SAIMO (02571) announced a profit for the first half of the year with an expected net profit of 200,000 to 800,000 yuan compared to a loss in the same period last year.

SAIMO (02571) announces that it is expected that (i) the Group will achieve revenue of approximately RMB 88 million to RMB 92 million in the first six months of 2025, an increase of approximately 58.4% to 65.6% compared to the same period in 2024; (ii) the Group will achieve a net profit of approximately RMB 200,000 to RMB 800,000 in the first six months of 2025, turning from a net loss of RMB 4.6 million in the first six months of the year ended June 30, 2024 to a profit. The increase is mainly attributed to the significant growth in revenue driven by improved R&D and sales efficiency for ICV simulation testing software and platforms.