SAIMO (02571) has issued a profit warning, projecting a net loss of approximately 47 million to 51 million yuan for the first six months of 2026, compared to a net profit of 390,000 yuan in the same period last year.

The company expects revenue for the period to be around 72 million to 75 million yuan, down roughly 17.5% to 20.8% from the prior year. The shift from profit to loss stems from two main factors. First, SAIMO is actively transitioning from a simulation testing services provider to a leader in physical AI, significantly increasing R&D investment in areas such as robot simulation training and physical AI world models. This strategic build-up has driven up experimental costs and depreciation expenses, though the company views these as essential for building long-term competitive barriers and supporting future commercial product launches. Second, intensified industry competition and changes in client technology adoption have pressured revenue and gross margins from some existing products.