Shanghai-listed Zhida Tech released its unaudited interim results for the six months ended 30 June 2026, reporting a sharp widening of losses despite robust growth overseas.

Revenue slipped 13.3% year on year to RMB 340.32 million as intensified price competition in China offset brisk international demand. Gross profit contracted 65.2% to RMB 26.16 million, driving gross margin down to 7.7% from 19.2% a year earlier.

Operating loss ballooned to RMB 109.99 million from RMB 20.95 million, weighed by higher marketing, administrative and R&D spending as well as larger provisions for trade receivables and inventories. Net loss attributable to shareholders surged 288.5% to RMB 116.61 million, translating into a basic and diluted loss per share of RMB 0.39 (H1 2025: RMB 0.11).

Geographically, overseas revenue jumped 73.2% to RMB 100.92 million, lifting its contribution to 29.7% of group sales (H1 2025: 14.8%). Charger shipments in Thailand, Brazil and the UAE climbed 304.3%, 48.5% and 357.2% respectively, together accounting for 82.6% of international turnover. Domestic automaker channel deliveries hit a record 244,000 units, up 119.0%.

Cost of sales remained broadly flat at RMB 314.16 million. Selling and marketing expenses rose 35.5% to RMB 52.82 million, led by advertising spend, while administrative costs increased 36.7% to RMB 43.21 million on higher professional fees. Net impairment losses on financial assets reached RMB 10.28 million versus RMB 3.79 million a year earlier.

Liquidity strengthened: cash and cash equivalents grew 57.7% to RMB 459.76 million, buoyed by a HK$205.78 million (about RMB 178.70 million) share placing completed on 30 June 2026 and net new borrowings of RMB 160.00 million. Borrowings rose 34.0% to RMB 630.34 million. Total equity improved 25.3% to RMB 305.89 million, while the liabilities-to-assets ratio edged down to 76.5% from 78.3% at end-2025.

The board declared no interim dividend.

Management will prioritise accelerating overseas expansion, scaling automatic charging-robot deployment, enriching its AI-driven energy solutions and fully commissioning the new Shenzhen R&D centre in the second half of 2026.