was primarily driven by the Company’s strict cost control measures.

 

Gross profit increased by 63.1% to RMB82.7 million (US$12.2 million) in the six months ended June 30, 2026, from RMB50.7 million in the same period of 2025. Gross profit margin was 66.4% in the six months ended June 30, 2026, representing an increase of 12 percentage points from 54.4% in the same period of 2025. The increase in gross margin was primarily driven by higher margins from our online advertising services within the AI sector and a significant increase in related revenues, alongside flat payroll-related cost resulting from our strategic workforce management.

 

Operating expenses increased by 6.6% to RMB59.6 million (US$8.8 million) in the six months ended June 30, 2026, from RMB55.9 million in the same period of 2025.

 

·Sales and marketing expenses were RMB29.2 million (US$4.3 million) in the six months ended June  30, 2026, remaining flat year over year, reflecting our disciplined approach to sales spending.

 

·General and administrative expenses were RMB24.1 million (US$3.5 million) in the six months ended June 30, 2026, an increase of 20.5% from RMB20.0 million in the same period of 2025. The increase was primarily related to the increase in allowance for doubtful accounts and the payroll-related expenses.

 

·Research and development expenses were RMB6.4 million (US$0.9 million) in the six months ended June 30, 2026, remaining flat year over year, primarily reflecting our continued focus on R&D efficiency and strategic project prioritization.

 

Share-based compensation expenses recognized in cost of revenues, sales and marketing expenses, research and development expenses, as well as general and administrative expenses totaled RMB19.7 thousand (US$2.9 thousand) in the six months ended June 30, 2026, compared to RMB89.6 thousand in the same period of 2025.

 

Other expenses were RMB7.7 million (US$1.1 million) in the six months ended June 30, 2026, compared to RMB0.4 million of other income in the same period of 2025. The change was mainly due to the increase in long-term investment loss.

 

Income tax expenses were RMB27 thousand (US$4 thousand) in the six months ended June 30, 2026, compared to RMB4 thousand of income tax credit in the same period of 2025.

 

 

 

 

Net income was RMB15.4 million (US$2.3 million) in the six months ended June 30, 2026, swinging from a net loss of RMB4.8 million in the same period of 2025. Non-GAAP adjusted net income5 was RMB15.4 million (US$2.3 million) in the first half of 2026, compared to Non-GAAP adjusted net loss5 of RMB4.7 million in the same period of 2025.

 

Net income attributable to 36Kr Holdings Inc.'s ordinary shareholders was RMB15.0 million (US$2.2 million) in the first half of 2026, compared to net loss attributable to 36Kr Holdings Inc.'s ordinary shareholders of RMB5.0 million in the same period of 2025.

 

Basic and diluted net income per ADS were RMB7.058 (US$1.040) and RMB7.056 (US$1.040), respectively, in the first half of 2026, compared to basic and diluted net loss per ADS of RMB2.307 in the same period of 2025.

 

Certain Balance Sheet Items

 

As of June 30, 2026, the Company had cash and cash equivalents, restricted cash and short-term investments of RMB124.2 million (US$18.3 million), an increase of 6.9% from RMB116.1 million as of December 31, 2025. The increase was mainly attributable to positive cash inflow from operating activities.

 

 

5 Non-GAAP adjusted income/(loss) represents net income/(loss) excluding share-based compensation expenses.

 

 

 

 

Conference Call

 

The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 20, 2026 (8:00 PM Beijing/Hong Kong Time on August 20, 2026).

 

For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.

 

Event Title: 36Kr Holdings Inc. 2026 First Half Earnings Conference Call
Pre-registration link: https://s1.c-conf.com/diamondpass/10056724-2vzyg1.html

 

Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.36kr.com.

 

A replay of the conference call will be available for one week from the date of the conference, by dialing the following telephone numbers:

 

United States: +1-855-883-1031
International: +61-7-3107-6325
Hong Kong, China: 800-930-639
Mainland China: 400-120-9216
Replay PIN: 10056724

 

About 36Kr Holdings Inc.

