Grand Technology (SDA.US) performed well in the third quarter of 2025, successfully turning losses into profits. The development of new energy vehicles and AI innovation are driving the company's growth.

On December 18, 2025, Shanda Technology Group Limited (NASDAQ stock code: SDA), a leading innovator in B2B digital car insurance and car services powered by AI cloud in China, officially released its financial performance for the third quarter of 2025 ending on September 30, 2025. The report showed that the company achieved key breakthroughs this quarter, not only turning losses into profits but also making significant progress in the expansion of new energy car business and the integration of AI technology, demonstrating strong profitability growth and potential for sustainable development. Key financial indicators showed excellent performance, turning losses into profits and achieving a key milestone In the third quarter of 2025, Shanda Technology's revenue reached $115.8 million, a 6% increase from $109.6 million in the same period in 2024; revenue for the first three quarters also increased by 8% year-on-year, reaching $338.1 million, steadily expanding its business scale. On the profit side, the company achieved a historic breakthrough with a net income of $1.41 million this quarter, a significant improvement from a net loss of $1.43 million in the same period in 2024, achieving a positive growth of $2.84 million and successfully entering the profit zone. Core indicators of profitability also showed outstanding performance, with adjusted EBITDA in the third quarter of 2025 increasing by 128% year-on-year, from $2.15 million in the same period in 2024 to $4.92 million, highlighting the strong resilience and scalability of the company's profit model. In the segmented business, the car digital insurance business performed well, with revenue growing by 13% year-on-year to $51.41 million due to a steady increase in policy sales; car service revenue maintained steady growth, reaching $52.16 million, providing solid support for the company's overall performance. Ye Zaizhang, Chairman and CEO of Shanda Technology, said, "Achieving positive net income this quarter is a key milestone in the company's development, fully demonstrating our profitability growth capability. With a leading position in AI car insurance and service, as well as deep cooperation with leading companies in the new energy car industry, the company has built a strong and replicable profit model that continuously creates value in the market." Comprehensive expansion of cooperation in the new energy car business ecosystem continues to expand In the field of new energy cars, Shanda Technology has deepened cooperation with industry-leading enterprises to achieve dual breakthroughs in business scenarios and coverage. Deep cooperation with Tesla has successfully landed insurance business in authorized Tesla body repair centers, helping Tesla penetrate the third and fourth-tier city markets accurately without the need to establish delivery centers, providing quality services and building an efficient channel expansion model. Significant results have been achieved in cooperation with NIO, where leveraging the technological advantages of Shanda Technology's order processing platform has shortened NIO's delivery time by 50%, while significantly reducing vehicle delivery costs, achieving simultaneous improvement in operational efficiency and user experience. For XPeng Motors, the company focused on insurance renewal scenarios, launching special cooperation with XPeng brand stores to significantly increase store renewal rates, strengthening customer lifecycle value management. In terms of Ideal Motors, the company has successfully launched online insurance pilot projects in Shanghai, Chongqing, Xinjiang, Qingdao, Inner Mongolia, Anhui, and other regions, with good market feedback, and plans to start nationwide scale promotion in 2026. In addition, the company has reached multiple cooperations with LEAPMOTOR, Xiaomi, Huawei, and other companies: LEAPMOTOR has expanded Shanda Technology solutions from direct stores to dealer cooperative stores, with continuous increase in system utilization; jointly create a new insurance/renewal customer service process with Xiaomi, setting a new benchmark in the electric car industry; the HIMA project in cooperation with Huawei has completed internal testing and HarmonyOS application adaptation testing and is about to enter a full commercial deployment phase. Furthermore, the company continues to strengthen its cooperation foundation in property insurance business, signing strategic cooperation agreements with Huatai Property Insurance and Bohai Property Insurance, and further expanding its regional coverage and business development momentum through measures such as acquiring Jia Yi Auto Insurance Agency Limited and initiating the acquisition of Dalian Jin Hai Niu Insurance, among others. Deep AI technology empowerment builds core competitive barriers As an AI-driven car service company, Shanda Technology continues to increase investment in technology research and development, with R&D expenses in the third quarter of 2025 increasing by... (emailed translated text as response was too long)