Senmiao Technology Ltd., a provider of automobile transaction and related services, reported its financial results for the fiscal year ending March 31, 2025. The company posted revenues of $3.39 million, a decrease from $4.32 million in the previous year, marking a decline of $930,959. Gross profit also saw a reduction, amounting to $849,803 compared to $924,731 in the prior year, a decrease of $74,928. Operating expenses showed some improvement with selling, general, and administrative expenses dropping by $506,093 to $2.62 million. However, the provision for credit losses increased by $367,453, reaching $2.09 million. Monthly services commissions generated revenues of $145,227, down by approximately 25.9% from $196,099 the previous year, attributed to a decrease in the number of automobiles and drivers served through Partner Platforms. Meanwhile, default revenues increased slightly to $105,025 from $100,763, due to early terminations and contract violations by automobile lessees. Senmiao Technology continues to provide financial leasing services, having initiated this business line in March 2019. The company remains focused on connecting consumers, predominantly ride-hailing drivers, with various online ride-hailing platforms. The outlook for future performance was not detailed in the report.