CLPS Incorporation (CLPS)

CLPS Incorporation to Present at the Investor Summit Virtual ConferenceJune 23, 2026 6:00 AM
PR Newswire (US) HONG KONG, June 23, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced that it will present at the Investor Summit Virtual Conference on Wednesday, June 24, 2026, at 4:00 P.M. ET.The event is open access and interested parties can register through the following link:CLPS Investor SummitDuring the conference, CLPS's President, Mr. Henry Li, will deliver a corporate presentation outlining the Company's business strategy, recent milestones, and strategic growth initiatives. Additionally, Ms. Rita Yang, Chief Financial Officer of CLPS, will review the Company's financial performance and achievements for the full fiscal year 2025 (twelve months ended June 30, 2025) and the first half of fiscal 2026 (six months ended December 31, 2025), as well as discuss its financial outlook moving forward.Mr. Raymond Lin, Chief Executive Officer of CLPS, said, "We look forward to engaging with the investment community at the conference to share our recent operational progress and strategic vision. Our focus remains on driving innovation, including the expansion of our AI capabilities and optimizing our global delivery network. As a trusted partner, this platform allows us to effectively communicate our growth strategy and commitment to delivering long-term value for our shareholders."The presentation slides will be available on the investor relations section of the CLPS website at https://ir.clpsglobal.com prior to the event.About the Investor Summit ConferencesThe Investor Summit is an exclusive virtual event connecting investors with small and microcap companies. Attendees will hear directly from company executives about key strategies and milestones and receive 1-on-1 meeting access. For additional information, please email Fred Rockwell at fred@investorsummitgroup.com.About CLPS IncorporationCLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries evolve into data-driven, intelligent ecosystems. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X, and YouTube.Forward-Looking StatementsCertain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, deployment in the AI technology sector, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.Contact:CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com View original content:https://www.prnewswire.com/news-releases/clps-incorporation-to-present-at-the-investor-summit-virtual-conference-302807368.htmlSOURCE CLPS Original: CLPS Incorporation to Present at the Investor Summit Virtual Conference

CLPS Incorporation Receives Nasdaq Notification Regarding Minimum Bid Price RequirementsMay 29, 2026 8:16 PM
PR Newswire (US) HONG KONG, May 29, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced that it received a notification letter (the "Notification Letter") from Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated May 27, 2026, indicating that the Company's closing bid price for its common shares fell below $1.00 per share for 30 consecutive trading days, which is not in compliance with Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Market. The Nasdaq notification does not affect CLPS's current listing or trading of the Company's securities on the Nasdaq Global Market. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's common shares for the 30 consecutive business days from April 14, 2026 to May 26, 2026, the Company no longer meets the minimum bid price requirement.Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, until November 23, 2026, to regain compliance with the minimum bid price requirement. To regain compliance, CLPS's common shares must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. If the Company achieves this within the compliance period, Nasdaq will provide written confirmation of compliance and the matter will be closed.In the event that the Company does not regain compliance by November 23, 2026, it may be eligible for an additional 180-day compliance period by transferring to the Nasdaq Capital Market from the Nasdaq Global Market, provided it meets the necessary listing requirements, and notifying Nasdaq of its intent to cure the deficiency by effecting a reverse stock split if necessary, or may be subject to delisting.The Notification Letter will have no effect on the Company's business operations, and CLPS intends to monitor the closing bid price of its common shares and is committed to taking all reasonable measures, including, but not limited to, implementing a reverse share split of its outstanding common shares, to regain compliance with Nasdaq's minimum bid price requirement.About CLPS IncorporationCLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries to evolve into data-driven, intelligent ecosystems. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X, and YouTube.Forward-Looking StatementsCertain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, deployment in the AI technology sector, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.Contact:CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com View original content:https://www.prnewswire.com/news-releases/clps-incorporation-receives-nasdaq-notification-regarding-minimum-bid-price-requirements-302786181.htmlSOURCE CLPS Original: CLPS Incorporation Receives Nasdaq Notification Regarding Minimum Bid Price Requirements

CLPS Incorporation Subsidiary QCC Partners with Emerging Southeast Asian Financial Institution to Launch CAKU-Powered Digital Banking SolutionMarch 25, 2026 8:30 AM
PR Newswire (US)

