Chenqi Technology, the operator of ride-hailing platform OnTime Mobility, issued a profit alert on August 3 forecasting stronger results for the first half of 2026.
The company expects to record consolidated revenue of at least RMB 3.9 billion (USD 576.7 million), an increase of at least RMB 2.224 billion (USD 328.9 million) from the same period in 2025. That would represent year-over-year growth of 132.6%.
Its loss is expected to narrow by at least 40% from a year earlier.
Chenqi has issued positive profit alerts for two consecutive reporting periods in 2026. Its gross margin has also turned positive over the past two years, indicating an improvement in its operating performance, although the company remains unprofitable.
Chenqi attributed the expected revenue increase mainly to higher ride-hailing order volume on OnTime Mobility. It also increased sales and marketing activity for its technology services, which contributed to revenue growth in that segment.