 

36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China's New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China's New Economy.

 

For more information, please visit: http://ir.36kr.com.

 

Use of Non-GAAP Financial Measures

 

In evaluating its business, the Company considers and uses two non-GAAP measures, adjusted net income/(loss) and adjusted EBITDA, as supplemental measures to review and assess its operating performance. The presentation of these two non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company presents these non-GAAP financial measures because they are used by the Company’s management to evaluate its operating performance and formulate business plans. The Company also believes that the use of these non-GAAP measures facilitates investors' assessment of its operating performance.

 

These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

 

 

 

 

The Company compensates for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages investors to review its financial information in its entirety and not rely on a single financial measure.

 

Adjusted net loss represents net loss excluding share-based compensation expenses.

 

Adjusted EBITDA represents adjusted net income/(loss) before interest income, interest expenses, income tax expense/(credit), depreciation of property and equipment and amortization of intangible assets.

 

For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and non-GAAP results” set forth at the end of this press release.

 

Exchange Rate Information

 

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars and from U.S. dollars to Renminbi are made at a rate of RMB6.7851 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on of June 30, 2026.

 

Safe Harbor Statement

 

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goal and strategies; the Company’s future business development, results of operations and financial condition; relevant government policies and regulations relating to our business and industry; the Company’s expectations regarding the use of proceeds from this offering; the Company’s expectations regarding demand for, and market acceptance of, its services; the Company’s ability to maintain and enhance its brand; the Company’s ability to provide high-quality content in a timely manner to attract and retain users; the Company’s ability to retain and hire quality in-house writers and editors; the Company’s ability to maintain cooperation with third-party professional content providers; the Company’s ability to maintain relationship with third-party platforms; general economic and business condition in China; possible disruptions in commercial activities caused by natural or human-induced disasters; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

 

 

 

 

For investor and media inquiries, please contact:

 

In China:

 

36Kr Holdings Inc.

Investor Relations

Tel: +86 (10) 8965-0708

E-mail: ir@36kr.com

 

Piacente Financial Communications

Jenny Cai

Tel: +86 (10) 6508-0677

E-mail: 36Kr@tpg-ir.com

 

In the United States:

 

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

E-mail: 36Kr@tpg-ir.com

 

 

 

 

36Kr Holdings Inc.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 

   December 31,   June 30,   June 30, 
   2025   2026   2026 
    RMB’000    RMB’000    US$’000 
Assets               
Current assets:               
Cash and cash equivalents   102,239    26,411    3,892 
Restricted cash   11,902    200    29 
Short-term investments   2,000    97,584    14,382 
Accounts receivable, net   61,800    50,457    7,436 
Receivables due from related parties   304    198    29 
Prepayments and other current assets   11,629    13,762    2,030 
Total current assets   189,874    188,612    27,798 
Non-current assets:               
Property and equipment, net   3,958    3,760    554 
Intangible assets, net   1,172    1,017    150 
Long-term investments   82,939    76,663    11,299 
Operating lease right-of-use assets, net   19,548    16,039    2,364 
Total non-current assets   107,617    97,479    14,367 
Total assets   297,491    286,091    42,165 
                
Liabilities               
Current liabilities:               
Accounts payable   46,694    41,587    6,129 
Salary and welfare payables   23,938    15,821    2,332 
Taxes payable   4,095    2,407    355 
Deferred revenue   39,900    46,508    6,854 
Amounts due to related parties   2,008    452    67 
Accrued liabilities and other payables   12,330    9,474    1,396 
Short-term bank loan   19,950    10,000    1,474 
Operating lease liabilities   8,078    8,452    1,246 
Total current liabilities   156,993    134,701    19,853 
Non-current liabilities:               
Operating lease liabilities   11,426    7,469    1,101 
Total non-current liabilities   11,426    7,469    1,101 
Total liabilities   168,419    142,170    20,954 
                
