IAT Automobile released its 2026 half-year report, with first-half revenue of 625 million yuan, up 19.6 percent year on year. Net profit attributable to the parent company swung to a profit of 26.18 million yuan, compared with a loss of 58.2 million yuan in the same period last year. Second-quarter revenue was 375 million yuan, up 47.8 percent year on year, with net profit attributable to the parent at 11.21 million yuan, versus a loss of 70.59 million yuan a year earlier. As of the end of the second quarter, total assets stood at 2.965 billion yuan, down 5.9 percent from the end of last year, while net assets attributable to the parent were 2.057 billion yuan, up 1.2 percent. The company continued to advance technology iteration and market expansion in the new energy vehicle sector, strengthened overseas deployment in emerging markets such as Southeast Asia and North Africa, and saw a significant increase in overseas revenue. The application of artificial intelligence technology also improved research and development efficiency.
Iat Automobile Technology Co LtdTurned profitable with net profit of 26.18 million yuan, beating prior-year loss.
