Youlife Group Inc 6-K, filed Oct 15, 2026

Youlife Group Inc. (YOUL)

6-K 2026-10-15 For: 2026-06-30

Added on October 15, 2026

About this 6-K

Youlife Group Inc filed this 6-K on October 15, 2026.

Youlife Group Inc. reported revenue of RMB1,961.9 million for the six months ended June 30, 2026, up 114.8% YoY, while net profit was RMB30.3 million and cash and cash equivalents were RMB130.0 million as of June 30, 2026. AI summary

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	Youlife Group Inc.

	By:	/s/ Yunlei Wang
	Name:	Yunlei Wang
	Title:	Chairman and Chief Executive Officer

Exhibit No.		Description
Exhibit 99.1		Press Release
Exhibit 99.2		Unaudited Consolidated Financial Statements as of December 31, 2025 and June 30, 2026 and for the six months ended June 30, 2025 and 2026
Exhibit 99.3		Management’s Discussion and Analysis of Financial Condition and Results of Operations
101.INS		Inline XBRL Instance Document
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Label Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Presentation Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Definition Linkbase Document
104		Cover Page Interactive Data File formatted as Inline XBRL and contained in Exhibit 101

	As of December 31,		As of June 30,
	2025		2026
	RMB		RMB		USD
ASSETS
Current assets
Cash and cash equivalents		144,219		130,033		19,092
Accounts receivables, net		342,783		475,957		69,882
Prepayments and other receivables, net		448,083		469,881		68,990
Inventories, net		2,086		1,381		203
Total current assets		937,171		1,077,252		158,167
Property and equipment		61,864		59,618		8,753
Right-of-use assets		37,048		35,833		5,261
Intangible assets		8,361		50,914		7,475
Goodwill		-		38,107		5,595
Long-term investment		96,738		96,738		14,203
Deferred tax assets		23,369		19,612		2,880
Other non-current assets		78,305		93,296		13,699
Total non-current assets		305,685		394,118		57,866
Total assets		1,242,856		1,471,370		216,033
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities
Contract liabilities		34,640		45,824		6,728
Trade and bills payables		74,485		48,319		7,094
Other payables and accruals		212,849		346,469		50,872
Short-term borrowings		126,054		138,248		20,298
Lease liabilities		6,793		6,823		1,002
Tax payable		9,300		15,378		2,258
Total current liabilities		464,121		601,061		88,252
Lease liabilities-non current		25,491		25,706		3,774
Long-term borrowings		-		3,738		549
Total non-current liabilities		25,491		29,444		4,323
Total liabilities		489,612		630,505		92,575

Commitments and Contingencies
SHAREHOLDERS’ EQUITY
Ordinary shares (US$0.0001 par value; 500,000,000 shares authorized as at December 31, 2025 and June 30, 2026; 76,048,501 shares and 81,016,311 shares issued and outstanding as at December 31, 2025 and June 30, 2026, respectively) ^*	55		56		8
Treasury shares	(31	)	(31	)	(5	)
Additional paid-in capital	1,303,581		1,360,894		199,811
Statutory surplus reserve	10,531		10,981		1,612
Accumulated losses	(579,876	)	(549,832	)	(80,728	)
Total Youlife Group Inc. shareholders’ equity	734,260		822,068		120,698
Non-controlling interests	18,984		18,797		2,760
Total shareholders’ equity	753,244		840,865		123,458
Total liabilities, and shareholders’ equity	1,242,856		1,471,370		216,033

	Six Months Ended June 30,
	2025			2026
	RMB			RMB			USD
Revenue		913,333			1,961,898			288,053
Cost of revenue		(784,828	)		(1,792,692	)		(263,209	)
Gross profit		128,505			169,206			24,844
Operating expenses
Selling and distribution expenses		(24,680	)		(69,072	)		(10,141	)
Administrative expenses		(56,422	)		(61,479	)		(9,027	)
Research and development expenses		(1,589	)		(8,263	)		(1,213	)
Total operating expenses		(82,691	)		(138,814	)		(20,381	)
Income from operations		45,814			30,392			4,463
Other income/(expense)
Other incomes		5,657			8,498			1,248
Other expenses		(370	)		(459	)		(67	)
Gain on dissolution of subsidiaries and branches		638			-			-
Financial cost, net		(2,122	)		(3,396	)		(499	)
Total other income, net		3,803			4,643			682
PROFIT BEFORE TAX		49,617			35,035			5,145
Income tax expenses		(12,045	)		(4,728	)		(694	)
Net profit for the year		37,572			30,307			4,451
Net loss attribute to non-controlling interests		(144	)		(187	)		(27	)
Net profit attribute to Youlife Group Inc.		37,716			30,494			4,478
Net earnings per share:
Basic and diluted
Basic net earnings per share		0.54			0.38			0.06
Diluted net earnings per share		0.54			0.38			0.06
Shares used in net earnings per share computation
Basic		70,000,000			80,192,917			80,192,917
Diluted		70,000,000			80,192,917			80,192,917
TOTAL COMPREHENSIVE INCOME FOR THE YEAR		37,572			30,307			4,451
Comprehensive income/(loss) attribute to non-controlling interest		(144	)		(187	)		(27	)
Comprehensive income attribute to Youlife Group Inc.		37,716			30,494			4,478

