Momenta Reports 76% Revenue Growth in First Half of 2026

Momenta (6880.HK) reported first-half 2026 revenue of 1.6 billion yuan, up 76% year on year, according to Jiemian News. Excluding share-based compensation, gross profit rose 75% to 1.21 billion yuan, with a gross margin of 75%. The company said adjusted net loss narrowed 97% to 14.097 million yuan, while cash outflow from operating activities also narrowed 47% from a year earlier. Momenta said its Robovan business has been deployed in Suzhou's Xiangcheng district, with partners including postal services, JD.com, SF Express and other major delivery companies, covering parcel transfer, nighttime delivery, fresh food, fast-moving consumer goods, community group buying and hardware parts. The company also said its Robotaxi service is scheduled to begin operations in Shanghai and Abu Dhabi later this year.