---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-118194"
form_type: "8-K"
ticker: "AIHS"
cik: "0001711012"
company_name: "Senmiao Technology Ltd"
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:47:27.452004+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Senmiao Q2 FY2024 revenue down 18% YoY to $1.8M; net loss widens to $1.21M

## Summary
- Total revenues $1.8M vs $2.2M YoY; ride-hailing platform services fell to $0.6M from $1.0M due to competition and Gaode compliance checks in Guangzhou.
- Auto rental revenue rose 8.9% to $1.0M; gross profit increased 21.1% to $0.4M.
- Loss from operations narrowed to $1.3M from $1.6M YoY, driven by cost-cutting and lower SG&A expenses (down 27.8% to $1.1M).
- Net loss was $1.21M compared to $1.18M in prior-year period; diluted EPS loss $0.12 vs $0.15.
- Cash and equivalents $1.3M as of Sep 30, 2023, down from $1.6M at Mar 31, 2023; stockholder equity dropped to $2.5M.

## SEC filing metadata
- accession: 0001104659-23-118194
- form_type: 8-K
- ticker: AIHS
- cik: 0001711012
- company_name: Senmiao Technology Ltd
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1711012/000110465923118194/0001104659-23-118194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1711012/000110465923118194/tm2330730d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-118194
- JSON: https://secwatch.observer/filing/0001104659-23-118194.json
- Plain text: https://secwatch.observer/filing/0001104659-23-118194.txt

## Key facts
- Earnings Releases
  Senmiao Technology Ltd reported the fiscal second quarter ended September 30, 2023 results: revenue $1.8 million, net income $1.21 million, EPS $0.12.
  - Period: the fiscal second quarter ended September 30, 2023
  - Revenue: $1.8 million
  - Net income: $1.21 million
  - EPS: $0.12
  - Result: reported results
  source text: today announced financial results for its fiscal 2024 second quarter ended September 30, 2023. Fiscal 2024 Second Quarter Financial and Operating Highlights · Total revenues of $1.8 million, compared to $2.2 million in the prior-year period, primarily due to decreased revenues from online ride-hailing platform services as a result of fewer completed orders due to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711012/000110465923118194/0001104659-23-118194-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.