• Huachen Ai Parking Management Technology posted a net loss of USD 41.92 million, swinging from net income of USD 1.51 million a year earlier.
• Revenue fell 64% to USD 14.9 million, while operating loss widened to USD 21.22 million from USD 78,136.
• General and administrative expenses jumped to USD 21.63 million from USD 78,136, driven primarily by USD 20.9 million in non-cash share-based compensation under an employee equity incentive plan.
• Other expenses widened to USD 22.12 million from USD 21 on a USD 22.12 million loss on disposal of subsidiaries tied to a USD 50,000 sale; cash ended year at USD 47,608.
• Strategic shift away from smart parking, refocusing on equipment structural parts and newly launched EV charging operations, with charging service commercialization anticipated in second-half 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huachen Ai Parking Management Technology Holding Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-055775), on May 13, 2026, and is solely responsible for the information contained therein.