Hotai Motor (2207) Q2 2026 earnings summary

Executive summary

• Achieved significant revenue and profit growth in the first half of 2026, driven by strong domestic sales and the inclusion of Japanese Hino dealer revenue.

• Expanded operational footprint with new investments and service locations, particularly in Japan and Taiwan.

• Launched several new vehicle models and enhanced MaaS and ESG initiatives.

Financial highlights

• Total income for January–June 2026 reached 160,883 million NTD, up 19,239 million year-over-year.

• Net profit for the period was 13,760 million NTD, an increase of 4,029 million compared to the same period last year.

• Earnings per share rose to 21.57 NTD from 14.49 NTD year-over-year.

• July 2026 consolidated revenue hit a record 30,043 million NTD, up 115.89% year-over-year.

Outlook and guidance

• 2026 sales target set at 165,000 units with a market share goal of 38.4%.

• Market outlook includes positive impacts from commodity tax subsidies, AI industry growth, and potential tariff clarifications, but also notes geopolitical and oil price risks.