Yushi Tech Reports H1 Revenue of RMB 163 Million, Up 64.9% YoY

On August 27, 2026, UISEE Technology (HKEX: 1511) released its first interim results announcement since listing. The announcement showed that the company generated revenue of RMB 163 million in the first half of 2026, an increase of 64.9% year-over-year; gross profit reached RMB 85.99 million, up 54.6% year-over-year, with a gross margin of 52.9%. Meanwhile, the loss attributable to owners of the parent amounted to approximately RMB 126 million, widening by 17.6% compared to the same period last year. By business segment, revenue from autonomous driving vehicle solutions totaled RMB 74.55 million in the first half, up 29.9% year-over-year; revenue from autonomous driving software solutions reached RMB 62.36 million, increasing by 56.1% year-over-year; and revenue from autonomous driving kit solutions stood at RMB 25.12 million, accounting for 15.4% of total revenue, with shipment volume surging more than sixfold year-over-year. In terms of expenses, R&D expenditure amounted to approximately RMB 117 million, up 20.1% year-over-year, while the R&D expense ratio decreased from 98.9% in the same period last year to 72.0%. The sales expense ratio declined from 43.0% to 29.9%, and the administrative expense ratio fell from 31.4% to 26.2%. As of the reporting date, the company had accumulated over 10.2 million kilometers of fully driverless operational mileage, deployed more than 1,400 L4 autonomous vehicles and kits, and served 249 customers across six countries and regions. Among these, airport scenarios accounted for over 6 million kilometers of cumulative operational mileage, including more than 4 million kilometers at Hong Kong International Airport and 1.6 million kilometers at Urumqi Tianshan International Airport. According to Frost & Sullivan data, based on 2025 revenue, the company held a 90.5% market share in the L4 commercial vehicle autonomous driving segment within Greater China’s airport applications. Regarding overseas operations, the company’s international revenue grew by 43.5% year-over-year in the first half. Its driverless tractors have commenced airside operations at Singapore Changi Airport, and projects in the Middle East and Europe are progressing steadily.