HiRain Technologies' first-half loss widens to 382 million yuan

Earnings
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HiRain Technologies released its 2026 interim report. Operating revenue was 2.62 billion yuan, down 9.8 percent year on year. Net profit attributable to the parent swung from a loss of 86.96 million yuan in the same period last year to a loss of 382 million yuan, with the loss widening further. Net profit attributable to the parent after deducting non-recurring items swung from a loss of 115 million yuan a year earlier to a loss of 396 million yuan, also widening further. Net operating cash flow was negative 657 million yuan, down 119.4 percent year on year. In the second quarter, operating revenue was 1.45 billion yuan, down 8.1 percent year on year. Net profit attributable to the parent was a loss of 205 million yuan, down 719.7 percent year on year. Net profit after deducting non-recurring items was a loss of 220 million yuan, down 1,242.8 percent year on year. As of the end of the second quarter, total assets were 10.38 billion yuan, down 0.5 percent from the end of the previous year. Net assets attributable to the parent were 3.719 billion yuan, down 10.0 percent from the end of the previous year. In the interim report, the company said the overall auto market in the first half of 2026 showed pressure on total volume and structural divergence, with the new energy vehicle market maintaining growth and auto exports continuing to expand at a relatively fast pace.

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