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Ruanyun Edai (NASDAQ: RYET) reports $9.49M Smart Campus Services revenue

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ruanyun Edai Technology Inc. reported early traction in its new Smart Campus Services business, which supports food-service management, dorm utilities, student-life workflows and institutional operations. Launched in September 2025, this campus infrastructure platform serves broader student-life and campus needs beyond traditional classroom technology.

Based on unaudited management accounts, Smart Campus Services generated approximately US$9.49 million in cumulative operating revenue from launch through May 31, 2026. This includes about US$5.66 million from launch through March 31, 2026 and US$3.83 million during April and May 2026. The company notes that April–May revenue equals roughly 67% of the launch‑to‑March period, highlighting faster recent activity. All figures exclude pass‑through funds collected and remitted on behalf of merchants or service operators and are not prepared under U.S. GAAP.

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Insights

Ruanyun shows early revenue traction in a new campus infrastructure line, but figures are unaudited and preliminary.

The Smart Campus Services business recorded about US$9.49 million in operating revenue from launch in September 2025 through May 31, 2026, with US$3.83 million in just April–May. April–May revenue being roughly 67% of the prior launch‑to‑March period suggests rising usage of the campus platform.

All numbers are drawn from unaudited management accounts, outside U.S. GAAP, and exclude pass‑through funds, so ultimate consolidated revenue could differ after audit, consolidation and principal‑versus‑agent analysis. Future filings will clarify how this business is reflected in reported revenue and how it fits with HanLink, Cogni AI, YeeZo and the planned Formind transition.

Smart Campus cumulative revenue US$9.49 million Operating revenue from Sept 2025 launch through May 31, 2026 (unaudited)
Launch–March 2026 revenue US$5.66 million Smart Campus operating revenue from launch through March 31, 2026 (unaudited)
April–May 2026 revenue US$3.83 million Smart Campus operating revenue for April and May 2026 (unaudited)
Revenue acceleration indicator 67% April–May 2026 revenue vs launch–March 2026 revenue, based on company statement
Smart Campus revenue in RMB RMB65.54 million Cumulative operating revenue from launch through May 31, 2026 (unaudited)
April–May revenue in RMB RMB26.46 million Smart Campus operating revenue for April and May 2026 (unaudited)
Smart Campus Services financial
"Ruanyun Edai Technology Unveils Smart Campus Services Business With Approximately US$9.49 Million in Cumulative Operating Revenue"
unaudited management accounts financial
"Based on unaudited management accounts, the Company’s Smart Campus Services business recorded approximately US$9.49 million"
campus infrastructure financial
"Smart Campus Services is a high- growth campus infrastructure business serving student-life, campus operations and institutional service needs."
AI-driven education and technology company financial
"an AI-driven education and technology company advancing its planned transformation into Formind Group"
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of applicable securities laws"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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

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FAQ

What new business line did Ruanyun Edai Technology (RYET) highlight in its June 2026 6-K?

Ruanyun Edai Technology highlighted its Smart Campus Services business, launched in September 2025. This high-growth campus infrastructure line supports food-service management, dormitory utilities, student-life workflows, vocational development and institutional operations, expanding the company’s focus beyond classroom-based education technology into broader campus and student-service infrastructure.

How much revenue has Ruanyun Edai’s Smart Campus Services generated since launch?

Based on unaudited management accounts, Smart Campus Services recorded approximately US$9.49 million in cumulative operating revenue from launch in September 2025 through May 31, 2026. These figures exclude pass-through funds remitted to merchants and are not prepared in accordance with U.S. GAAP or audited consolidated financial statements.

What revenue did Ruanyun Edai’s Smart Campus Services produce in April and May 2026?

Smart Campus Services generated approximately US$3.83 million in unaudited operating revenue during April and May 2026. The company notes this two-month figure is about 67% of revenue generated from launch through March 31, 2026, indicating stronger recent activity in its campus infrastructure platform strategy.

How does Smart Campus Services fit Ruanyun Edai’s planned Formind Group strategy?

Management positions Smart Campus Services as a key operating business for the company’s next growth stage and planned Formind Group identity. It is intended to complement HanLink, Cogni AI, YeeZo and other AI-driven education and institutional technology initiatives as part of a global platform strategy.

Are Ruanyun Edai’s Smart Campus Services revenue figures audited or U.S. GAAP compliant?

No. The revenue figures disclosed for Smart Campus Services are based on internal financial records and unaudited management accounts. They have not been prepared under U.S. GAAP, and actual consolidated revenue may differ after audit adjustments, consolidation analysis, currency translation and accounting treatment.

Is Ruanyun Edai planning to expand Smart Campus Services outside China?

The company is evaluating opportunities to introduce selected Smart Campus Services elements internationally, including in the Middle East. Any deployment would depend on local partner engagement, regulatory review, commercial agreements, implementation planning and market acceptance before moving forward.

 

 

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 June, 2026

 

Commission File Number 001-42576

 

Ruanyun Edai Technology Inc.

(Translation of registrant’s name into English)

 

No. 698 Jing Dong Avenue, ZheJiang University HighTech Campus

Nanchang, Jiangxi, China 330096

(Address of principal executive office)

 

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 ☒ Form 40-F ☐

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Press Release.

