WebsiteIntroduction
Senmiao Technology Limited (NASDAQ: AIHS) is a Chengdu-based provider of automobile transaction and related services in China. Designed to operate within the ride-sharing market, the company’s offerings include vehicle sales, purchase and financing facilitation, operating leases, guarantees, and other ancillary transaction services.
Corporate structure
Headquartered in Chengdu, Sichuan Province, Senmiao Technology Limited employs between 51 and 200 staff members. The firm’s central operations support its focus on the auto sector, while its U.S. SEC filings appear under CIK 0001711012.
| Ticker | Exchange | Share Price (USD) | Change (%) | Volume |
|---|---|---|---|---|
| AIHS | NAS | 3.20 | +48.84 | 13,367,725 |
Ride-sharing by Fikri Rasyid
Recent developments and news
On August 15, 2025, Senmiao filed a Form 8-K (Item 8.01) disclosing material events and simultaneously submitted a notification on Form NT 10-Q regarding delays in its Q2 2025 report due to complexities surrounding corporate restructuring. The completed Form 10-Q for the quarter ended June 30, 2025, was subsequently filed on August 19, 2025. Trading volume increased during this period, with the share price closing at $3.20 on September 16, 2025, representing a 48.84% increase from the prior session.
Financial and strategic aspects
In the second quarter of 2025, Senmiao reported total other income of $0.33 million, compared with $0.04 million in Q2 2024. The loss from operations narrowed to $0.61 million, down from $0.78 million a year earlier. The net loss improved to $0.28 million (with a comprehensive loss of $0.32 million) compared to a net loss of $0.76 million (comprehensive loss of $0.80 million) in Q2 2024.
These figures reflect the reclassification of results from a disposed subsidiary under discontinued operations following its sale in August 2024. Management reported that the delay in filing was due to additional review requirements related to that disposal and indicated plans to meet future filing deadlines. Current strategic initiatives focus on streamlining core auto transaction services and optimizing financial facilitation for ride-sharing operators.
Market position and industry context
Senmiao operates in China’s auto transaction and credit services sector, targeting ride-sharing platforms and individual drivers. The company competes with other financial service providers that offer vehicle sales, leasing, financing, and guarantee programs. As urban mobility solutions expand, Senmiao aims to secure a share of fleet financing and service contracts through its integrated model.
tl;dr
As of September 16, 2025, AIHS shares increased by 48.84% to $3.20 amid heightened trading volume. Senmiao filed its delayed Q2 2025 Form 10-Q on August 19, reporting improved net losses and reclassifying the results of a disposed subsidiary. Management is concentrating on core auto transaction services and plans to comply with future SEC deadlines.