Shareholders’ equity               
Ordinary shares   694    694    102 
Treasury stock   (2,367)   (2,367)   (349)
Additional paid-in capital   2,056,895    2,056,915    303,152 
Accumulated deficit   (1,921,092)   (1,906,123)   (280,928)
Accumulated other comprehensive loss   (5,338)   (5,880)   (867)
Total 36Kr Holdings Inc.’s shareholders’ equity   128,792    143,239    21,110 
Non-controlling interests   280    682    101 
Total shareholders’ equity   129,072    143,921    21,211 
Total liabilities and shareholders’ equity   297,491    286,091    42,165 

 

 

 

 

36Kr Holdings Inc.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

 

   Six Months Ended 
   June 30,
2025
   June 30,
2026
   June 30,
2026
 
    RMB’000    RMB’000    US$’000 
Revenues:               
Online advertising services   74,507    103,542    15,260 
Enterprise value-added services   12,227    15,287    2,253 
Subscription services   6,435    5,754    848 
Total revenues   93,169    124,583    18,361 
Cost of revenues   (42,472)   (41,908)   (6,176)
Gross profit   50,697    82,675    12,185 
Operating expenses:               
Sales and marketing expenses   (29,445)   (29,154)   (4,297)
General and administrative expenses   (19,995)   (24,055)   (3,545)
Research and development expenses   (6,419)   (6,387)   (941)
Total operating expenses   (55,859)   (59,596)   (8,783)
(Loss)/Income from operations   (5,162)   23,079    3,402 
Other income/(expenses):               
Share of loss from equity method investments   (278)   (584)   (86)
Gain on disposal of a subsidiary   355         
Long-term investment gain/(loss)   252    (7,814)   (1,152)
Short-term investment income   275    339    50 
Government grant   175    221    33 
Others, net   (420)   157    23 
(Loss)/ Income before income tax   (4,803)   15,398    2,270 
Income tax credit/(expenses)   4    (27)   (4)
Net (loss)/income   (4,799)   15,371    2,266 
Net income attributable to non-controlling interests   (183)   (402)   (59)
Net (loss)/income attributable to 36Kr Holdings Inc.’s ordinary shareholders   (4,982)   14,969    2,207 
                
Net (loss)/income   (4,799)   15,371    2,266 
Other comprehensive loss               
Foreign currency translation adjustments   (77)   (542)   (80)
Total other comprehensive loss   (77)   (542)   (80)
Total comprehensive (loss)/income   (4,876)   14,829    2,186 
Comprehensive income attributable to non-controlling interests   (183)   (402)   (59)
Comprehensive (loss)/income attributable to 36Kr Holdings Inc.’s ordinary shareholders   (5,059)   14,427    2,127 
Net (loss)/income per ordinary share (RMB)            
Basic   (0.005)   0.014    0.002 
Diluted   (0.005)   0.014    0.002 
Net (loss)/income per ADS (RMB)               
Basic   (2.307)   7.058    1.040 
Diluted   (2.307)   7.056    1.040 
Weighted average number of ordinary shares used in per share calculation               
Basic   1,056,845,184    1,060,391,309    1,060,391,309 
Diluted   1,056,845,184    1,060,720,158    1,060,720,158 
Weighted average number of ADS used in per ADS calculation               
Basic   2,113,690    2,120,783    2,120,783 
Diluted   2,113,690    2,121,440    2,121,440 

 

 

 

 

36Kr Holdings Inc.

UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

 

   Six Months Ended 
   June 30,
2025
   June 30,
2026
   June 30,
2026
 
    RMB’000    RMB’000    US$’000 
Net (loss)/income   (4,799)   15,371    2,266 
Share-based compensation expenses   90    20    3 
Non-GAAP adjusted net (loss)/income   (4,709)   15,391    2,269 
Interest income, net   (296)   (236)   (35)
Income tax (credit)/expenses   (4)   27    4 
Depreciation and amortization expenses   767    684    101 
Non-GAAP adjusted EBITDA   (4,242)   15,866    2,339 

 

 

 

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