 

On June 17, 2026, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Financial Statement and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press Release, dated June 17, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

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.

 

Date: June 22, 2026 Ruanyun Edai Technology Inc.
     
  By: /s/ Yan Fu
  Name: Yan Fu
  Title: Director and Chief Executive Officer

 

 

 

 

 

EXHIBIT 99.1

 

Source: Ruanyun Edai Technology Inc.

June 17, 2026 08:30 ET

 

Ruanyun Edai Technology Unveils Smart Campus Services Business With Approximately US$9.49 Million in Cumulative Operating Revenue Since September 2025 Launch

 

Smart Campus Services generated approximately US$3.83 million in unaudited operating revenue during April and May 2026, underscoring accelerating momentum in the Company’s campus infrastructure platform strategy

 

KUALA LUMPUR, Malaysia, June 17, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (the “Company” or “Ruanyun”), an AI-driven education and technology company advancing its planned transformation into Formind Group, today unveiled its Smart Campus Services business to investors. Launched in September 2025, Smart Campus Services is a high- growth campus infrastructure business serving student-life, campus operations and institutional service needs.

 

Based on unaudited management accounts, the Company’s Smart Campus Services business recorded approximately US$9.49 million (RMB65.54 million) in cumulative operating revenue from launch in September 2025 through May 31, 2026. This includes approximately US$5.66 million (RMB39.08 million) from launch through March 31, 2026, and approximately US$3.83 million (RMB26.46 million) during April and May 2026. All revenue figures are unaudited, based exclusively on the Company’s internal financial records and unaudited management accounts, and have not been prepared in accordance with U.S. GAAP. Pass-through student meal, catering, dormitory utility and other funds collected and remitted on behalf of merchants or service operators are excluded from the operating revenue figures referenced in this release.

 

The April and May performance reflects accelerating momentum, with the first two months of

operating revenue in the 2027 financial year equal to approximately 67% of the revenue generated during the full launch-to-March 2026 period.

 

Smart Campus Services expands Ruanyun’s business beyond classroom-based education technology into the broader infrastructure layer of campus life. The business supports integrated campus operations across food-service management, merchant settlement, dormitory utilities, student-life workfows, vocational development and employment-related services.

 

“Smart Campus Services represents one of the operating businesses that we believe can define the Company’s next stage of growth,” said Maggie Fu, Chief Executive Officer of Ruanyun. “Formind is not simply a name change. It represents a broader identity and strategy for building an AI-driven education and institutional technology platform. With approximately US$9.49 million in cumulative operating revenue since September 2025, including approximately US$3.83 million in April and May 2026 alone, Smart Campus Services demonstrates that Ruanyun is already building beyond traditional education software into campus infrastructure, student services and institutional operations.”

 

The Company believes Smart Campus Services complements its broader strategy, including HanLink, Cogni AI, YeeZo and other AI-driven education and institutional technology initiatives. Together, these businesses are intended to support the Company’s development as a global education and institutional technology platform combining AI learning systems, content intelligence, campus operations and student-service infrastructure.

 

The Company is evaluating opportunities to introduce selected elements of the Smart Campus Services model outside China, including through its broader Middle East and international expansion initiatives. Any international deployment remains subject to local partner engagement, regulatory review, commercial agreements, implementation planning and market acceptance.

 

 

 

 

About Ruanyun Edai Technology Inc.

 

Ruanyun Edai Technology Inc. (NASDAQ: RYET) is an AI-driven education and technology company focused on intelligent content recognition, automated assessment, next-generation learning systems and technology-enabled educational support services. The Company is committed to delivering scalable, efficient and intelligent technology solutions globally. Subject to shareholder approval and completion of applicable corporate and regulatory processes, the Company plans to transition to the Formind Group name as part of its broader global strategy.

  

Investor Relations and Corporate Communications

 

FSR Capital, a FSR Group Company

Email: ir@fsr.group

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the Company’s Smart Campus Services business, planned Formind Group transition, operating model, revenue potential, international expansion, technology capabilities and future growth strategy. Forward-looking statements are based on current expectations and are subject to risks and uncertainties, including risks relating to customer adoption, school and institutional demand, contract execution and renewal, campus-service operations, food-service and utility regulation, vocational and employment-service execution, data privacy and cybersecurity, partner performance, collection timing, revenue recognition, consolidation, audit review, currency translation, international expansion and the risks described in the Company’s filings with the U.S. Securities and Exchange Commission.

 

The operating revenue figures discussed in this press release are based on unaudited management accounts and should not be regarded as audited consolidated financial results. Actual revenue recognized in the Company’s consolidated financial statements may differ due to audit adjustments, consolidation analysis, intercompany eliminations, accounting treatment, principal- versus-agent analysis, timing differences, currency translation and applicable accounting standards. The referenced figures are not gross transaction volume, gross merchandise value, annual recurring revenue, net income, backlog, cash balance or a guarantee of future revenue. The Company undertakes no obligation to update forward-looking statements except as required by law.

 

 

 

Filing Exhibits & Attachments

1 document