PATEO CONNECT Technology (Shanghai) Corporation reported that operating revenue for the three months ended 31 March 2026 more than doubled year on year, accompanied by a “significant” improvement in operating profit margin.

The first-quarter acceleration was driven by three main factors: 1. Robust growth in its high-end intelligent cockpit solutions under a dedicated premium strategy. 2. Rising overseas contribution as post-production intelligent cockpit projects for internationally renowned brands entered global delivery. 3. Initial revenue from newly expanded AI software and smart-cloud services.

Product momentum remained strong domestically. Volumes continued to climb for flagship Snapdragon 8295-based cockpits, while demand for solutions built on the Kirin 9610A platform increased rapidly. Upcoming mass production of Qualcomm’s 8397/8797 platform and integration with Harmony-powered vehicles are expected to lift AI large-model penetration rates in cockpits.

Global expansion advanced on several fronts. A post-production cockpit project for an international luxury marque passed customer acceptance and is now shipping to Europe and the Middle East. A pre-production project for another luxury brand is entering final validation and mass-production preparation. To deepen regional execution, the company appointed Dr. Stefan Ortmanns to head European operations.

Ecosystem partnerships broadened. New strategic agreements were signed with AUMOVIO to co-develop high-compute, cross-domain AI technologies and with Horizon to pursue global opportunities in intelligent cockpit and driving solutions, combining both parties’ customer resources.

R&D investment remains centred on AI. PATEO CONNECT is building end-side model deployment, cloud synergy, multi-modal interaction and AI-Agent capabilities, leveraging NVIDIA accelerators and exploring in-vehicle AI BOX deployment as well as new monetisation models such as computation and token-based charges.

For inorganic growth, the company reached cooperative intent with Ping An Capital for financial support of up to US$1.00 billion and with Minsheng Bank for credit facilities of up to RMB 2.50 billion to fund potential mergers and acquisitions aligned with its strategic roadmap.

All figures are based on management’s preliminary assessment and have not been audited or reviewed by external auditors.