HONG KONG, March 25, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced that its wholly-owned subsidiary, Qinson Credit Card Services Limited (QCC), has entered into a strategic partnership with an emerging financial institution in Southeast Asia (SEA).Under the agreement, QCC will deploy its proprietary payment system, CAKU, to provide a comprehensive suite of credit card products and customized implementation services. This partnership marks a significant milestone in QCC's expansion within the SEA fintech ecosystem and underscores the CAKU solution's ability to accelerate digital banking transformation and innovation.The partner institution is a core subsidiary of one of the leading neobanks in SEA, dedicated to providing individual customers with sustainable, customer-focused credit card products and credit-backed, QR code-based payment services. The selection of QCC as a strategic partner was driven by CAKU's robust capabilities, including functional flexibility, technological foresight, and strong delivery expertise, which together enable rapid market responsiveness and highly personalized user experiences.Driving Agile Business Innovation Flexible and Powerful Product CapabilitiesLeveraging the CAKU platform, QCC will provide the client with an industry-leading credit card issuance and management solution. The project scope includes core software delivery, comprehensive documentation, and related resources. The solution supports extensive customization through modular configuration tailored to the client's specific business requirements.QCC will also deliver end-to-end professional services, including project management, solution design and development, testing, training, and system deployment, ensuring efficient and seamless implementation.Key features of the CAKU solution include:Rapid Deployment and High Customization: Parameter-driven and scenario-based configurations enable one-click product deployment and iteration, ensuring a customer-centric approach.Scalable Growth Architecture: Multi-tier credit limit management, personalized points systems, and flexible account structures support large-scale business growth.Universal Payment Support: Seamless integration with major payment networks including Visa, Mastercard, and UnionPay for credit, debit, and prepaid cards, as well as consumer and commercial card products. The platform also supports integration with digital wallets (e.g., Apple Pay, Google Pay) and omnichannel payment methods.Seamless Legacy System Migration: Extensive experience in smooth migration and modernization from legacy issuing platforms such as VisionPLUS and Cardpac, backed by extensive successful project experience.Digital Twin Validation: Pre-launch validation in a mirrored, production-like environment ensures accurate and risk-mitigated system migration.Robust and Secure Architecture Ensuring Business Continuity and StabilityBuilt on a cloud-native, microservices-based distributed architecture, CAKU ensures high scalability and availability with real-time processing, stably supporting transaction throughput exceeding 4,000 TPS. To achieve bank-grade security and compliance, the system strictly adheres to international standards such as PCI-DSS and ISO27001, integrating 3DS, TLS/SSL, and various advanced encryption. With over 1,200 out-of-the-box APIs, CAKU supports both cloud and on-premises deployment, facilitating rapid integration with ecosystem partners.Expert-Led Delivery and Cloud-Direct ConnectivityQCC's delivery team has a decades-long track record of delivering complex payment projects across the Asia-Pacific region. In a pioneering move, QCC will implement a cloud-based connectivity solution with card schemes, bypassing traditional on-premise hardware requirements. By connecting directly to payment network cloud systems, QCC eliminates the need for complex hardware deployment and network configurations, significantly reducing implementation timelines by several months. This makes QCC among the pioneers in implementing cloud-direct architecture for payment systems in the Asia-Pacific region.Furthermore, QCC will adopt:Agile Implementation and MVP Model: Accelerating time-to-market through the rapid delivery of Minimum Viable Products.AI-Enabled Tools: Utilizing AI-driven automated testing to enhance delivery efficiency and quality.Mr. Simon Chiang, Chief Executive Officer of QCC, commented: "We are extremely honored to establish this partnership. Our client's pursuit of an exceptional user experience aligns perfectly with our customer-centric philosophy. By leveraging the capabilities of the CAKU platform and our team's deep expertise, we are fully committed to helping them secure a leading position in the SEA digital banking market and delivering smarter, more convenient, and secure financial services to millions of users."Mr. Raymond Lin, Chief Executive Officer of CLPS, added: "This partnership strengthens our fintech capabilities and supports growth within our customized IT solution services revenue segment. We are well-positioned to meet the rising demand for digital transformation and drive long-term value for our clients and shareholders."About Qinson Credit Card Services LimitedQinson Credit Card Services Limited (QCC) is a wholly owned subsidiary of CLPS Incorporation, focused on developing modular, API-driven payment and financial infrastructure solutions for banks, fintech companies, and regulated financial institutions worldwide.About CLPS IncorporationCLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries evolve into data-driven, intelligent ecosystems. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X (formerly Twitter), and YouTube.Forward-Looking StatementsCertain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, deployment in the AI technology sector, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.Contact:CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com



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Original: CLPS Incorporation Subsidiary QCC Partners with Emerging Southeast Asian Financial Institution to Launch CAKU-Powered Digital Banking Solution

CLPS Incorporation Announces AI-Driven COBOL-to-Java Migration Solution to Accelerate Core Banking ModernizationMarch 12, 2026 8:34 AM
PR Newswire (US)

HONG KONG, March 12, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced the successful launch of its proprietary AI-driven intelligent migration solution. Designed to transition legacy COBOL systems to Java, this solution represents a significant advancement in the digital transformation of retail banking and core banking infrastructures.The Evolution of COBOL in Modern FinanceSince its inception in the 1960s, COBOL (Common Business-Oriented Language) has served as the backbone of global financial transaction systems. Valued for its stability and efficient processing capabilities, COBOL continues to power critical operations for thousands of financial institutions, including account administration, payment clearing, and credit services.However, the banking industry currently faces a "COBOL Cliff." As the global pool of COBOL-literate programmers shrinks and maintenance costs for mainframe environments rise, institutions are increasingly hindered by their inability to integrate with modern cloud-native and AI-driven ecosystems. In contrast, Java offers a high-performance, object-oriented framework that provides the cross-platform compatibility and extensive library support essential for modern, scalable financial applications. Efficiently and safely migrating these mission-critical systems to modern stacks has become a strategic priority for the global banking sector.Two Decades of Domain ExpertiseSince 2005, CLPS has specialized in the maintenance, upgrade, and modernization of COBOL-based core banking systems. This long-standing focus has enabled the Company to develop an understanding of the complex business logic and regulatory requirements inherent in core banking ecosystem. This deep-rooted expertise positions CLPS as a preferred partner for financial institutions navigating complex technological shifts.Synergy of Human Insight and Artificial IntelligenceIn an era of AI advancement, CLPS maintains a clear philosophy: AI is a powerful force multiplier, but the core value remains centered on human expertise.The Company firmly believes that by integrating the deep domain expertise of its senior technical experts with the high-efficiency processing capabilities of AI, it can leverage established industry foundations to achieve transformative innovation. Grounded in this strategic approach, CLPS has launched an AI-powered intelligent migration solution spearheaded by its internal expert team. Utilizing Large Language Models (LLMs), the solution employs a semantic understanding and cross-language conversion mechanism tailored specifically for financial systems. It integrates a full-cycle efficient development and verification process to achieve high-precision restoration of COBOL business logic.Key technical features of the solution include:Reduced Resource Dependency: The AI-assisted framework significantly minimizes the demand on the client's internal resources during the migration process.Knowledge Graph Construction: For "black-box" legacy systems lacking documentation, the team utilizes static analysis and dynamic tracing to reconstruct business rules.Successful Proof-of-Concept and Market OutlookCLPS recently achieved a milestone by completing a Proof-of-Concept (PoC) for a major bank in Hong Kong. The project demonstrated AI-enabled migration could rapidly and accurately convert COBOL code to Java while maintaining complete system stability and core logic integrity. This achievement not only showcases the immense potential of AI in core system modernization but also further solidifies CLPS's leading position in this domain.Mr. Raymond Lin, Chief Executive Officer of CLPS, stated: "This business segment represents a substantial market opportunity. By synthesizing two decades of banking domain expertise with cutting-edge AI tools, we are providing a scalable pathway for financial institutions to lower operational overhead and accelerate their digital transformation. We believe this solution will be a key growth engine for CLPS as we help our clients navigate the complexities of legacy system modernization."About CLPS IncorporationCLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries evolve into data-driven, intelligent ecosystems. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X (formerly Twitter), and YouTube.Forward-Looking StatementsCertain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.Contact:CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com



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Original: CLPS Incorporation Announces AI-Driven COBOL-to-Java Migration Solution to Accelerate Core Banking Modernization

