Saimo Technology (300466) Q2 2026 earnings summary

Executive summary

• H1 2026 revenue rose 6.35% YoY to RMB 229.22m; net income attributable to shareholders was RMB 12.42m, reversing a RMB 15.24m loss. Management cited improved revenue mix and gross margin, lower credit impairment losses, and expense control.

• Adjusted for RMB 1.31m of non-recurring gains, attributable net income was RMB 11.11m; the interim period was unaudited.

Financial highlights

• Revenue was RMB 229.22m versus RMB 215.53m, up 6.35% YoY; operating costs fell 1.92% to RMB 128.37m.

• Net income attributable to shareholders was RMB 12.42m; adjusted net income excluding non-recurring items was RMB 11.11m, versus losses of RMB 15.24m and RMB 17.70m, respectively, a year earlier.

• Operating income was RMB 13.21m versus an operating loss of RMB 17.52m; consolidated net income was RMB 10.82m versus a net loss of RMB 18.17m.

• Gross margin increased 4.72 percentage points YoY; period expenses declined 4.44% YoY, while R&D expense fell 7.87% to RMB 17.87m.

• Financial expense declined 49.59% to RMB 1.93m, reflecting lower interest-bearing debt and financing rates; income tax expense rose to RMB 2.43m from RMB 0.56m.

Outlook and guidance

• Strategy focuses on industrial AI and robotics, green digital transformation, fuel-intelligence solutions, industrial inspection robots, grid-equipment recycling, and low-altitude security applications.

• National policies on AI-enabled manufacturing, energy management, decarbonization, low-altitude economy, and mine robotics were cited as potential demand drivers for future orders.

• Management plans to strengthen mid- to long-term strategy, improve investment oversight, set operating targets for subsidiaries, and pursue turnaround or disposal actions for persistently unprofitable or non-core subsidiaries.