CIDI-NEW (03881) saw its stock price surge over 10% during trading hours, and as of the time of writing, the share price rose 2.25% to 21.82 Hong Kong dollars, with a turnover of 22.26 million Hong Kong dollars.

CIDI-NEW released its first interim financial report since listing. On the revenue side, the company achieved operating income of 804 million yuan in the first half of the year, a year-on-year increase of 97%, nearly doubling. The main growth driver was its core autonomous driving business, which contributed 784 million yuan in revenue during the period, up 107.3% year-on-year, representing 97.6% of total revenue.

The company also achieved a qualitative leap in profitability. In the first half of the year, the company's gross margin rose from 17.1% in the same period last year to 26.4%. The adjusted net loss narrowed to 19.68 million yuan, a year-on-year narrowing of 82%, and the adjusted net profit margin significantly improved from -27.2% in the same period last year to -2.4%.

As of the first half of 2026, CIDI-NEW's cumulative shipments of smart products reached 23,000 units. Among them, the autonomous driving segment has delivered and is pending delivery of over 3,400 vehicles, serving as the main growth driver. The operational robots, smart hardware, and services segments are also gaining momentum simultaneously. The company's operational robot business achieved a milestone breakthrough from zero to one, with segment revenue reaching 3.082 million yuan during the period. Among these, 34 excavation robots were shipped, the open-pit mining charging robot has been rolled off the production line, the smelting ladle-carrying robot has been put into use, and the underground mining tunnel boring robot has completed design, research, and manufacturing.