Qianli Tech Reports H1 Revenue of RMB 5.12B, Smart Driving Business Spans 16 Models, Net Profit Surges 151%

On August 24, Qianli Technology released its unaudited interim report for the first half of 2026. The report shows that the company achieved revenue of RMB 5.12 billion in the first half of the year, an increase of 22.36% year-over-year. Net profit attributable to shareholders of the listed company amounted to RMB 780 million, up 151.25% year-over-year, while net profit attributable to shareholders after excluding non-recurring gains and losses stood at RMB 560 million. Revenue from its intelligent driver-assistance systems (IDAS) business reached RMB 1.235 billion, accounting for 24.3% of total core business revenue. IDAS features are now available across 16 vehicle models, with a user activation rate of 93%. The gross margin of the company’s passenger vehicle business improved significantly, rising from 3.3% in the same period last year to 12.7%. Total R&D expenses in the first half amounted to RMB 1.12 billion, of which RMB 837 million was allocated to intelligent driver-assistance systems development. As of the end of the reporting period, cumulative installations of Qianli’s ASD (Autonomous Smart Driving) system surpassed 530,000 units, covering 19 models from brands including Zeekr, Lynk & Co, Galaxy, and smart, with an ASD activation rate of 93.8%. The ASD 4.0 version has been fully rolled out, and a preview of ASD 4.1 was unveiled during the 2026 World Artificial Intelligence Conference. The company plans to launch ASD 5.0 by the end of 2026.