CLPS Incorporation Reports Financial Results for the First Half of Fiscal Year 2026March 6, 2026 5:00 AM
PR Newswire (US)

HONG KONG, March 6, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced its unaudited financial results for the six months ended December 31, 2025, or the first half of the Company's fiscal year 2026.During this period, while the downsizing of a key client's China Solution Centers (CSCs) continued to create a significant financial impact, the Company delivered a robust financial performance, achieving growth across both the top and bottom lines. Total revenue continued its upward trajectory, and most significantly, the Company realized a year-over-year increase in net income. This growth trend highlights the effectiveness of our stringent resource allocation and our strategic pivot toward high-value international markets and cutting-edge technological integrations.The Company's operational resilience was further demonstrated by its ability to secure new clients and achieve year-over-year growth in IT consulting services, successfully offsetting the impact triggered by a major client's global restructuring strategy in the previous fiscal year. In addition, the digital transformation team's focus on high-demand fields such as artificial intelligence (AI), robotic process automation (RPA), and payment technologies resulted in a remarkable 134.7% increase in customized IT solution services, reaching $2.2 million for the period. These successes were underpinned by the maintenance of long-standing relationships with existing clients and a deliberate reduction in revenue concentration in mainland China in favor of aggressive overseas expansion. As a result, revenue generated from outside of mainland China surged. This was driven by a strong performance of our IT services business in the APAC region, where aggregate revenue (excluding mainland China) rose from $16.9 million to $26.8 million, while the U.S. market saw exceptional growth, with revenue more than doubling—an increase of 101.6% to $4.1 million.First Half of Fiscal 2026 Highlights (all results compared to the six months ended December 31, 2024) Revenue increased by 2.8% to $85.1 million from $82.8 million.Revenue from customized IT solution services increased by 134.7% to $2.2 million from $0.9 million.Revenue generated outside of mainland China increased by 63.1% to $31.0 million from $19.0 million.Gross profit increased by 2.1% to $19.5 million from $19.2 million.Operating income increased by 300.5% to $0.6 million from $0.2 million.Net income increased by 74.9% to $0.3 million from $0.2 million.Total number of clients in IT services sector was 303 compared to 277.Total number of IT projects was 35 compared to 20.Mr. Raymond Lin, Chief Executive Officer of CLPS, commented, "The first half of fiscal year 2026 marks a pivotal turning point for CLPS, demonstrating that our comprehensive strategic transformation is not merely a response to market shifts, but a successful engine for building future-oriented competitive advantages. In the current global economy environment, the deep integration of technology and business is no longer an option; it is essential for survival and leadership. We have acted decisively to diversify our geographic footprint and evolve our service offerings. By reducing our reliance on a single market and expanding our reach into North America, APAC, and the Middle East, we are establishing a more stable and scalable foundation for long-term growth.Our digital transformation team has been at the forefront of this evolution, delivering high-impact solutions that streamline operational efficiency for financial institutions. Our recent partnership with The Bank of East Asia, Limited (BEA) to conduct a Proof of Concept for 'Nibot'—our proprietary AI agent—within the HKMA's GenA.I. Sandbox is a testament to our leadership in integrating RPA with Generative AI to enhance banking efficiency and risk management. Similarly, our successful modernization of a 30-year-old legacy mortgage system for a major Hong Kong bank, achieved in just seven months with a 70% automation rate, provides a clear blueprint for how we can help global institutions shed technical debt and embrace digital agility.We have unveiled a Web3-ready issuance platform that bridges traditional finance and digital assets. This solution enables secure, compliant, and real-time stablecoin settlement, meeting the highest global regulatory standards. To support this accelerating global demand, our Japan subsidiary has officially established an Offshore Delivery Center, strengthening our international business footprint and ensuring we have the localized talent and R&D capabilities to serve our clients 24/7.While we continue to win new business and expand our reach, we remain focused on disciplined resource allocation to ensure that CLPS remains agile, profitable, and at the forefront of the global digital economy."Ms. Rui Yang, Chief Financial Officer of CLPS, said, "I am pleased to report that our disciplined strategic execution has delivered another period of solid growth and enhanced profitability. Total revenue increased by 2.8% to $85.1 million, underpinned by the early success of our corporate transformation efforts. Notably, revenue from customized IT solution services surged 134.7% to $2.2 million, a testament to the strength of our advanced technological capabilities and ability to address complex client requirements. Furthermore, our global expansion strategy continues to yield results, with revenue generated outside mainland China increasing by an impressive 63.1% to $31.0 million.Our commitment to operational efficiency is reflected in our bottom-line results. Gross profit increased by 2.1% to $19.5 million, while operating income tripled—rising 300.5% to $0.6 million. Additionally, net income grew by 74.9% to $0.3 million.Subsequent to the period-end, reinforcing our confidence in the Company's future and intrinsic value, our Board authorized a share repurchase program on February 4, 2026. Effective from February 5 through November 4, 2026, this initiative allows us to repurchase up to 1,000,000 shares in the open market at prices below $2.00 per share. This program underscores our belief that our equity represents a compelling value opportunity and reflects our commitment to enhancing shareholder returns.Although the downsizing of a key client's CSCs remained a headwind during this period, these results demonstrate the resilience of our business model, the effectiveness of our strategic pivot, and our unwavering focus on driving sustainable, profitable growth."First Half of Fiscal Year 2026 Financial ResultsRevenuesIn the first half of fiscal 2026, revenues increased by $2.3 million, or 2.8%, to $85.1 million from $82.8 million in the prior year period. The increase was primarily due to the increased in revenue from IT consulting and customized IT solution services.Revenues by ServiceRevenue from IT consulting services increased by $1.7 million, or 2.2%, to $81.8 million in the first half of fiscal year 2026 from $80.1 million in the prior year period. Revenue from IT consulting services accounted for 96.2% of total revenue compared to 96.7% in the prior year period. The increase was primarily due to a growth in client base and the successful execution of our global expansion strategy.Revenue from customized IT solution services increased by $1.3 million, or 134.7%, to $2.2 million in the first half of fiscal year 2026 from $0.9 million in the prior year period. Revenue from customized IT solution services accounted for 2.6% of total revenue compared to 1.1% in the prior year period. The increase was primarily due to initial success of our corporate transformation efforts and expanded investment in customized IT solution services. During this period, the successful market launch of Nibot began generating revenue. Furthermore, our project to modernize legacy banking systems using AI integration contributed to revenue growth within this service segment.Revenue from academic education services decreased by $0.2 million, or 19.0%, to $0.9 million in the first half of fiscal 2026, from $1.1 million in the prior year period. Revenue from academic education services accounted for 1.0% of total revenue, compared to 1.3% in the prior year period. The decrease was primarily attributable to resource integration following the acquisition of the College of Allied Educators (CAE). Looking ahead, we are focused on generating new momentum by launching innovative courses for CAE to boost enrollment and drive segment revenue growth.Revenue from other services decreased by $0.6 million, or 79.9%, to $0.1 million in the first half of fiscal year 2026 from $0.7 million in the prior year period. Revenue from other services accounted for 0.2% of total revenue compared to 0.8% in the prior year period. The decrease was primarily due to the decrease in revenue from IT product sales and head hunting services.Revenues by Operational AreasRevenue from the banking area decreased by $7.4 million, or 22.0%, to $26.1 million in the first half of fiscal year 2026 from $33.5 million in the prior year period. Revenue from banking area accounted for 30.7% and 40.4% of total revenues in the first half of fiscal 2026 and 2025, respectively.Revenue from the wealth management area decreased by $0.8 million, or 5.1%, to $14.6 million in the first half of fiscal year 2026 from $15.4 million in the prior year period. Revenue from wealth management area accounted for 17.2% and 18.6% of total revenues in the first half of fiscal 2026 and 2025, respectively.Revenue from the e-Commerce area increased by $0.3 million, or 1.9%, to $15.2 million in the first half of fiscal year 2026 from $14.9 million in the prior year period. Revenue from e-Commerce area accounted for 17.9% and 18.0% of total revenues in the first half of fiscal 2026 and 2025, respectively.Revenue from the automotive area increased by $1.9 million, or 21.5%, to $11.1 million