	Attributable to owners of the parent
	Ordinary shares*						Treasury			Additional paid-in			Statutory surplus		Accumulated						Non- controlling			Total
	Class A		Class B		Amount		shares			capital			reserve		losses			Total			interests			equity
					RMB		RMB			RMB			RMB		RMB			RMB			RMB			RMB
Balance as of January 1, 2026		76,048,501		11,160,808		55		(31	)		1,303,581			10,531		(579,876	)		734,260			18,984			753,244
Profit for the year		-		-		-		-			-			-		30,494			30,494			(187	)		30,307
Total comprehensive profit for the year		-		-		-		-			-			-		30,494			30,494			(187	)		30,307
Costs incurred in connection with reverse recapitalization		-		-		-		-			(10,768	)		-		-			(10,768	)		-			(10,768	)
Shares issued as part of an acquisition		4,967,810		-		1		-			68,081			-		-			68,082			-			68,082
Transfer from retained profits		-		-		-		-			-			450		(450	)		-			-			-
Balance as of June 30, 2026		81,016,311		11,160,808		56		(31	)		1,360,894			10,981		(549,832	)		822,068			18,797			840,865
Balance as of June 30, 2026 in USD		81,016,311		11,160,808		8		(5	)		199,811			1,612		(80,728	)		120,698			2,760			123,458

Level 1 –	based on quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2 –	based on valuation techniques for which the lowest level input that is significant to the fair value measurement is observable, either directly or indirectly

Level 3 –	based on valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable

●	the rights to receive cash flows from the asset have expired; or

●	the Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

	(i)	has control or joint control over the Group;

	(ii)	has significant influence over the Group; or

	(iii)	is a member of the key management personnel of the Group or of a parent of the Group;

	(i)	the entity and the Group are members of the same group;

	(ii)	one entity is an associate or joint venture of the other entity (or of a parent, subsidiary or fellow subsidiary of the other entity);

	(iii)	the entity and the Group are joint ventures of the same third party;

	(iv)	one entity is a joint venture of a third entity and the other entity is an associate of the third entity;

	(v)	the entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group;

	(vi)	the entity is controlled or jointly controlled by a person identified in (a);

	(vii)	a person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); and

	(viii)	the entity, or any member of a group of which it is a part, provides key management personnel services to the Group or the parent of the Group.

	(a)	the vocational education segment engages in the provision of vocational education entrusted management services, self-operated vocational school services, curriculum co-development projects services and vocational training services;

	(b)	the HR recruitment segment engages in the provision of HR recruitment services regarding blue-collar talent to customers;

	(c)	the employee management segment engages in the provision of labor outsourcing services, labor dispatch services and others;

	(d)	the market service segment engages in the provision of value-added services.

	Six months Ended June 30, 2025
	Continuing operation
	Vocational education			HR recruitment			Employee management			Market service			Total
	RMB			RMB			RMB			RMB			RMB
Segment revenue
Sales to external customers		17,235			9,123			847,790			39,185			913,333
Cost of revenue		(7,233	)		(1,345	)		(748,240	)		(28,010	)		(784,828	)
Gross profit		10,002			7,778			99,550			11,175			128,505
Gross profit %		58.0			85.3			11.7			28.5			14.1

	Six months Ended June 30, 2026
	Continuing operation
	Vocational education			HR recruitment			Employee management			Market service			Total
	RMB			RMB			RMB			RMB			RMB
Segment revenue
Sales to external customers		22,941			17,669			1,884,238			37,050			1,961,898
Cost of revenue		(11,425	)		(3,607	)		(1,749,509	)		(28,151	)		(1,792,692	)
Gross profit		11,516			14,062			134,729			8,899			169,206
Gross profit %		50.2			79.6			7.2			24.0			8.6

	As of acquisition close date 2026
	RMB
Fair value of consideration transferred
Ordinary shares		68,082
Number of ordinary shares issued		4,967,810

Intangible assets - customer relationships		45,700
Other identifiable net assets acquired		(15,725	)
Total identifiable net assets acquired		29,975
Goodwill		38,107
Total purchase consideration		68,082

	As of June 30, 2026
	RMB			USD
2026		5,953			874
2027		8,584			1,260
2028		6,646			976
2029		5,466			803
2030 and after		10,294			1,511
Total undiscounted cashflows		36,943			5,424
Less: imputed interest		(4,414	)		(648	)
Present value of lease liabilities		32,529			4,776

