Momenta Reports H1 2026 Gross Profit of 1.173 Billion Yuan, Up 79.4% YoY
IT Home, August 31 — Momenta today released its H1 2026 financial report (January to June 2026) for the 2026 fiscal year (January to December 2026):
- **Total Revenue**: 1.602 billion yuan, up 75.9% year-on-year
- **Gross Profit**: 1.173 billion yuan, up 79.4% year-on-year
- **Gross Margin**: 73.2%, up 1.4 percentage points year-on-year
- **Period Loss**: -16.537 billion yuan, up 871.8% year-on-year
- **Operating Cash Flow**: -381 million yuan
- **Basic Earnings Per Share**: -471.8 yuan
- **Asset-Liability Ratio**: 367%
> ### AI Interpretation > > The revenue and gross profit growth in this financial report met market expectations. The adjusted loss narrowed significantly, and the pace of business expansion exceeded expectations. > > ### Core Business > > Momenta is a leading global provider of autonomous driving solutions. With the mission of "Better AI, Better Life," it builds a world-model base platform and offers mass-production vehicle solutions, autonomous freight vehicle service solutions, and robotaxi service solutions. > > ### H1 2026 Performance Highlights > > Operating revenue reached 1.602 billion yuan, up 75.9% year-on-year, primarily driven by a significant increase in the number of designated mass-production models and cumulative designations. Gross profit reached 1.173 billion yuan, up 79.4% year-on-year, with the gross margin improving to 73.2% as economies of scale continued to manifest. The period loss was 16.537 billion yuan, but the adjusted net loss was 14.097 million yuan, narrowing by 96.6% year-on-year, marking a significant improvement in losses. Net cash used in operating activities was 381 million yuan, narrowing by 46.8% year-on-year, demonstrating effective cash flow management. High-quality growth in the mass-production vehicle business scale: As of the end of the reporting period, the company cumulatively covered 26 OEM customers and 105 mass-production models, with cumulative installations exceeding 1 million units. During the reporting period, approximately 321,000 units were added, up 83.7% year-on-year, firmly ranking first among third-party suppliers in the urban NOA (Navigate on Autopilot) market. The business has expanded to 10 countries and regions. R&D investment remained high: R&D investment reached 1.16 billion yuan during the reporting period, with an R&D expense ratio maintained at 72.6%, providing ample support for technological iteration and new product implementation. > > ### Business Progress > > Autonomous freight vehicles have started small-scale trial operations in Suzhou. The implementation of the mapless solution has improved deployment efficiency and reduced costs. Robotaxis are undergoing testing or operations in 6 cities across 3 countries. Domestically, licenses have been obtained in Shanghai, Suzhou, Wuxi, and Shenzhen. Overseas, testing qualifications have been secured in Abu Dhabi and Germany, making it the first Chinese enterprise to obtain Germany's city-wide L4 testing qualification. The new-generation Moment R7 world model is set to begin deployment in mass-production vehicles in Q3 2026, with performance significantly improved compared to R6, achieving up to a 25-fold safety improvement in certain safety scenarios. > > ### Future Outlook > > Mass-production vehicle business: L3 functions are expected to be installed in mass-production models in 2027, advancing the expansion of overseas mass-production vehicle projects and enhancing global market penetration and influence. Autonomous freight vehicles: Complete the scaled deployment of the first mass-production model in H2 2026, advance to key domestic cities in 2027, and enter core overseas markets. Robotaxi: The first mass-production vehicle will be launched in Q4 2026. By the end of 2026, a total of several hundred robotaxis will be deployed domestically and internationally, with licenses obtained in over 10 cities.
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