CIDI (03881) reported a nearly doubled year-on-year mid-term revenue, with large-scale commercialization of unmanned mining trucks and significant orders signed.

CIDI (03881) announced its mid-year results for 2026, with revenue of approximately 804 million yuan, a year-on-year increase of 96.98%. Of this, revenue from autonomous driving sales amounted to 784.5 million yuan, up 107.34% year-on-year; gross profit was approximately 212 million yuan, a year-on-year increase of 204%; and the gross profit margin rose from 17.1% for the six months ending June 30, 2025, to 26.4% for the same period in 2026. The improvement in performance was primarily due to the Group's ongoing enhancements in autonomous driving products and solutions, increased delivery capabilities, and expansion of its customer base and recognition. Physical AI serves as the technological engine, heavy machinery as the physical carrier, and high-risk operations as the application scenario, where these three elements mutually amplify each other's effects to realize value enhancement. CIDI fully advances along three business lines: "Autonomous Driving," "Siasun Robot & Automation Operations," and "Smart Hardware and Services," continuously increasing R&D investment, deepening scene implementation, and accelerating global layout. As of June 30, 2026, the company's intelligent products have been scaled for use in resource extraction and transportation, bulk logistics, major infrastructure, and transportation engineering sectors, with total shipments exceeding 23,000 units; the core autonomous driving business (Transportation Siasun Robot & Automation) has delivered and awaits delivery of over 3,400 units. As of June 30, 2026, the company had filed for a total of 674 patents, with 397 patents granted, further strengthening its technological moat; the companys "Application of Driverless Mixed-Peeling Technology in Complex Scenarios in Mining Areas" was selected as an exemplary case for the 2026 innovation and development of future industries in Hunan Province, and the "CIDI Driverless System" was successfully included in the list of recognized artificial intelligence terminal products in Hunan Province for 2026. The company has been successfully selected among the TOP 50 Chinese Artificial Intelligence Technology Enterprises by Forbes in 2026. As of June 30, 2026, CIDIs driverless mining trucks have accumulated shipments exceeding 1,900 units, covering nearly 40 mines worldwide, with each driverless mining truck having a net weight of between 50 to 150 tons. In the first half of 2026, shipments of driverless mining trucks increased by 213.57% compared to the same period last year. The driverless mining trucks can achieve normalized autonomous transportation operations under multi-mine types, complex working conditions, and all-weather conditions. The operating scenarios include peeling/mining transportation, earth-moving transportation, energy charging/replacing, and crushing station feeding, covering core aspects of mining production. Currently, seven mines have achieved the regular operation of over 100 driverless mining trucks, with the largest single mine operating more than 220 trucks, marking the company's capability to build, deliver, and operate large-scale autonomous transportation systems. In February 2026, CIDI signed a procurement order for 500 driverless mining trucks with Guangna Group. This order was the largest single formal procurement in the global driverless mining truck sector as of June 30, 2026, marking a new milestone for the large-scale commercial deployment of driverless mining trucks. The large-scale commercialization of several key projects is progressing steadily: Tianchi Energy has added nearly 100 driverless mining trucks to the General Gobi No. 2 open-pit coal mine, Guoneng Hongshaquan No. 1 open-pit coal mine has added 100 trucks, and Datang Shengli Dong No. 2 open-pit coal mine has added 140 trucks.