{"success":true,"data":{"pressRelease":{"id":"118135","rtpr_id":"nPNA3qzy5a","ticker":"3881","exchange":"HKEX","all_tickers":["3881"],"title":"CiDi Reports 97% Revenue Growth in First Interim Results Since Listing, with Robotics Business Achieving Initial Commercial Revenue","author":"PR Newswire","published_at":"2026-08-13T12:07:33.282Z","article_body":"CiDi Reports 97% Revenue Growth in First Interim Results Since Listing, with\nRobotics Business Achieving Initial Commercial Revenue\nPR Newswire\n\nHONG KONG, Aug. 13, 2026\n\nTotal revenue grew by 97% yoy, and gross profit up 204% as adjusted net loss\nnarrows 82%, bringing the company closer to breakeven\n\nHONG KONG, Aug. 13, 2026 /PRNewswire/ -- CiDi (03881.HK) , a pioneer in\nHeavy-Duty Embodied AI, unveiled its 2026 interim performance report today.\nThis marks the company's first half-year financial disclosure following its\nmain board listing on the Hong Kong Stock Exchange. In the first half of 2026,\nCiDi continued its evolution from autonomous driving into heavy-duty embodied\nintelligence, entering a new phase of scaled commercialization, delivering a\ntotal revenue growth rate of 97% and a gross profit increase of 204%.\n\n\nRevenue records an increase of 97% as profitability improves and cash position\nstrengthens\n\nFor the six months ended June 30, 2026, CiDi recorded total revenue of RMB 804\nmillion, representing year on year growth of 97.0%. Revenue from Autonomous\nDriving increased 107.3% year on year to RMB 784 million, accounting for 97.6%\nof total revenue.\n\n\nProfitability improved alongside the strong revenue growth. Gross profit\nincreased 204% year on year to RMB 212 million, while gross margin rose by 9.3\npercentage points, from 17.1% in the prior-year period to 26.4%. Adjusted net\nloss narrowed by 82% year on year to approximately RMB 19.68 million, and\nadjusted net margin improved from -27.2% to -2.4%, bringing the company closer\nto break-even.\n\nCiDi also significantly strengthened its liquidity position. Cash and cash\nequivalents reached RMB 1.214 billion during the reporting period, compared\nwith RMB 186 million in the prior-year period, an increase of RMB 1.028\nbillion, or 551.7% year on year. The strong cash buffer provides robust\nfinancial backing to scale existing product lines, iterate core technology and\nexpand its global market footprints.\n\nCiDi operates an asset-light business model focused on product sales and\ntechnology enablement. The company sells autonomous mining trucks and\ndispatching systems directly to end-user mine operators without owning\noperating assets or participating in mine operations, allowing it to\nconcentrate resources on its core heavy-duty embodied intelligence technology\nplatform and convert scale more directly into gross profit.\n\n\"Our heavy-duty embodied AI business is moving from scaled deployment to value\nrealization. Building on our proprietary core technology platform, we have\nextended our intelligent capabilities from autonomous driving to operational\nrobotics, marking an important shift from a single-product offering to a\ncoordinated multi-product portfolio. We believe this will provide a new\nfoundation for our next phase of growth,\" said Dr. Albert Hu, CEO of CiDi.\n\nMetaMine thrives in over 40 mines with total deployment of 1900 units and Task\nRobotics monetizes initial revenue\n\nAs of the close of H1 2026, cumulative shipments of CiDi's intelligent\nproducts had reached 23,000 units. Its autonomous driving segment recorded\nover 3,400 delivered and pending vehicles, acting as the primary revenue\ndriver, while industrial robots, smart hardware and related services emerged\nas fast-growing secondary growth pillars to form a diversified revenue\nframework.\n\nAutonomous driving remained CiDi's solid core business, with its autonomous\nmining truck division securing a top-tier global market position. Autonomous\nlogistics haulage for cross-border freight, terminal transfer and bulk\nmaterial short-distance transportation also delivered landmark commercial\nbreakthroughs.