Shengda Technology (SDA.US) performance exploded: Adjusted EBITDA surged 269% year on year to achieve four consecutive quarters of profit Eric Jackson, a well-known investor in US stocks, joined the Advisory Committee

Zhitong Finance App learned that the US stock listed company SunCar Technology Group Inc. (SDA.US) officially released its 2026 semi-annual report. Financial reports show that the company's operating income, net profit, adjusted EBITDA, and NEV insurance premiums achieved significant growth, profits were reversed, and the NEV auto insurance business continued to expand. Previously, US stock influencer investor Eric Jackson also officially joined the company's advisory committee, supported by international capital and industrial intelligence, to help the company seize the development dividends of the smart car insurance industry.

According to official financial data disclosed in the semi-annual report, the company achieved revenue of 277 million US dollars in the first half of 2026, a year-on-year increase of 24%; recorded net profit of 3.4 million US dollars, which achieved a significant loss improvement compared with a net loss of 5.5 million US dollars in the same period last year; adjusted EBITDA reached 9.4 million US dollars, a sharp increase of 269% year on year; and premiums related to new energy vehicles increased 31% year on year to reach 916 million US dollars. The company continues to maintain the 2026 full year revenue target of $600 million. Performance continued to improve in the second quarter. The company has achieved profit for the fourth consecutive quarter, and the profit quality continues to improve.

Behind the high growth in performance, on the one hand, it comes from the continuous increase in the contribution of the auto insurance renewal business, which is driving an improvement in overall profit levels; on the other hand, the cooperative ecosystem of NEV companies continues to expand, NEV insurance premiums are growing rapidly, and cooperation with the Huawei Qiancun ecosystem continues to deepen. A number of leading car companies are expanding the implementation and use of Shengda Technology's AI cloud platform in vehicle insurance and car service scenarios.

At the technical level, Shengda Technology continues to increase the in-depth implementation of AI technology in the entire auto insurance process. The company collaborated with ByteDance Doubao Big Model to build a dynamic risk assessment system to build an exclusive risk control dimension for high-value parts of new energy vehicles such as advanced intelligent driving systems, power batteries, lidar, etc., to achieve differentiated risk estimation and personalized car insurance product matching. An intelligent outbound call system for AI renewal and an intelligent car insurance pricing engine have been implemented on a large scale in Huawei-Qiankun ecological cooperative brands such as Hongmeng Zhixing and GAC Qijing. Relying on more than 48,000 car service outlets across the country, we have built a one-stop service system of “insurance+ maintenance+ rescue+ predictive maintenance” to extend claims processing to the full life cycle management of vehicles after car insurance. Up to now, the company's services cover more than 20 mainstream NEV brands, including Tesla, Xiaomi, NIO, Xiaopeng, Ideal, Hongmeng Zhixing, and GAC Qijing.

At the corporate governance level, in order to match the communication needs of global business development and the capital market, the board of directors appointed Mr. Qian Xuefeng, a well-known domestic investor, as an independent director to export an industrial investment perspective for the company's strategic planning, ecological expansion, and compliance management.

Additionally, the company's advisory board welcomed a major member — Eric Jackson**, an influential North American hedge fund manager and financial opinion leader, to officially join. Eric Jackson is the founder, president and portfolio manager of EMJ Capital Ltd. The agency is registered with the Ontario Securities Commission of Canada and uses self-developed AI/ML algorithms to carry out long and short strategic investments in technology stocks. He has a complex background spanning entrepreneurial executives, hedge fund management, and academic research. He was the managing director of SpringOwl Event Driven Partners and co-founded Ironfire Capital; he has a doctorate degree in management from Columbia Business School, and his doctorate topics focus on corporate governance and IPO market performance research. As a permanent financial commentator for CNBC and BNN Bloomberg, he has about 116,000 followers on the overseas social networking platform X. He is well known in the market because he accurately viewed Carvana (CVNA) in the early days, and public research on growth targets such as Opendoor has great influence in the US retail community. Eric Jackson will focus on investor relations, corporate strategy, and international business development to provide advisory support to the company. He is very optimistic about Shanda Technology's unique industry card position. He believes that the company is in a huge autonomous vehicle fleet service hub, deeply connected to the Huawei Qiancun smart car base, and will have a first-mover advantage in defining autonomous driving insurance rules.

Ye Zaichang, Chairman and CEO of Shengda Technology, said, “In the first half of 2026, we handed over a report card of both revenue and profit growth, and NEV insurance premiums increased 31% year-on-year. The renewal business has become an important pillar of the company's profits, and partners of major NEV companies continue to recognize our AI-driven insurance and automotive service solutions. The addition of professionals such as Qian Xuefeng and Eric Jackson will bring the company diverse perspectives on the industry and global capital market. In the future, the company will continue to deepen the application of AI technology in the field of smart car insurance, expand the NEV service ecosystem, fully implement annual business goals, and create long-term value for all shareholders.”