SAIMO (02571) issues a profit warning, expecting a net loss of approximately 47 million to 51 million yuan for the interim period, a shift from profit to loss compared to the same period last year.

SAIMO (02571) announced that the Group expects to record revenue of approximately RMB 72 million to RMB 75 million in the first six months of 2026, representing a decrease of about 17.5% to 20.8% compared to the same period in 2025; the Group expects to report a net loss of approximately RMB 47 million to RMB 51 million in the first six months of 2026, a shift from a net profit of RMB 390,000 for the six months ended June 30, 2025. The expected shift from profit to loss is mainly attributed to the combined effects of the following factors: (i) the Group is actively implementing a strategic transformation from a simulation testing service provider to a leading enterprise in the field of physical AI, relying on its long-term foundational strengths in methodologies, technological systems, laboratory facilities, and customer resources accumulated in autonomous driving testing and validation, while continuously increasing R&D investment in Siasun Robot & Automation's simulation training, physical artificial intelligence world models, and other cutting-edge technology fields. This investment has led to a significant increase in experimental costs as well as related equipment depreciation and amortization expenses, but it is a strategic arrangement made by the Group to build long-term competitive barriers, which is expected to support the subsequent commercialization of products and the expansion of the business ecosystem; and (ii) intensified industry competition and changes in the technological solutions adopted by customers have put pressure on the revenue and gross margin of certain existing products of the Group.