\n\nCiDi continued to upgrade MetaMine, its fully autonomous, system-level\nsolution for mining operations. By the end of the reporting period, cumulative\nshipments of autonomous mining trucks had exceeded 1,900 units, an increase of\n 213.57% compared to the same period last year. The solution had been\ndeployed at nearly 40 mines worldwide, delivering stable round-the-clock\nunmanned haulage operations across diverse mine types and complex working\nconditions, covering all core workflows: overburden stripping, coal loading &\nhauling, waste dump transportation, charging/swapping energy replenishment and\ncrusher feeding.\n\nSeven mines are now operating fleets of more than 100 autonomous mining trucks\non a routine basis, with the largest single-mine deployment exceeding 220\nvehicles. In February 2026, CiDi signed an order with Guangna Group for 500\nautonomous mining trucks, which, as of the end of June, represented the\nworld's largest single formal procurement order in the autonomous mining truck\nsector.\n\nThe Autonomous Logistics Truck business also expanded. During the first half,\nCiDi secured domestic and overseas bulk short-haul orders for more than 400\nvehicles, with partial batches already delivered for commercial trials. The\ncompany's logistics trucks have achieved stable routine operations in\nbenchmark projects including the China–Vietnam cross-border logistics\ncorridor and Chengdu International Railway Port.\n\nCiDi's Task Robotics portfolio, built on the same underlying technology\nplatform as its autonomous driving business, achieved its first commercial\nrevenue during H1 2026, generating RMB 3.082 million. The company shipped 34\nroboexcavator units; its open-pit explosives‑charging robot rolled off the\nproduction line; its metallurgical ladle robot entered operation; and an\nunderground mining and tunnelling robot completed design, development and\nmanufacturing. CiDi is also pursuing an open-ecosystem strategy focused on the\nembodied intelligence \"brain\", working with quadruped and humanoid robot\nmanufacturers to develop a broader range of mining robots, including\ninspection robots and underground humanoid robots.\n\nThe intelligent hardware and services business also recorded progress across\nmultiple product lines. V2X product shipments exceeded 2,000 units during the\nreporting period. CiDi launched a V2P intelligent hardware product and a \"V2X\n+ open-pit mine\" safety solution. Its SIL4-grade autonomous train perception\nsystem has been deployed in nine provinces and municipalities across China.\nNew orders for the company's Guardian solution commercial-vehicle safety\nsolution exceeded 10,000 units, with business coverage spanning more than 20\nprovinces, over 100 transportation companies and multiple commercial-vehicle\ncategories.\n\nCore Technology Platform Supports Scale and International Expansion\n\nCiDi's ability to deploy products at scale is underpinned by its proprietary\nheavy-duty embodied AI technology platform.\n\nThe platform integrates a unified data engine, a heavy-duty world model, and a\nfleet-level collaborative decision-making and dispatching system, creating a\nclosed technology loop that can be reused across a range of heavy-duty\noperating scenarios.\n\nBy the end of the reporting period, the platform had supported more than 2,000\nintelligent machines in commercial operations for a cumulative period of more\nthan 1,300 days, while maintaining a record of zero safety accidents. This\ndeployment base supports a continuous cycle of scaled deployment, data\naccumulation, model iteration and performance improvement.\n\nLooking ahead, CiDi plans to continue investing in physical AI technology and\nits commercialization in China and overseas, using a unified technology\nplatform and diversified product portfolio to advance heavy equipment from\nconventional operating tools toward autonomous intelligent agents. In mining,\nthe company intends to accelerate scaled deployment of specialized robots for\nexcavation, drilling and charging. CiDi also plans to extend its robotics\nportfolio into logistics, large-scale infrastructure and transport\nengineering, while expanding autonomous heavy-duty truck applications from\nclosed environments toward broader use cases such as trunk-line logistics.