CHENQI TECH (09680) has published its interim results for the six-month period ended 30 June 2026. The group recorded revenue of RMB 4.035 billion, a substantial increase of 140.7% compared with the corresponding period last year. The loss attributable to equity shareholders of the company narrowed to RMB 68.49 million, a reduction of 45.2% year-on-year, with a loss per share of RMB 0.35.
Although the company remained in a loss-making position during the reporting period, its financial performance and overall financial position have continued to improve. Total revenue climbed from RMB 1.6765 billion in the same period of 2025 to RMB 4.035 billion for the six months ended 30 June 2026. This growth was driven primarily by an increase in ride-hailing transaction value, which in turn was supported by stronger collaboration with third-party mobility service platforms and the company's geographic expansion strategy.
Gross profit rose from RMB 195 million in the first half of 2025 to RMB 500.9 million in the reporting period. This improvement was mainly attributed to the gross profit contribution from the mobility services segment, where revenue growth outpaced the increase in cost of sales, reflecting enhanced operational efficiency driven by economies of scale. The company's total order volume surged from 73.3 million orders in the prior corresponding period to 183.7 million orders, representing an increase of approximately 150.6%. Daily order volume also jumped from 404,900 orders to 1,015,200 orders, up about 150.7% year-on-year.
Looking ahead, under its "Robotaxi+" strategy, the company plans to expand Robotaxi operations to 100 core cities within the next five years, working with partners to build a fleet exceeding 10,000 vehicles. The company also intends to drive a billion-level investment programme to establish a three-tier Robotaxi operations and maintenance network across those 100 core cities, creating the comprehensive capability to provide offline maintenance support for 100,000 Robotaxi vehicles annually.