Key Highlights

• AIHS shares rose 7.14% pre-market to $1.50.

• Fiscal 2026 revenue fell 18.5% year over year to $1.546 million.

• Net loss widened to $5.270 million from $3.725 million in the prior year.

• Loss per share was $1.97, narrower than the prior year's $3.54 on a per-share basis.

• The company operates 470 auto operating leases with approximately 88% fleet utilization.

Fiscal Year Results Show Revenue Decline

Senmiao Technology Limited (NASDAQ:AIHS) shares gained in pre-market trading despite reporting a decline in fiscal 2026 revenue. The Chengdu, China-based holding company engages in automobile transaction and related services, with a focus on the online ride-hailing industry through its two business segments.

Revenue for the year ended March 31, 2026 totaled $1.546 million, down from $1.896 million in the prior fiscal year, a decline the company attributed to lower operating lease volumes and reduced average monthly rents. Auto operating leases remain the primary revenue source, accounting for approximately 87% of total revenue.

Net Loss Widens Despite Improved Per-Share Figure

Net loss attributable to company stockholders widened to $5.270 million from $3.725 million in the prior year, though loss per share narrowed to $1.97 from $3.54 due to a higher share count. Gross margin compressed materially compared with the prior year despite the company managing a fleet of 470 operating leases and 197 finance leases at approximately 88% utilization.

Management completed a strategic channel shift during the period, exiting an online ride-hailing platform in August 2024 and divesting Sichuan subsidiaries in December 2025 to refocus operations on Hunan auto services. The company said it is evaluating opportunities in AI data center and infrastructure initiatives, though no definitive agreements have been reached.

Conclusion

Senmiao Technology's pre-market gain comes despite a weaker fiscal 2026 revenue and earnings performance, suggesting investors may be focused on the company's strategic refocusing toward Hunan operations and its early-stage exploration of AI infrastructure opportunities. As a micro-capitalization stock, shares are likely to remain sensitive to further updates on the company's evolving business mix.

 

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