in the first half of fiscal year 2026 from $9.2 million in the prior year period. Revenue from automotive area accounted for 13.1% and 11.1% of total revenues in the first half of fiscal 2026 and 2025, respectively.Revenue from the other areas increased by $8.2 million, or 83.6%, to $18.0 million in the first half of fiscal year 2026 from $9.8 million in the prior year period. Revenue from other area accounted for 21.2% and 11.8% of total revenues in the first half of fiscal 2026 and 2025, respectively.Revenues by GeographyRevenue generated outside of mainland China increased by 63.1% to $31.0 million in the first half of fiscal year 2026 from $19.0 million in the prior year period. The increase was primarily due to the strong operational performance in Singapore, Hong Kong SAR, Japan, and USA.Gross Profit and Gross MarginGross profit increased by $0.3 million, or 2.1%, to $19.5 million in the first half of fiscal 2026 compared to $19.2 million in the prior year period. The increase was primarily due to an increase in total revenue. Gross margin decreased to 23.0% in the first half of fiscal 2026 compared to 23.1% in the prior year period.Operating ExpensesSelling and marketing expenses decreased by $0.4 million, or 13.6%, to $2.1 million in the first half of fiscal year 2026 from $2.5 million in the prior year period. As a percentage of total revenues, selling and marketing expenses decreased to 2.5% in the first half of fiscal 2026 compared to 3.0% in the prior year period. The decrease was primarily due to AI-driven automation, workforce optimization, and structural realignment, which reduced redundancies, targeted high-value tasks, and aligned resources with business goals, improving efficiency while lowering expenses.Research and development expenses decreased by $1.3 million, or 38.7%, to $2.0 million in the first half of fiscal year 2026 from $3.3 million in the prior year period. As a percentage of total revenues, research and development expenses decreased to 2.4% in the first half of fiscal 2026 compared to 4.0% in the prior year period. The decrease was primarily due to the redeployment of R&D staff to deliver customized IT solutions, resulting in a reclassification of these expenses as cost of revenues.General and administrative expenses increased by $0.8 million, or 5.8%, to $14.9 million in the first half of fiscal year 2026 from $14.1 million in the prior year period. As a percentage of total revenues, general and administrative expenses increased to 17.6% in the first half of fiscal 2026 compared to 17.1% in the prior year period. The increase was primarily due to the recognition of one-time employee severance costs, which were triggered by a major client's global restructuring strategy.Operating IncomeOperating income increased by $0.4 million, or 300.5% to $0.6 million in the first half of fiscal 2026 from $0.2 million in the same period of the previous year. Operating margin was 0.7% in the first half of fiscal 2026 compared to 0.2% in the prior year period.Other Income and ExpensesTotal other expenses, net of other income was $0.1 million in the first half of fiscal 2026 compared to $0.2 million total other income, net of other expenses in the prior year period.Provision for Income TaxesProvision for income taxes decreased by $0.1 million to $0.2 million in the first half of fiscal 2026 from $0.3 million in the same period of the previous year.Net Income (Loss) and EPSNet income increased by $0.1 million, or 74.9%, to $0.3 million in the first half of fiscal 2026 from $0.2 million net income in the prior year period.Non-GAAP net income[1] decreased by $0.2 million, or 9.5%, to $2.1 million in the first half of fiscal year 2026 from $2.3 million in the prior year period.Net income attributable to CLPS Incorporation's shareholders was $83.0 thousand, or $0.003 basic and diluted earnings per share in the first half of fiscal 2026 compared to a net loss attributable to CLPS Incorporation's shareholders of $0.4 million, or $0.015 basic and diluted losses per share in the prior year period.Non-GAAP net income attributable to CLPS Incorporation's shareholders[2] was $1.8 million, or $0.06 basic and diluted earnings per share in the first half of fiscal 2026 compared to $1.7 million, or $0.06 basic and diluted earnings per share in the prior year period.Cash FlowAs of December 31, 2025, the Company had cash and cash equivalents of $28.4 million compared to $28.2 million as of June 30, 2025.Net cash provided by operating activities was approximately $4.7 million. Net cash used in investing activities was approximately $0.2 million. Net cash used in financing activities was approximately $4.6 million. The effect of exchange rate change on cash was approximately positive $0.4 million. The Company believes that its current cash position and cash flow from operations are sufficient to meet its anticipated cash needs for at least the next 12 months.Financial OutlookUndeterred by the short-term challenges, we remain confident about our long-term business growth. For fiscal year 2026, the Company expects, considering our financial numbers could be affected by the floating exchange rate, and absent material acquisitions or non-recurring transactions, total sales growth in the range of approximately 10% to 15% compared to fiscal year 2025 financial results, and non-GAAP net income in the range of approximately $4.4 million to $5.0 million.This forecast reflects the Company's current and preliminary views, which are subject to change and are subject to risks and uncertainties, including, but not limited to various risks and uncertainties facing the Company's business and operations as identified in its public filings.Exchange RateThe balance sheet amounts with the exception of equity as of December 31, 2025, were translated at 6.9931 RMB to 1.00 USD compared to 7.1636 RMB to 1.00 USD as of June 30, 2025. The equity accounts were stated at their historical rate. The average translation rates applied to the income statements accounts for the periods ended December 31, 2025 and 2024 were 7.1235 RMB to 1.00 USD and 7.1767 RMB to 1.00 USD, respectively. The change in the value of the RMB relative to the U.S. dollar may affect our financial results reported in the U.S. dollar terms without giving effect to any underlying change in our business or results of operation.About CLPS IncorporationCLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries evolve into data-driven, intelligent ecosystems. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X (formerly Twitter), and YouTube. Forward-Looking StatementsCertain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's financial and operational performance in the first half of fiscal year 2026, its expectations of the Company's future performance, its preliminary outlook and guidance offered in this presentation, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.Use of Non-GAAP Financial MeasuresThe consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), except that the consolidated statement of changes in shareholders' equity, consolidated statements of cash flows, and the detailed notes have not been presented. The Company uses non-GAAP cost of revenues, non-GAAP selling and marketing expenses, non-GAAP general and administrative expenses, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP net income attributable to CLPS Incorporation's shareholders, and basic and diluted non-GAAP net income per share, which are non-GAAP financial measures. Non-GAAP cost of revenues is cost of revenue excluding share-based compensation expenses. Non-GAAP selling and marketing expenses is selling and marketing expenses excluding share-based compensation expenses. Non-GAAP general and administrative expenses is general and administrative expenses excluding share-based compensation expenses. Non-GAAP operating income is operating income excluding share-based compensation expenses. Non-GAAP operating margin is non-GAAP operating income as a percentage of revenues. Non-GAAP net income is net income excluding share-based compensation expenses. Non-GAAP net income attributable to CLPS Incorporation's shareholders is net income attributable to CLPS Incorporation's shareholders excluding share-based compensation expenses. Basic and diluted non-GAAP net income per share is non-GAAP net income attributable to common shareholders divided by weighted average number of shares used in the calculation of basic and diluted net income per share. The Company believes that separate analysis and exclusion of the non-cashimpact of share-based compensation expenses clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measure for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measure is useful supplemental information for investors and analysts to assess its operating performance without the effect of non-cash share-based compensation expenses, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. The Company encourages investors to carefully consider its results under GAAP, as well as its supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand its business. For more information on these non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of Non-GAAP and GAAP Results" near the end of this release.Contact:CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com [1] Non-GAAP net income is a non-GAAP financial measure, which is defined as net income excluding share-based compensation expenses. Please refer to the section titled "Unaudited Reconciliation of Non-GAAP and GAAP Results" for details.[2] Non-GAAP net income attributable to CLPS Incorporation's shareholders is a non-GAAP financial measure, which is defined as net income attributable to CLPS Incorporation's shareholders excluding share-based compensation expenses. Please refer to the section titled "Unaudited Reconciliation of Non-GAAP and GAAP Results" for details. CLPS INCORPORATIONCONSOLIDATED BALANCE SHEETS(Amounts in U.S. dollars ("$"), except for number of shares)


