Senmiao Technology Inc. is a Nevada-incorporated holding company that provides automobile transaction and related services in China, primarily serving online ride-hailing drivers in Changsha and other markets. The company's core business comprises operating leases of new energy vehicles and standard automobiles to individual customers, finance leasing arrangements where it retains title, and ancillary services including regulatory compliance support, purchase facilitation, and platform commissions. Revenue is generated through monthly rental fees, finance lease interest payments, service fees for vehicle leasing and purchase-related activities, and default charges, with the company typically serving approximately 1,000 customers and maintaining a fleet of several hundred leased vehicles.
| USD millions | FY2026 |
|---|---|
| Revenue | 2 |
| Net Income | -5 |