BRIEF: Saimo swings to profit on strong revenue growth in first half of 2025
Intelligent connected vehicle (ICV) simulation testing company Beijing Saimo Technology Co. Ltd. (2571.HK; 300466.SZ) said on Monday it expects to report a net profit of between 200,000 yuan ($27,800) and 800,000 yuan for the first half of the year, reversing a loss of 4.6 million yuan a year earlier.
The company attributed the move to profitability mainly to improved R&D and sales efficiency, which drove strong growth in revenue for its ICV simulation testing software and platforms. The company said it expects to report revenue of 88 million yuan to 92 million yuan for the first half of the year, up 58.4% to 65.6% year-on-year.
Founded in Beijing in 2014, Saimo provides simulation test scenarios, validation and evaluation solutions for ICVs. The company listed in Hong Kong in January, and its stock has fallen 3.8% since then.
Saimo’s stock opened lower on Tuesday and closed at HK$12.78 by the midday break, down 0.08%.
By Lee Shih Ta
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