As of

December 31,2025(Unaudited)

June 30,2025(Audited)ASSETS




Current assets:




Cash and cash equivalents

28,422,095


28,173,160Short-term investments

916,852


896,949Accounts receivable, net

42,819,285


44,891,161Prepayments, deposits and other assets, net

8,866,524


7,441,565Amounts due from related parties

4,642,400


4,374,595Total Current Assets
$85,667,156

$85,777,430Non-current assets:






Property and equipment, net

20,543,354


21,212,463Intangible assets, net

1,981,780


2,055,102Operating lease right-of-use assets

2,505,610


3,407,995Goodwill

1,420,150


1,435,782Long-term investments

1,687,752


1,718,995Prepayments, deposits and other assets, net

332,357


481,761Amounts due from related parties

2,263,799


1,945,960Deferred tax assets, net

5,964


73,942Total Assets
$116,407,922

$118,109,430







LIABILITIES AND SHAREHOLDERS' EQUITY






Current liabilities:






Bank loans
$26,166,467

$30,217,329Accounts payable

2,490,272


2,515,207Accrued expenses and other current liabilities

456,200


260,880Tax payables

2,270,979


2,463,706Contract liabilities

4,909,035


2,470,135Salaries and benefits payable

12,123,893


14,062,007Operating lease liabilities

2,126,684


2,348,195Amount due to related parties

61,208


21,884Total Current Liabilities
$50,604,738

$54,359,343Non-current liabilities:






Operating lease liabilities

554,299


1,301,369Deferred tax liabilities

145,500


251,812Unrecognized tax benefit

4,004,545


3,715,163Other non-current liabilities

918,611


896,747TOTAL LIABILITIES
$56,227,693

$60,524,434Commitments and Contingencies














Shareholders' Equity






Common stock, $0.0001 par value, 100,000,000 shares authorized;  29,841,828 shares
   issued and outstanding as of December 31, 2025;  27,988,452 shares issued and
   outstanding as of June 30, 2025

2,984


2,799Additional paid-in capital

61,930,342


60,177,851Statutory reserves

6,059,696


5,853,445Accumulated deficit

(7,525,036)


(7,401,803)Accumulated other comprehensive losses

(2,612,878)


(3,095,507)







Total CLPS Incorporation's Shareholders' Equity

57,855,108


55,536,785







Noncontrolling Interests

2,325,121


2,048,211







Total Shareholders' Equity

60,180,229


57,584,996







Total Liabilities and Shareholders' Equity
$116,407,922

$118,109,430 CLPS INCORPORATIONUNAUDITED CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME(Amounts in U.S. dollars ("$"), except for number of shares)


For the six months ended
December 31,

2025

2024





Revenues
$85,085,021

$82,777,520Less: Cost of revenues (note 1)

(65,536,781)


