BRETON (01333) announced its results for the six months ended June 30, 2025. The group recorded revenue of RMB 327 million during the period, representing a year-on-year increase of 22.18%. The group posted a loss of RMB 174 million for the period, with basic loss per share of RMB 0.48.

In the first half of 2025, the group accelerated mass production of electric wide-body dump trucks with self-manufactured chassis. The group's 800V voltage platform technology reduced charging time for its products by more than 10%. The group initiated development of various products including 135/145 platform charging and battery swapping technology, 135-ton class 800kWh battery swapping vehicles, 145-ton class range-extended electric wide-body dump trucks, 528kWh high-capacity long-range 6-ton electric loaders, and 18-ton electric forklift loaders designed for marble loading and unloading scenarios. The high-capacity fast charging technology and range-extended products will improve battery utilization rates and driving range, thereby enhancing vehicle operational efficiency.

During the first half of 2025, the group's autonomous driving equipment sales revenue accounted for over 11% of total revenue for the same period, already exceeding the full-year revenue from similar business in 2024. The group plans to implement the following three business models for this segment: (i) selling unmanned electric equipment to customers; (ii) providing autonomous operation technical services to type (i) customers and collecting technical service fees periodically; and (iii) selling pre-installed wire-controlled chassis electric equipment without perception and intelligent software integration.

The group's autonomous driving business is primarily based on autonomous driving equipment sales and technical services, and has not yet adopted an asset-holding operational model, thus avoiding excessive occupation of the company's working capital.