\n\nInternationally, CiDi plans to prioritize markets including Australia, Brazil\nand Indonesia, followed by Africa, Central Asia and the Middle East, enabling\nintelligent‑mining upgrades and low‑carbon transformation for mine\noperators globally.\n\nAbout CiDi\n\nwww.cidi.ai\n\nFounded in 2017, CiDi (03881.HK) is a global pioneer in Heavy-Duty Embodied\nAI, building on its established capabilities in autonomous driving, robotics,\nand intelligent mobility technologies for heavy-duty industrial applications.\nCiDi operates across three business lines: Autonomous Driving, especially\nautonomous mining trucks and autonomous logistics trucks; Task Robots for\nexcavation, rock drilling, explosive charging and other heavy-equipment\noperations; and the Intelligent Hardware and Services, including\nautomotive-grade perception and V2X products and solutions for resource\nextraction and transport, bulk logistics, large-scale infrastructure and\ntransportation engineering. The company was named to the Forbes China 2026 AI\nTech Enterprises Top 50 and the Fortune China 2025 Top 50 Tech Companies.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/cidi-reports-97-revenue-growth-in-first-interim-results-since-listing-with-robotics-business-achieving-initial-commercial-revenue-302850841.html\n\nSOURCE CiDi\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1969190/20260813062626EDT_image_2.jpg?id=OA2881376\nhttps://mmx.prnewswire.com/media/MS1969191/20260813062626EDT_image_1.jpg?id=OA2881377\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPNA3qzy5a","title":"CiDi Reports 97% Revenue Growth in First Interim Results Since Listing, with Robotics Business Achieving Initial Commercial Revenue","author":"PR Newswire","ticker":"3881","created":"2026-08-13T12:07:33.282Z","tickers":["3881"],"exchange":"HKEX","article_body":"CiDi Reports 97% Revenue Growth in First Interim Results Since Listing, with\nRobotics Business Achieving Initial Commercial Revenue\nPR Newswire\n\nHONG KONG, Aug. 13, 2026\n\nTotal revenue grew by 97% yoy, and gross profit up 204% as adjusted net loss\nnarrows 82%, bringing the company closer to breakeven\n\nHONG KONG, Aug. 13, 2026 /PRNewswire/ -- CiDi (03881.HK) , a pioneer in\nHeavy-Duty Embodied AI, unveiled its 2026 interim performance report today.\nThis marks the company's first half-year financial disclosure following its\nmain board listing on the Hong Kong Stock Exchange. In the first half of 2026,\nCiDi continued its evolution from autonomous driving into heavy-duty embodied\nintelligence, entering a new phase of scaled commercialization, delivering a\ntotal revenue growth rate of 97% and a gross profit increase of 204%.\n\n\nRevenue records an increase of 97% as profitability improves and cash position\nstrengthens\n\nFor the six months ended June 30, 2026, CiDi recorded total revenue of RMB 804\nmillion, representing year on year growth of 97.0%. Revenue from Autonomous\nDriving increased 107.3% year on year to RMB 784 million, accounting for 97.6%\nof total revenue.\n\n\nProfitability improved alongside the strong revenue growth. Gross profit\nincreased 204% year on year to RMB 212 million, while gross margin rose by 9.3\npercentage points, from 17.1% in the prior-year period to 26.4%. Adjusted net\nloss narrowed by 82% year on year to approximately RMB 19.68 million, and\nadjusted net margin improved from -27.2% to -2.4%, bringing the company closer\nto break-even.\n\nCiDi also significantly strengthened its liquidity position. Cash and cash\nequivalents reached RMB 1.214 billion during the reporting period, compared\nwith RMB 186 million in the prior-year period, an increase of RMB 1.028\nbillion, or 551.7% year on year. The strong cash buffer provides robust\nfinancial backing to scale existing product lines, iterate core technology and\nexpand its global market footprints.