NASN Intelligent Tech (Zhejiang) (2261) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB368.3 million, up 36.8% year-over-year, driven by strong growth in brake-by-wire solutions, which accounted for 99.6% of total revenue and rose 40.6% year-over-year.

• The company achieved significant market and customer expansion, securing 142 design wins from 24 OEMs and entering mass production with 80 vehicle models.

• R&D investment increased, with new product iterations and expansion into robotics and other motion control fields planned.

• The company listed on the Hong Kong Stock Exchange on August 7, 2026, eliminating redemption liabilities.

• Gross profit increased 38.7% to RMB49.3 million, with gross margin reaching 13.4%.

Financial highlights

• Gross profit rose 38.7% to RMB49.3 million, with gross margin improving to 13.4% from 13.2% year-over-year.

• Operating loss widened to RMB38.2 million, up 389.7% year-over-year, mainly due to higher listing and share-based payment expenses.

• Net loss was RMB109.6 million, compared to RMB70.2 million in H1 2025; adjusted net loss (non-IFRS) was RMB13.4 million, up from RMB7.2 million.

• Basic and diluted loss per share was RMB3.26, compared to RMB2.31 a year earlier.

• Net cash used in operating activities improved to RMB131.1 million from RMB212.5 million year-over-year.

Outlook and guidance

• The company plans to leverage its technical foundation to expand into robotics and other motion control applications, aiming for a second growth curve.

• Continued focus on R&D and customer diversification is expected to drive future growth and resilience.

• Focus on cross-domain technology deployment and seeking new growth markets.