UISEE TECH posts H1 net loss of RMB126 million, widening 17.6% year-on-year

Stock News
Aug 27

UISEE TECH (01511) has released its interim results for the six months ended June 30, 2026. The group recorded revenue of RMB163 million, representing a year-on-year increase of 64.9%, while gross profit climbed 54.6% to RMB85.99 million.

The loss attributable to shareholders of the parent company stood at RMB126 million, widening 17.58% compared with the prior-year period, with a basic loss per share of RMB0.83.

During the first half of 2026, the group achieved unmanned operations for more than 100 vehicles for a single airport client in mainland China, and also officially launched driverless operations at Singapore's Changi Airport. For the second half of the year, the group anticipates benefiting from a strong project pipeline at Hong Kong International Airport and multiple airports across mainland China.

Looking ahead, the group will actively participate in certification under relevant civil aviation standards, drive upgrades to its existing vehicle models, and explore new business models such as finance leasing and AI-driver subscription services, all aimed at further enhancing market penetration.

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