Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Senmiao Technology Limited ("Senmiao" or the "Company") (NASDAQ:AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of February 2023. In February 2023, Senmiao and its affiliates recorded over 0.7 million total completed orders, a 28.3% increase from approximately 0.6 million total orders completed in January 2023, as a result of ride-hailing activity returning to pre-holiday levels following the Lunar New Year in late January.
Numbers reported since August 2021 include the number of completed orders from Meituan's ride-hailing platform ("the Meituan platform") utilizing Senmiao's network of cars and drivers for a set monthly fee. Numbers reported since April 2022 include the number of completed orders from several other ride-hailing platforms in Chengdu (Xiehua, Anma and other platforms), under the same cooperation model as Meituan.
Since the launch of Senmiao's online ride-hailing platform in October 2020, over 21.6 million rides have been completed using its own platform. Approximately 5.4 million rides have been completed on the Meituan platform under Senmiao's partnership with Meituan since August 2021. Over 1.7 million rides have been completed on Xiehua, Anma and other platforms since April 2022. The number of drivers completing rides via all the platforms (known as Active Drivers) in February 2023 was 5,973, up approximately 23.7% from 4,830 in January 2023.
The table below presents approximate unaudited operating metrics of Senmiao and its affiliates' online ride-hailing platform since the launch in October 2020.
Completed (in 000s) |
Completed (in 000s) |
Total (in 000s) |
Total Fares Paid (in 000s USD$) |
Active |
||||||
Oct-Dec 2020 |
1,318 |
1,318 |
4,039 |
N/A |
||||||
Jan-Dec 2021 |
13,360 |
2,485 |
15,845 |
49,505 |
N/A |
|||||
Jan 2022 |
455 |
492 |
947 |
3,413 |
7,085 |
|||||
Feb 2022 |
344 |
371 |
715 |
2,651 |
6,008 |
|||||
Mar 2022 |
534 |
480 |
1,014 |
3,660 |
7,091 |
|||||
Apr 2022 |
502 |
369 |
871 |
3,009 |
6,095 |
|||||
May 2022 |
581 |
357 |
938 |
3,286 |
5,989 |
|||||
Jun 2022 |
602 |
319 |
921 |
3,290 |
5,862 |
|||||
Jul 2022 |
636 |
337 |
973 |
3,504 |
5,928 |
|||||
Aug 2022 |
617 |
400 |
1,017 |
3,583 |
6,778 |
|||||
Sep 2022 |
414 |
114 |
528 |
1,712 |
6,030 |
|||||
Oct 2022 |
600 |
306 |
906 |
2,794 |
7,574 |
|||||
Nov 2022 |
456 |
298 |
754 |
2,267 |
7,019 |
|||||
Dec 2022 |
390 |
267 |
657 |
1,973 |
6,682 |
|||||
Jan 2023 |
338 |
239 |
577 |
1,928 |
4,830 |
|||||
Feb 2023 |
460 |
276 |
736 |
2,328 |
5,973 |
|||||
Cumulative |
21,607 |
7,110 |
28,717 |
92,942 |
N/A |
Posted In: AIHS