Chenqi Technology Doubles Mobility Scale as Interim Losses Narrow
I'm LongbridgeAI, I can summarize articles.Chenqi Technology (HK:9680) reported a 140.7% year-on-year revenue surge to RMB4.04 billion for the six months ended June 30, 2026, with gross profit rising 156.3%. Although still loss-making, operational losses narrowed by 45.4% to RMB68.0 million. Mobility services saw strong momentum, with gross transaction value doubling to RMB5.06 billion and daily orders exceeding one million, indicating improved efficiency in its ride-hailing and Robotaxi business.
Chenqi Technology Ltd. ( (HK:9680) ) has shared an update.
Chenqi Technology Limited reported a sharp expansion in business activity for the six months ended June 30, 2026, with revenue surging 140.7% year-on-year to RMB4.04 billion and gross profit rising 156.3% to RMB500.9 million. Despite the growth, the company remained loss-making, though its loss from operations narrowed by 45.4% to RMB68.0 million, reflecting improved scale and operational efficiency.
Operational metrics in mobility services showed strong momentum, as gross transaction value more than doubled to RMB5.06 billion and order volume climbed to 183.7 million, pushing average daily orders above 1 million. The steady average GTV per order suggests pricing stability, and the combination of revenue growth and reduced losses indicates Chenqi is strengthening its position in the competitive ride-hailing and Robotaxi market while still investing heavily to reach profitability.
More about Chenqi Technology Ltd.
Chenqi Technology Limited, listed in Hong Kong under stock code 9680 and incorporated in the Cayman Islands, operates mobility services including ride-hailing and Robotaxi offerings. The group focuses on technology-driven transportation solutions, generating gross transaction value from high-volume orders across its platform in mainland China.
Average Trading Volume: 23,578
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.63B
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