Shengda Technology (SDA.US) revealed its performance forecast for the first half of 2026: revenue increased 22%-23% year-on-year, and continues to cultivate the Huawei Qiankun NEV ecosystem

The Zhitong Finance App learned that SunCar Technology Group Inc. (SDA.US), a leading digital auto insurance service provider listed on the US stock market, released an unaudited preliminary revenue forecast for the first half of 2026, while also disclosing second-quarter profit performance and full-year performance guidelines. The company relied on the AI digital car insurance service system and continued to deepen ecological cooperation with Huawei's Qiankun smart car ecosystem, and both revenue and profit are improving steadily.

According to company estimates, the overall revenue range for the first half of 2026 was US$271 million to US$273 million, a year-on-year increase of 22% to 23% over the same period in 2025; net profit for the second quarter of 2026 is expected to increase month-on-month, achieving a stable profit for the fourth consecutive quarter, and continuous optimization of profit quality. At the same time, the company maintained its previously stated annual revenue target of US$600 million for 2026, and the growth path is clearly predictable.

The core driving force behind Shanda Technology's current performance growth stems from the continued expansion of its two core business segments. First, the revenue contribution of the car insurance renewal business continued to rise, and the high-viscosity renewal business simultaneously increased the overall profit level and became the core support for the month-on-month improvement in net profit. In particular, in the first half of this year, the company further expanded global ecological cooperation with Huawei, fully implemented all high-end Hongmeng Zhixing brand car insurance services, and reached cooperation at key points of the GAC Qijing brand launch, covering all NEV models equipped with the full range of intelligent technology from Huawei Qiankun, became the core car insurance service provider for Huawei's Qiankun ecosystem, Major car companies continue to increase the scale of procurement and implementation of the company's AI cloud platform, intelligent risk control, and digital renewal systems.

Regarding the performance outlook, Ye Zaichang, Chairman and CEO of Shanda Technology, said, “The company's revenue continued to grow rapidly in the first half of 2026. The renewal business has become the core pillar of revenue, laying a solid foundation for continuous profit improvement. We value the recognition and trust of Huawei and its NEV partners. Ecological cooperation continues to deepen, and partners are comprehensively expanding the application of the company's AI cloud platform in vehicle insurance and full-cycle vehicle service scenarios. The expansion of the high-margin renewal business is the key to driving a month-on-month increase in net profit in the second quarter and achieving profit for the fourth consecutive quarter.”

Up to now, the Shengda Technology Cooperation Network has covered more than 20 mainstream NEV brands, including Tesla, Xiaomi, NIO, Xiaopeng, Ideal, Hongmeng Zhixing, and GAC Qijing. As HUAWEI's Qiankun ecological models continue to be updated and the GAC Qijing new car market gradually expands, and the company's digital car insurance service capabilities continue to iterate, the company will continue to explore the increase in intelligent connected NEV insurance tracks, steadily sprint to the annual revenue target of 600 million US dollars, and continue to push the auto insurance industry to an intelligent, refined, and ecological upgrade.