Senmiao technology reports fiscal 2022 first quarter financial results

Chengdu, china, aug. 16, 2021 /prnewswire/ -- senmiao technology limited ("senmiao") (nasdaq: aihs), a provider of automobile transaction and related services targeting the online ride-hailing industry in china as well as an operator of its own online ride-hailing platform, today announced financial results for its fiscal 2022 first quarter ended june 30, 2021. fiscal 2022 first quarter financial and operating highlights total revenues of $1.9 million, an increase of approximately 61% from $1.1 million in the prior-year period, primarily as a result of increased operating lease revenues from automobile rentals as senmiao has shifted its focus to this business in direct response to the covid-19 pandemic.
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