OnTime Posts 140.7% Revenue Surge to RMB 4.035 Billion, Gross Profit Tops RMB 500 Million in H1 2026

HONG KONG, GUANGZHOU and SHENZHEN, China, Aug. 22, 2026 /PRNewswire/ -- Chinese mobility technology and service provider OnTime (9680.HK) announced its first-half 2026 financial results on August 19, achieving record highs in revenue, gross profit and order volume. The company posted a 156.3% jump in gross profit, topping RMB 500 million, with gross margin expanding to 12.4% and net losses narrowing 45.2% year-on-year. 

For the first half of 2026, OnTime generated revenue of RMB 4.035 billion, a 140.7% increase from the same period last year. Total orders rose 150.6% to 184 million, propelling daily orders past the one-million mark for the first time.

Beyond its core mobility services — which continued to deliver robust revenue growth — OnTime's technology services segment saw revenue soar 274.4%, with a gross margin of 22.7%, reflecting strong momentum, improved profitability and a more favorable business mix. According to company disclosures, the tech services division expanded into embodied AI in the first half of 2026, a move expected to broaden the company's prospects in AI and make the segment a key driver of future growth.

Revenue Doubles to RMB 4.035 Billion; Gross Profit Tops RMB 500 Million and Losses Narrow 45.2%

OnTime's first-half revenue reached RMB 4.035 billion, with year-on-year growth accelerating sharply — up 79 percentage points from the same period in 2025.

The company said it has adopted AI tools and automation across its R&D and operational workflows to improve efficiency, with the benefits of operating leverage beginning to be reflected in its financial performance.

Gross profit surged 156.3% to RMB 501 million, outpacing revenue growth for the period. The company's gross margin has improved consistently — climbing from 5.1% for full-year 2024 to 11.7% in the first half of 2025, and further to 12.4% in the first half of 2026. Meanwhile, net losses narrowed by 45.2% compared with a year earlier.

Mobility Services Orders Surge 150.6%; Robotaxi Expansion Accelerates

Mobility services and technology services are jointly driving the company's revenue gains.

OnTime's core mobility services — including both ride-hailing and Robotaxi — generated RMB 3.92 billion in first-half revenue, up 139.5% year-on-year. Growth was fueled by a 149.2% increase in gross transaction value to RMB 5.064 billion and a 150.6% jump in total orders to 184 million.

Daily orders reached 1.015 million, up 150.7% year-on-year — a critical industry milestone that places OnTime in the "million-daily-orders club," a benchmark widely recognized as an indicator of scale in China's ride-hailing market.

During the period, OnTime's mobility services gross margin improved to 12.1%, driven primarily by greater scale and operational efficiencies that lowered per-order costs.

Robotaxi, a strategic priority for OnTime, has seen significant growth since the start of 2026. The company now operates more than 550 Robotaxi vehicles across key areas including Guangzhou's Nansha and Science City districts, Shenzhen's Bao'an and Nanshan districts, and the Hengqin Guangdong-Macao In-Depth Cooperation Zone.

OnTime's "Robotaxi+" industrial ecosystem continues to expand. In March, autonomous driving developer Pony.ai deployed its next-generation Robotaxi vehicles into OnTime's fleet. In April, OnTime partnered with chipmaker Black Sesame Technologies to co-develop production-ready Robotaxi solutions alongside other ecosystem partners. Most recently in August, OnTime's Robotaxi services were integrated into Alipay and Tencent's mobility platforms, accelerating the development of a Robotaxi service network combining its own platform with third-party platforms.

AI-Powered Tech Services Revenue Tops RMB 100 Million; Gross Margin Hits 22.7%

OnTime's technology services segment — which generates revenue primarily from AI-driven data solutions — surpassed RMB 100 million in first-half revenue for the first time, up 274.4% year-on-year, making it the company's fastest-growing business line. The segment delivered a gross margin of 22.7%.

According to previously disclosed results, technology services revenue grew 175.8% year-on-year in H1 2024, 207.0% in H1 2025 and 274.4% in H1 2026, demonstrating a clear acceleration in the segment's growth.

OnTime began building its AI data services business in 2023, leveraging real-world mobility scenarios captured from its ride-hailing platform to develop autonomous driving data solutions. The company offers end-to-end data services — from raw data collection to standardized dataset delivery — with data assets spanning perception data, behavioral data, synthetic data and multimodal training datasets.

According to company filings, OnTime is accelerating the commercialization of its technology services business. The filings also note that its AI data capabilities currently serve autonomous driving data needs and are now extending into emerging fields such as embodied AI and large model training.

In June 2026, OnTime launched a dedicated embodied AI data platform, formally expanding its service scope into this high-growth segment. A month later, the company listed its data assets on the Automotive Industry Trusted Data Space — a China-based data-sharing initiative — further establishing compliant, standardized channels for the exchange of data assets.

 

source: Ontime