\n\nCiDi operates an asset-light business model focused on product sales and\ntechnology enablement. The company sells autonomous mining trucks and\ndispatching systems directly to end-user mine operators without owning\noperating assets or participating in mine operations, allowing it to\nconcentrate resources on its core heavy-duty embodied intelligence technology\nplatform and convert scale more directly into gross profit.\n\n\"Our heavy-duty embodied AI business is moving from scaled deployment to value\nrealization. Building on our proprietary core technology platform, we have\nextended our intelligent capabilities from autonomous driving to operational\nrobotics, marking an important shift from a single-product offering to a\ncoordinated multi-product portfolio. We believe this will provide a new\nfoundation for our next phase of growth,\" said Dr. Albert Hu, CEO of CiDi.\n\nMetaMine thrives in over 40 mines with total deployment of 1900 units and Task\nRobotics monetizes initial revenue\n\nAs of the close of H1 2026, cumulative shipments of CiDi's intelligent\nproducts had reached 23,000 units. Its autonomous driving segment recorded\nover 3,400 delivered and pending vehicles, acting as the primary revenue\ndriver, while industrial robots, smart hardware and related services emerged\nas fast-growing secondary growth pillars to form a diversified revenue\nframework.\n\nAutonomous driving remained CiDi's solid core business, with its autonomous\nmining truck division securing a top-tier global market position. Autonomous\nlogistics haulage for cross-border freight, terminal transfer and bulk\nmaterial short-distance transportation also delivered landmark commercial\nbreakthroughs.\n\nCiDi continued to upgrade MetaMine, its fully autonomous, system-level\nsolution for mining operations. By the end of the reporting period, cumulative\nshipments of autonomous mining trucks had exceeded 1,900 units, an increase of\n 213.57% compared to the same period last year. The solution had been\ndeployed at nearly 40 mines worldwide, delivering stable round-the-clock\nunmanned haulage operations across diverse mine types and complex working\nconditions, covering all core workflows: overburden stripping, coal loading &\nhauling, waste dump transportation, charging/swapping energy replenishment and\ncrusher feeding.\n\nSeven mines are now operating fleets of more than 100 autonomous mining trucks\non a routine basis, with the largest single-mine deployment exceeding 220\nvehicles. In February 2026, CiDi signed an order with Guangna Group for 500\nautonomous mining trucks, which, as of the end of June, represented the\nworld's largest single formal procurement order in the autonomous mining truck\nsector.\n\nThe Autonomous Logistics Truck business also expanded. During the first half,\nCiDi secured domestic and overseas bulk short-haul orders for more than 400\nvehicles, with partial batches already delivered for commercial trials. The\ncompany's logistics trucks have achieved stable routine operations in\nbenchmark projects including the China–Vietnam cross-border logistics\ncorridor and Chengdu International Railway Port.\n\nCiDi's Task Robotics portfolio, built on the same underlying technology\nplatform as its autonomous driving business, achieved its first commercial\nrevenue during H1 2026, generating RMB 3.082 million. The company shipped 34\nroboexcavator units; its open-pit explosives‑charging robot rolled off the\nproduction line; its metallurgical ladle robot entered operation; and an\nunderground mining and tunnelling robot completed design, development and\nmanufacturing. CiDi is also pursuing an open-ecosystem strategy focused on the\nembodied intelligence \"brain\", working with quadruped and humanoid robot\nmanufacturers to develop a broader range of mining robots, including\ninspection robots and underground humanoid robots.