	Six Months Ended June 30,
	2025			2026
	RMB			RMB			USD
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit		37,572			30,307			4,451
Adjustments for:
Depreciation of items of property and equipment		5,095			3,976			584
Amortization of right-of-use assets		6,107			6,895			1,012
Amortization of other intangible assets		899			3,147			462
Gain on dissolution of subsidiaries and branches		(638	)		-			-
Impairment of trade receivables		984			268			39
Impairment of prepayments and other receivables		-			1,800			264
Listing expense		12,512			-			-
Changes in operating assets and liabilities:
Increase in trade receivables		(50,560	)		(31,214	)		(4,583	)
Increase in prepayments, other receivables and other assets		(381	)		(668	)		(98	)
Decrease in inventories		2,522			705			104
Decrease in deferred tax assets, net		11,497			3,757			552
Decrease in trade and bills payables		(1,605	)		(6,994	)		(1,027	)
(Decrease)/increase in contract liability		(13,315	)		2,771			407
Increase in other payables and accruals		4,371			4,990			731
Increase/(decrease) in tax payable		1,763			(5,167	)		(759	)
Increase in right-of-use assets		(1,994	)		(5,681	)		(834	)
(Decrease)/increase in lease liabilities		(1,139	)		245			36
Total Net cash flows generated from operating activities		13,690			9,137			1,341

	Six Months Ended June 30,
	2025			2026
	RMB			RMB			USD
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of items of property and equipment		-			(348	)		(51	)
Cash received from a business combination		-			24,006			3,525
Long-term investments		(98,512	)		-			-
Total Net cash flows (used in)/generated from investing activities		(98,512	)		23,658			3,474
CASH FLOWS FROM FINANCING ACTIVITIES
Payment for listing expenses		(12,512	)		(10,768	)		(1,581	)
New bank and other borrowings		85,980			88,705			13,024
Repayment of bank and other borrowings		(42,467	)		(79,222	)		(11,632	)
Repayment of advances from third parties		(54,880	)		(45,696	)		(6,709	)
Proceed from PIPE investors		141,198			-			-
Total Net cash flows generated from/(used in) financing activities		117,319			(46,981	)		(6,898	)
Net increase/(decrease) in cash and cash equivalents		32,497			(14,186	)		(2,083	)
Cash and cash equivalents at beginning of the year		126,531			144,219			21,175
Cash and cash equivalents at end of the year		159,028			130,033			19,092

Supplemental disclosures of cash flow information:
Income taxes paid		1,744			1,239			182

	Six Months End June 30,
	2025		2026
	RMB		RMB		USD
Basic and diluted earnings per share calculation
Numerator:
Net profit attribute to Youlife Group Inc.		37,716		30,494		4,478
Denominator:
Basic Weighted average number of shares outstanding		70,000,000		80,192,917		80,192,917
Basic net earnings per share		0.54		0.38		0.06
Diluted Weighted average number of shares outstanding		70,000,000		80,192,917		80,192,917
Diluted net earnings per share		0.54		0.38		0.06

	For Six Months Ended June 30,
	2025		2026
	RMB		RMB		USD
	(in thousands)
GAAP net profit		37,572		30,307		4,451
Reconciliation item:
Add:
Fair value loss from financial assets at fair value through profit or loss, net of tax impact of nil		-		-		-
Non-GAAP adjusted net profit		37,572		30,307		4,451
Add:
Income tax expense		12,045		4,728		694
Depreciation		5,095		3,976		584
Amortization		7,006		10,042		1,474
Interest expense		1,957		2,402		353
Non-GAAP adjusted EBITDA		63,675		51,455		7,556

	For Six Months Ended June 30,
	2025			2026
	RMB			RMB			USD
	(in thousands)
Revenues		913,333			1,961,898			288,053
Cost of revenue		(784,828	)		(1,792,692	)		(263,209	)
Gross profit		128,505			169,206			24,844
Operating expenses:
Selling and distribution expenses		(24,680	)		(69,072	)		(10,141	)
Administrative expenses		(56,422	)		(61,479	)		(9,027	)
Research and development expenses		(1,589	)		(8,263	)		(1,213	)
Total operating expenses		(82,691	)		(138,814	)		(20,381	)
Operating income		45,814			30,392			4,463
Other income/(expense):
Other incomes		5,657			8,498			1,248
Other expenses		(370	)		(459	)		(67	)
Gain on dissolution of subsidiaries and branches		638			-			-
Financial expense, net		(2,122	)		(3,396	)		(499	)
Total other income, net		3,803			4,643			682
Profit before tax		49,617			35,035			5,145
Income tax expenses		(12,045	)		(4,728	)		(694	)
Net profit for the year		37,572			30,307			4,451
Net loss attribute to non-controlling interests		(144	)		(187	)		(27	)
Net profit attribute to Youlife Group Inc.		37,716			30,494			4,478
Non-GAAP Financial Data¹
Adjusted net profit		37,572			30,307			4,451
Adjusted EBITDA		63,675			51,455			7,556

	For the Six Months Ended June 30,										Variance
	2025				2026						Amount
	RMB		%		RMB		US$		%		RMB			%
	(in thousands, except for percentages)
Vocational education services		17,235		1.9		22,941		3,368		1.2		5,706			33.1
Employee management services		847,790		92.8		1,884,238		276,650		96.0		1,036,448			122.3
HR recruitment services		9,123		1.0		17,669		2,594		0.9		8,546			93.7
Market Services		39,185		4.3		37,050		5,440		1.9		(2,135	)		(5.4	)
Total		913,333		100.0		1,961,898		288,053		100.0		1,048,565			114.8