Autel Technology disclosed an earnings forecast, expecting first-half 2026 operating revenue of 2.64 billion to 2.7 billion yuan, up 12.56% to 15.12% year on year; net profit attributable to the parent of 425 million to 450 million yuan, down 6.34% to 11.54% year on year; and non-GAAP net profit of 420 million to 445 million yuan, down 6.25% to 11.52% year on year. The company said the change in performance was mainly because it continued to focus on AI intelligence, promoting the transformation of products plus AI services. AI and software achieved operating revenue of about 332 million yuan, up about 18% year on year, of which software cloud service revenue was about 319 million yuan, up about 15% year on year, and AI industry application revenue was about 13.18 million yuan, up about 170% year on year. At the same time, foreign exchange losses increased significantly compared with the same period last year, mainly due to fluctuations in the exchange rates of the renminbi and the Vietnamese dong against the US dollar and the euro. Based on the closing price on August 17, Autel Technology currently has a trailing twelve-month price-to-earnings ratio of about 19.87 to 20.43 times, a latest price-to-book ratio of about 5.11 times, and a trailing twelve-month price-to-sales ratio of about 3.49 times.
Autel Intelligent Technology Corp LtdNet profit expected to decline 6.34%-11.54% YoY despite revenue growth, due to FX losses and AI transformation costs.
