Valor Energy Inc.
senmiaotech.comWhat Do They Do?
Leases cars and provides related vehicle services to online ride-hailing drivers in China.
10-K for FY2026, filed Jun 30, 2026
How Do They Make Money?
Most revenue comes from renting cars to ride-hailing drivers, with rent paid over the rental period. The company also earns interest over finance-lease terms, fees for NEV and car-purchase services when completed, and monthly commissions.
10-K for FY2026, filed Jun 30, 2026Operating lease revenues from automobile rentals –The Company generates revenue from leasing its own automobiles. The Company recognizes…View ↗
Financing revenues – Interest income from the lease arising from the Company’s sales-type leases and bundled lease arrangements are…View ↗
Service fees from NEVs leasing - Services fees from NEVs leasing are paid by some lessees who rent new energy electric vehicles from the…View ↗
Monthly services commissions – Commissions from the services are generated from the management and related services provided to Partner…View ↗
Service fees from automobile purchase services - Automobile purchase services are paid by automobile purchasers for a series of the…View ↗
The Company recognizes those revenues at a point in time when above mentioned services are completed, and the related automobile is…View ↗
$1.5M
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10-K for FY2026, filed Jun 30, 2026
$1.5M ↗
Who Are Their Customers?
Most customers are current or prospective ride-hailing drivers, who rent cars or buy them with related services. The company reaches customers through sales teams, partner lease companies, online and billboard advertising, fliers and trade shows.
10-K for FY2026, filed Jun 30, 2026
Do Revenues Turn Into Profits?
No. It lost $5.3M in FY2026.
10-K for FY2026, filed Jun 30, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q1 FY2027, filed Aug 14, 2026
−$32.8MView ↗
- ▲ +19827% (Loss)
- vs −$164.4K in Q1 FY2026
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Aug 24, 2026
Nasdaq notified Senmiao that it no longer meets a continued listing standard
The company has until October 5, 2026 to submit a compliance plan; the notice does not immediately affect its listing.
Sources
8-K, filed Aug 24, 2026
We have 45 calendar days to submit a plan to the Staff to regain compliance or until October 5, 2026. If our plan is accepted, we may be…View ↗
Shrinking. Revenue fell 87% in 4 years, from $11.7M in FY2022 to $1.5M in FY2026, about 40% a year.
Ride-hailing platform exit
The older report described the company's ride-hailing platform matching drivers with ride requests; the latest report says it disposed of the platform and ended that service.
10-K for FY2023, filed Jul 13, 2023 10-K for FY2026, filed Jun 30, 2026As part of our goal to provide an all-solution for online ride-hailing drivers as well as to increase our competitive power in an…View ↗
From October 2020 to August 2024, we operated an online ride-hailing platform through XXTX, which was a wholly owned subsidiary of Senmiao…View ↗
Exit from Sichuan operations
The latest report says Senmiao sold its former Sichuan subsidiaries and stopped providing automobile services there, a business footprint the older report described through its operating entities.
10-K for FY2023, filed Jul 13, 2023 10-K for FY2026, filed Jun 30, 2026Prior to December 31, 2025, we provided automobile transaction and related services in Sichuan Province of China through our former…View ↗
Who Do They Compete With?
Competes with Changsha XiangyuZitai Automobile Leasing Service
10-K for FY2026, filed Jun 30, 2026The online ride-hailing industry in China is intensively competitive and full of rapid changes in technology, shifting user preferences and…View ↗
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