\n\nThe intelligent hardware and services business also recorded progress across\nmultiple product lines. V2X product shipments exceeded 2,000 units during the\nreporting period. CiDi launched a V2P intelligent hardware product and a \"V2X\n+ open-pit mine\" safety solution. Its SIL4-grade autonomous train perception\nsystem has been deployed in nine provinces and municipalities across China.\nNew orders for the company's Guardian solution commercial-vehicle safety\nsolution exceeded 10,000 units, with business coverage spanning more than 20\nprovinces, over 100 transportation companies and multiple commercial-vehicle\ncategories.\n\nCore Technology Platform Supports Scale and International Expansion\n\nCiDi's ability to deploy products at scale is underpinned by its proprietary\nheavy-duty embodied AI technology platform.\n\nThe platform integrates a unified data engine, a heavy-duty world model, and a\nfleet-level collaborative decision-making and dispatching system, creating a\nclosed technology loop that can be reused across a range of heavy-duty\noperating scenarios.\n\nBy the end of the reporting period, the platform had supported more than 2,000\nintelligent machines in commercial operations for a cumulative period of more\nthan 1,300 days, while maintaining a record of zero safety accidents. This\ndeployment base supports a continuous cycle of scaled deployment, data\naccumulation, model iteration and performance improvement.\n\nLooking ahead, CiDi plans to continue investing in physical AI technology and\nits commercialization in China and overseas, using a unified technology\nplatform and diversified product portfolio to advance heavy equipment from\nconventional operating tools toward autonomous intelligent agents. In mining,\nthe company intends to accelerate scaled deployment of specialized robots for\nexcavation, drilling and charging. CiDi also plans to extend its robotics\nportfolio into logistics, large-scale infrastructure and transport\nengineering, while expanding autonomous heavy-duty truck applications from\nclosed environments toward broader use cases such as trunk-line logistics.\n\nInternationally, CiDi plans to prioritize markets including Australia, Brazil\nand Indonesia, followed by Africa, Central Asia and the Middle East, enabling\nintelligent‑mining upgrades and low‑carbon transformation for mine\noperators globally.\n\nAbout CiDi\n\nwww.cidi.ai\n\nFounded in 2017, CiDi (03881.HK) is a global pioneer in Heavy-Duty Embodied\nAI, building on its established capabilities in autonomous driving, robotics,\nand intelligent mobility technologies for heavy-duty industrial applications.\nCiDi operates across three business lines: Autonomous Driving, especially\nautonomous mining trucks and autonomous logistics trucks; Task Robots for\nexcavation, rock drilling, explosive charging and other heavy-equipment\noperations; and the Intelligent Hardware and Services, including\nautomotive-grade perception and V2X products and solutions for resource\nextraction and transport, bulk logistics, large-scale infrastructure and\ntransportation engineering. The company was named to the Forbes China 2026 AI\nTech Enterprises Top 50 and the Fortune China 2025 Top 50 Tech Companies.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/cidi-reports-97-revenue-growth-in-first-interim-results-since-listing-with-robotics-business-achieving-initial-commercial-revenue-302850841.html\n\nSOURCE CiDi\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1969190/20260813062626EDT_image_2.jpg?id=OA2881376\nhttps://mmx.prnewswire.com/media/MS1969191/20260813062626EDT_image_1.jpg?id=OA2881377\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-13T12:07:33.340077609Z","server_sent_at_ms":1786622853340},"received_at":"2026-08-13T12:07:33.406Z","source_url":null},"analysis":{"id":"107126","press_release_id":"118135","analysis_json":{"industry":{"label":"Industrial Machinery","sector":"Industrials"},"redFlags":[],"eventType":"earnings","narrative":"CiDi reported its first interim results since listing, showing H1 2026 revenue of RMB 804 million, up 97% year-over-year, alongside a 204% surge in gross profit to RMB 212 million.