BRIEF: iMotion’s revenue rises 160% this year through April

Smart vehicle technology maker iMotion Automotive Technology (Suzhou) Co. Ltd. (1274.HK) announced on Monday that its revenue for the four months through April surged 162.6% year-on-year to 400 million yuan ($59 million).

During the period, its gross profit rose by an even stronger 571.9% year-on-year to 37.29 million yuan, while its gross margin improved to 9.32% from 3.64%. Its operating loss narrowed 54.7% to 57.78 million yuan, while its net loss narrowed 51.9% to 60.73 million yuan.

The company attributed the revenue growth mainly to mass deliveries of its combined driver-assistance solutions and products for multiple projects involving automakers including Chery, Geely, Dongfeng Motor and Leapmotor. Its product sales volume surged 243.3% year-on-year, with sales of its self-developed iDC series integrated driver-assistance domain controllers and intelligent forward-facing cameras increasing 95.6% and 460.3%, respectively.

The company delivered more than 148,400 sets of combined driver-assistance solutions and products to customers during the four-month period, while securing 23 nomination letters. Those projects are expected to enter mass production in 2026 and 2027.

The company also said it secured nomination projects for the first time from a northern China state-owned OEM, and from customers in Taiwan and other overseas markets. In addition, its subsidiary’s fully self-developed AI Box iRC100P robot recently received an order from a leading domestic robotics company and has already been deployed.

iMotion shares opened higher on Monday and traded at HK$3.95 by the midday break, up 8.52%. The stock is down about 37% so far this year.

By Lee Shih Ta

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