(63,622,547)Gross profit

19,548,240


19,154,973







Operating income (expenses):






Selling and marketing expenses (note 1)

2,119,851


2,452,957Research and development expenses

2,012,252


3,281,877General and administrative expenses (note 1)

14,940,334


14,115,055Subsidies and other operating income

(161,221)


(853,986)Total operating expenses

18,911,216


18,995,903Income from operations

637,024


159,070Other income

359,284


585,266Other expenses

(472,495)


(371,032)Income before income tax and share of  (loss) income in equity investees

523,813


373,304Provision for income taxes

170,040


267,790Income (loss) before share of income in equity investees

353,773


105,514Share of (loss) income in equity investees, net of tax

(33,669)


77,505Net income

320,104


183,019Less: Net income attributable to noncontrolling interests

237,086


572,932Net income (loss) attributable to CLPS Incorporation's shareholders
$83,018

$(389,913)







Other comprehensive income (loss)














Foreign currency translation income
$522,453

$93,127Less: foreign currency translation income (loss) attributable to noncontrolling interest

39,824


(14,109)Other comprehensive income attributable to CLPS Incorporation's shareholders
$482,629

$107,236







Comprehensive income (loss) attributable to






CLPS Incorporation's shareholders
$565,647

$(282,677)Comprehensive income attributable to noncontrolling interests

276,910


558,823Comprehensive income
$842,557

$276,146







Basic income (loss) per common share
$0.003

$(0.015)Weighted average number of share outstanding – basic

28,947,672


26,859,936Diluted income (loss) per common share
$0.003

$(0.015)Weighted average number of share outstanding – diluted

29,551,271


26,859,936
Note:
(1) Includes share-based compensation expenses as follows:
Cost of revenues

2,251


5,306Selling and marketing expenses

14,250


89,652General and administrative expenses

1,736,176


2,011,255


1,752,677


2,106,213 CLPS INCORPORATION
UNAUDITED RECONCILIATION OF NON-GAAP AND GAAP RESULTS
(Amounts in U.S. dollars ("$"), except for number of shares)




For the six months ended
December 31,


2025

2024







Cost of revenues
$(65,536,781)

$(63,622,547)
Less: share-based compensation expenses

(2,251)


(5,306)
Non-GAAP cost of revenues
$(65,534,530)

$(63,617,241)









Selling and marketing expenses
$(2,119,851)

$(2,452,957)
Less: share-based compensation expenses

(14,250)


(89,652)









Non-GAAP selling and marketing expenses
$(2,105,601)

$(2,363,305)









General and administrative expenses
$(14,940,334)

$(14,115,055)
Less: share-based compensation expenses

(1,736,176)


(2,011,255)
Non-GAAP general and administrative expenses
$(13,204,158)

$(12,103,800)









Operating income
$637,024

$159,070
Add: share-based compensation expenses

1,752,677


2,106,213
Non-GAAP operating income
$2,389,701

$2,265,283









Operating Margin

0.7%

0.2%Add: share-based compensation expenses

2.1%

2.5%Non-GAAP operating margin

2.8%

2.7%








Net income
$320,104

$183,019
Add: share-based compensation expenses

1,752,677


2,106,213
Non-GAAP net income
$2,072,781

$2,289,232









Net income (loss) attributable to CLPS Incorporation's shareholders
$83,018

$(389,913)
Add: share-based compensation expenses

1,752,677


2,106,213
Non-GAAP net income attributable to CLPS Incorporation's shareholders
$1,835,695

$1,716,300









Weighted average number of share outstanding used in computing GAAP and non-
   GAAP basic earnings

28,947,672


26,859,936
GAAP basic income (loss) per common share
$0.003

$(0.015)
Add: share-based compensation expenses

0.057


0.075
Non-GAAP basic earnings per common share
$0.06

$0.06









Weighted average number of share outstanding used in computing GAAP diluted
   income (loss)

29,551,271


26,859,936
Weighted average number of share outstanding used in computing non-GAAP
   diluted earnings

29,551,271


27,343,717









GAAP diluted income (loss) per common share
$0.003

$(0.015)
Add: share-based compensation expenses

0.057


0.075
Non-GAAP diluted earnings per common share
$0.06

$0.06
 



View original content:https://www.prnewswire.com/news-releases/clps-incorporation-reports-financial-results-for-the-first-half-of-fiscal-year-2026-302706584.htmlSOURCE CLPS

Original: CLPS Incorporation Reports Financial Results for the First Half of Fiscal Year 2026

CLPS Incorporation to Announce First Half of Fiscal 2026 Financial ResultsFebruary 27, 2026 8:30 AM
PR Newswire (US)

HONG KONG, Feb. 27, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced that it will release its financial results for the six months ended December 31, 2025, (the first half of the Company's fiscal year 2026) before the market opens on Friday, March 6, 2026.About CLPS IncorporationCLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries evolve into data-driven, intelligent ecosystems. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X (formerly Twitter), and YouTube.Forward-Looking StatementsCertain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.Contact:CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com 



View original content:https://www.prnewswire.com/news-releases/clps-incorporation-to-announce-first-half-of-fiscal-2026-financial-results-302699503.htmlSOURCE CLPS

Original: CLPS Incorporation to Announce First Half of Fiscal 2026 Financial Results

CLPS Incorporation Appoints Former Citi Executive Simon Chiang as QCC CEO to Drive Next-Gen Payment StrategyFebruary 13, 2026 8:30 AM
PR Newswire (US)