\n\nThe company's adjusted net loss narrowed by 82% to RMB 19.68 million, bringing the adjusted net margin to -2.4%, while cash and cash equivalents soared 551.7% to RMB 1.214 billion.\n\nOperationally, cumulative intelligent product shipments reached 23,000 units, with its MetaMine autonomous mining trucks deployed in nearly 40 mines and the robotics segment generating initial commercial revenue of RMB 3.08 million.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Post-IPO debut shows 97% revenue growth and rapid path to profitability fueled by heavy-duty AI expansion."},"keyFigures":{"revenue":804000000,"revenueYoy":"97%","customDimensions":{"gross_margin":"26.4%","gross_profit":212000000,"robotics_revenue":3082000,"adjusted_net_loss":19680000,"cash_and_cash_equivalents":1214000000,"metaMine_trucks_cumulative":1900,"intelligent_products_cumulative":23000}},"quotedText":"Our heavy-duty embodied AI business is moving from scaled deployment to value realization.","namedEntities":{"people":[{"name":"Dr. Albert Hu","role":"CEO"}],"products":["MetaMine","Task Robotics","V2P intelligent hardware","Guardian solution","SIL4-grade autonomous train perception system"],"companies":[{"name":"CiDi","ticker":"03881.HK"},{"name":"Guangna Group"}],"dollarAmounts":[{"amount":"RMB 804 million","context":"H1 2026 total revenue"},{"amount":"RMB 212 million","context":"H1 2026 gross profit"},{"amount":"RMB 19.68 million","context":"H1 2026 adjusted net loss"},{"amount":"RMB 1.214 billion","context":"cash and cash equivalents"},{"amount":"RMB 3.082 million","context":"H1 2026 Task Robotics revenue"}]},"materialImpact":{"score":4,"reasoning":"First interim report since listing reveals explosive top-line growth (97%) and gross profit expansion (204%), with the company rapidly approaching breakeven and holding a robust cash balance."},"tickerRelevance":{"others":[],"primary":"3881"},"globalImportance":30,"audienceRelevance":15,"eventTypeSecondary":["product_launch","operations_update"],"importanceComponents":{"geography":"HK","tickerTier":"small-mid-cap","eventGravity":"first-earnings-since-listing","sectorWeight":"industrials"}},"event_type":"earnings","event_type_secondary":["product_launch","operations_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"CiDi reported its first interim results since listing, showing H1 2026 revenue of RMB 804 million, up 97% year-over-year, alongside a 204% surge in gross profit to RMB 212 million.\n\nThe company's adjusted net loss narrowed by 82% to RMB 19.68 million, bringing the adjusted net margin to -2.4%, while cash and cash equivalents soared 551.7% to RMB 1.214 billion.\n\nOperationally, cumulative intelligent product shipments reached 23,000 units, with its MetaMine autonomous mining trucks deployed in nearly 40 mines and the robotics segment generating initial commercial revenue of RMB 3.08 million.","key_figures":{"revenue":804000000,"revenueYoy":"97%","customDimensions":{"gross_margin":"26.4%","gross_profit":212000000,"robotics_revenue":3082000,"adjusted_net_loss":19680000,"cash_and_cash_equivalents":1214000000,"metaMine_trucks_cumulative":1900,"intelligent_products_cumulative":23000}},"named_entities":{"people":[{"name":"Dr. Albert Hu","role":"CEO"}],"products":["MetaMine","Task Robotics","V2P intelligent hardware","Guardian solution","SIL4-grade autonomous train perception system"],"companies":[{"name":"CiDi","ticker":"03881.HK"},{"name":"Guangna Group"}],"dollarAmounts":[{"amount":"RMB 804 million","context":"H1 2026 total revenue"},{"amount":"RMB 212 million","context":"H1 2026 gross profit"},{"amount":"RMB 19.68 million","context":"H1 2026 adjusted net loss"},{"amount":"RMB 1.214 billion","context":"cash and cash equivalents"},{"amount":"RMB 3.082 million","context":"H1 2026 Task Robotics revenue"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-13T16:20:13.530Z","global_importance":30,"audience_relevance":15,"importance_components":{"geography":"HK","tickerTier":"small-mid-cap","eventGravity":"first-earnings-since-listing","sectorWeight":"industrials"}},"durationMs":293343,"modelName":"glm-4.7"}}