Shanghai Zhida Technology Development (2650) H1 2026 earnings summary

Executive summary

• H1 2026 revenue fell 13.3% YoY to RMB340.3m; gross profit declined 65.2% to RMB26.2m, while net loss widened to RMB116.6m.

• Strategic priorities included growing overseas sales and commercializing household and public automatic charging robots; overseas revenue reached 29.7% of total.

Financial highlights

• Revenue was RMB340.3m, down 13.3% YoY; product sales were RMB212.1m and service revenue RMB128.2m.

• Gross profit was RMB26.2m, down 65.2% YoY; gross margin fell to 7.7% from 19.2%.

• Operating loss was RMB110.0m versus RMB20.9m; net loss was RMB116.6m versus RMB30.0m.

• Basic and diluted loss per share was RMB0.39, compared with RMB0.11; prior and current EPS reflect the five-for-one H-share subdivision retrospectively.

Outlook and guidance

• H2 2026 priorities: accelerate overseas growth, expand household and Robotaxi robot deployments, upgrade products, and fully open the Shenzhen R&D centre.

• Planned investment priorities include AI energy and robotics photovoltaic-storage-charging solutions; funding expected from internal resources and unused Global Offering and Placing proceeds.

• Management plans to improve cash generation through sales and profitability growth, expense controls, faster receivable collections and tighter payment settlement management.