HONG KONG, Feb. 13, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced the appointment of Mr. Simon Chiang as Chief Executive Officer of its wholly-owned subsidiary, Qinson Credit Card Services Limited ("QCC"), a provider of next-generation payment and financial infrastructure solutions.Mr. Chiang brings over 20 years of global leadership experience in banking technology, payments, and large-scale platform transformation, with a distinguished track record across the Asia-Pacific, EMEA, and LATAM regions. Before joining QCC, he held several senior technology leadership positions at Citibank N.A. ("Citi"), including Head of North Asia Consumer Technology, Hong Kong Country Technology CIO, and Global Head of International Cards & Payments Technology. In these roles, he oversaw mission-critical systems spanning more than 40 markets. Prior to Citi, he was the lead payment consultant in First Data International supporting clients across the Asia-Pacific region, and also led retail banking and FX/MM system transformation in Bank of America (Asia). During his tenure at Citi, Mr. Chiang led multiple high-impact initiatives, including core banking and card platform modernization, cross-border payments transformation, API platform development, cloud-native migration, and regulatory-grade technology resilience programs. His leadership consistently delivered measurable improvements in scalability, system stability, cost efficiency, and speed-to-market, while ensuring compliance with stringent regulatory and operational standards across diverse jurisdictions.Under his leadership, QCC will continue to execute its mission of delivering secure, flexible, and future-ready payment infrastructure. It provides banks, financial institutions, and enterprises with a comprehensive suite of services, including card processing, account-to-account payments, cross-border transactions, emerging payment types, and innovative payment technologies."I am honored to join QCC at this pivotal moment in the evolution of global payments," said Mr. Simon Chiang. "My experience in building and transforming mission-critical financial platform aligns with QCC's goal of delivering secure, scalable, and future-ready solutions. I look forward to working with our talented team and partners to enhance payment efficiency, platform interoperability, and innovation across evolving payment ecosystems."Mr. Raymond Lin, Chief Executive Officer of CLPS, stated, "Simon's appointment marks a critical milestone for QCC and aligns perfectly with CLPS's strategic focus on advancing corporate transformation. Moving forward, we will deepen our investment in frontier financial technologies and next-generation payment innovations to accelerate sustainable growth in high-potential areas."About Qinson Credit Card Services LimitedQinson Credit Card Services Limited (QCC) is a wholly owned subsidiary of CLPS Incorporation, focused on developing modular, API-driven payment and financial infrastructure solutions for banks, fintech companies, and regulated financial institutions worldwide.About CLPS IncorporationCLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries evolve into data-driven, intelligent ecosystems. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X (formerly Twitter), and YouTube.Forward-Looking StatementsCertain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.Contact:CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com



View original content:https://www.prnewswire.com/news-releases/clps-incorporation-appoints-former-citi-executive-simon-chiang-as-qcc-ceo-to-drive-next-gen-payment-strategy-302687510.htmlSOURCE CLPS

Original: CLPS Incorporation Appoints Former Citi Executive Simon Chiang as QCC CEO to Drive Next-Gen Payment Strategy

1.80 test

CLPS here we go

CLPS china on the weekly to magnet 2.09

CLPS china on the weekly to magnet 2.09

CLPS- anyone here have an thoughts on where this stock is going? From a revenues standpoint; do we have any projection on rising/falling revenues? Has company shared anything on this?
The subsidiary IPO or offering...any current update on this? How does this fit into the valuation of $CLPS?
Is the stock price going anywhere?

Looks interesting.

CLPS - to report Annual results this month. Check news feed. Should be a catalyst.

CLPS Incorporation 2H Sales $67.7M, Up 44.6% YoY; Adj. EPS $0.29, Up From $0.23 YoY

News ALERT -
Low float, could make a major move on this news to open up a new market in Phillipines!

CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), today announced that it established CLPS Technology (Philippines) Corp. ("CLPS Philippines") in Metro Manila. The formation of the Philippine subsidiary is in line with the Company's global expansion strategy, particularly to extend its operation in Southeast Asia. CLPS Philippines has completed the initial phase of its business and started to be operational.

In recent years, CLPS has been proactively advancing its presence in Southeast Asia due to the continuous demand for financial IT services in the region. One such move is the completion of Ridik acquisition that led to designating Singapore as Southeast Asia headquarters of CLPS. Therefore, the Company established CLPS Philippines to support its clients' respective international business, and eventually a means to penetrate the domestic financial IT services market in the country. As a result of this strategy, it will enable CLPS to maintain a strong foothold in the region.

CLPS appointed Mr. Srustijeet Mishra, head of CLPS Southeast Asia region, as the director and president of CLPS Philippines. "The establishment of the Philippine subsidiary is another solid evidence of the successful implementation of our global expansion strategy. In addition, it will provide a more efficient service delivery to our international clients' businesses in the country. Our competitive advantage as a provider of industry-leading IT consulting and solution services in Asia Pacific region positions us to better serve our clients in banking and other financial institutions," Mr. Mishra said. "As we look ahead, we will institute plans to drive our overseas presence, such as exploring business potentials in other parts of Southeast Asia to further push our overseas revenue in an upward trend," he ended.

This one actually has earnings and some sound fundamentals. Look for higher prices this month and hopefully the rest of the year...

CLPS why are they selling? Because they obviously dumped a bunch of stocks after they got all the big sellers out. Crooks with mm's to help.

Nice but why the sell off? They dumping stock?

CLPS very strong financials just starting $6.33 hod small float.

https://finance.yahoo.com/news/clps-incorporation-reports-financial-results-112000566.html

$CLPS is rocketing after the company released its unaudited results for the first half of fiscal 2021. Here's what you need to know: https://cnafinance.com/clps-stock-climbing-on-financial-results/

I hope she has a rebound tomorrow. I'm holding a big bag with shares at $13.50 & $15.00. I expected a rebound after the steep decline on Tuesday, but it just kept on sliding. I expect to see a short squeeze come through if indeed there is value to this deal, esp if with PP.

Go CLPS!!

Clps lets go

* * $CLPS Video Chart 02-17-2021 * *

Link to Video - click here to watch the technical chart video

LOL. COME ON CLPS, GIVE ME $50.

Shareholders of record - 12?

Is this company for real?

Their address is a virtual office in China:

Unit 702, 7th Floor, Millennium City II, 378 Kwun Tong Road
Kwun Tong, Kowloon
Hong Kong SAR

http://www.startup-offices.com/location/hong-kong/millennium-city-kwun-tong

Drop huge since last time I trade this stock!

One of these days I expect to wake up to a giant premarket candle

Manipulation still running rampant but looks like they really had to dig themselves into a hole on fridays vol spike... could be an interesting week here $CLPS

Im still holding. Huge volume spike. I missed the pre market spike. But I think we will go much much higher potentially (5-10x)

Super tight float and im guessing Friday was a squeeze and someone desperately trying to hold it back. Will see what monday/Tuesday brings

ok im ready for next week :) sold to early sucks being tits...

out @ 3.90 1.5% only +$300 im pau till tuesday

clps in @ 3.84 ftw

This one can really move imo

CLPS~~4.14 25%% up PM

Selling below bid. Amazing the manipulation that goes on

Just got in. From the recent financial PR, looks like a solid company. Do you know much about the catalysts for the movement up?

significant increase in volumes .. probably new arrivals the chart is gorgeous ready for departure

nobody here? I don't want to pump but this is an authentic gift at these prices !!! look at the basics !!! could triple and would still be taken for granted

* * $CLPS Video Chart 12-24-2019 * *

Link to Video - click here to watch the technical chart video

Awesome! 6.65 +52.20%

Good call...lol

Where did you see that?

Carl Icahn took stake today. Watch for 100% run again tomorrow

Yes,Bought the small float breakout here

Good buy! > no news catalyst, but has a 3M trading float.

In average 5,50

Mr. Raymond Lin, Co-Founder and Chief Executive Officer of CLPS Incorporation, commented: “Following the success of our recent initial public offering and listing of our securities on the Nasdaq Stock Market in May, we are excited about this opportunity to invest in Lihong. As specialists in financial information technology, we view Lihong as a promising emerging business with complementarities to our core competencies with a potential for future growth.”

CLPS Incorporation Announces Strategic Investment in Lihong Financial Information Services Co., Ltd.

CLPS Incorporation (the "Company" or Nasdaq: CLPS), a leading information technology consulting and solutions service provider focusing on the banking, insurance and financial sectors in China and globally, today announced its strategic investment in Lihong Financial Information Services Co., Ltd. ("Lihong”), an internet lending platform company in China.
The Company, through its wholly-owned subsidiary, Qiner Co., Limited, signed a shareholder agreement (the “Agreement”) with Lihong dated as of June 19, 2018, pursuant to which, the Company acquired a 2.7% ownership stake in Lihong in consideration for the purchase price of RMB 1 million. In addition, the Company’s will be entitled to appoint one representative to Lihong’s Board of Directors, effective as of the date of this investment.

Founded in 2015 and headquartered in Shanghai, Lihong is an investment stage Internet lending platform company in China. The platform facilitates small and mid-sized PRC banks providing consumer loans with insurance policies acting as debt collateral. Lihong receives a per-transaction fee which is generally contingent upon the size of loan transaction, as well a fixed maintenance fee.

Mr. Raymond Lin, Co-Founder and Chief Executive Officer of CLPS Incorporation, commented: “Following the success of our recent initial public offering and listing of our securities on the Nasdaq Stock Market in May, we are excited about this opportunity to invest in Lihong. As specialists in financial information technology, we view Lihong as a promising emerging business with complementarities to our core competencies with a potential for future growth.”

“Our minority stake in Lihong stands for our expanding footprint in the domestic (PRC) lending Fintech industry,” added the Company’s Chief Financial Officer, Tian van Acken. “We believe that this investment will increase our penetration of the SME and second-tier domestic lending industry. We expect to benefit from client referrals resulting from this investment as we design and deliver our value-added solutions based upon our expertise servicing international banks and insurance companies with IT consulting and solution services to smaller institutions. We envision Lihong’s fee based model as a prototype for future solution based products by CLPS and expect Lihong to leverage our extensive R&D and sophisticated infrastructure knowledge to improve its platform. We look forward to Lihong’s growth and intend to support it and enhance it as opportunities arise,” Ms. van Acken concluded.

About CLPS Incorporation

Headquartered in Shanghai, China, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology (“IT”), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia and Hong Kong and their PRC-based IT centers. The Company maintains eleven delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Chengdu, Guangzhou and Shenzhen. The remaining four global centers are located in Hong Kong, Taiwan, Singapore and Australia. For further information regarding the Company, please visit: http://ir.clpsglobal.com/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including, among others, the Company’s ability to leverage and capitalize upon the complementary nature of the Lihong investment. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, among other factors. . Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

CLPS Incorporation Announces Partnership with GloBird Energy Pty Ltd for Mobile Payments in Australia

CLPS Incorporation (the "Company" or Nasdaq: CLPS), a leading information technology consulting and solutions service provider focusing on the banking, insurance and financial sectors in China and globally, today announced that it has reached an agreement with GloBird Energy Pty. Ltd. (“GloBird Energy”), a competitive cost energy provider in Australia, to establish a QR Code based billing service using the Q-Bill product to facilitate utility payments.
In an effort to provide an efficient cash free payment system, CLPS and SuperPay, a widely used cross border payment brand in Australia, jointly launched Q-Bill, a QR-Code based payment system. The Company, through its consolidated subsidiary, CLPS Technology (Australia) Pty. Ltd., signed a service agreement with GloBird Energy dated June 13, 2018, pursuant to which the Company will use Q-Bill to provide a QR Code billing for utility payments to GloBird Energy. Q-Bill will generate QR Codes for GloBird clients which can be scanned for mobile payments through widely adopted platforms, including Alipay and WeChat Pay. GloBird will be able to review and download the transaction data from a web portal.

Mr. Raymond Lin, Co-Founder and Chief Executive Officer of CLPS Incorporation, commented: “In recent years China has become a global leader implementing “cash-free” payment systems. CLPS brings its long history of expertise in payment systems to Australia as we offer an attractive alternative to cash payments with Q-Bill. This innovative product is attractive to GloBird Energy’s customers, as they can now leave their wallets behind and easily pay their utility bills with their phone, while GloBird Energy benefits from convenient access to transaction history.”

Mr. Lin concluded: “We are excited to see further adoption of Q-Bill as CLPS continues to offer solutions that are practical, efficient, and features cutting edge technology.”

About CLPS Incorporation

Headquartered in Shanghai, China, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology (“IT”), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia and Hong Kong and their PRC-based IT centers. The Company maintains eleven delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Chengdu, Guangzhou and Shenzhen. The remaining four global centers are located in Hong Kong, Taiwan, Singapore and Australia. For further information regarding the Company, please visit: http://ir.clpsglobal.com/.

About GloBird Energy Pty. Ltd.

Established in 2014, headquartered in Mitcham, Australia, GloBird Energy Pty. Ltd. is a budget electricity company offering Victorian energy users more choice and better value. GloBird Energy Pty. Ltd. tailors its energy solutions to the needs of both the residential and commercial sectors. Compare electricity plans and save big on your next bill. For further information regarding the GloBird Energy Pty. Ltd., please visit: https://www.globirdenergy.com.au/

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including, among others, commercial viability and proliferation of the mobile payment technologies in Australia and cross-border transactions. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, among other factors. . Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.