- Momenta reported a gross margin of 73.2% in the first half, while adjusted loss narrowed to 14.1 million yuan. - New installations of mass-production solutions rose 83.7% year-on-year to about 321,000 units in the first half. Momenta (HKEX: 6880) on Monday reported its first results since listing, with first-half revenue rising 75.9% year-on-year to 1.6 billion yuan ($236 million). The growth was mainly driven by an increase in vehicle model nominations and the number of mass-produced vehicle models. Revenue from technical development services rose 81.5% to 995 million yuan, accounting for 62.1% of total revenue. Revenue from licensing services increased 67.5% to 607 million yuan, representing 37.9% of total revenue. Gross profit rose 79.4% to 1.17 billion yuan, while gross margin increased by 1.4 percentage points to 73.2%. On a non-IFRS basis, Momenta's adjusted loss narrowed 96.6% to 14.1 million yuan from 416 million yuan a year earlier, according to a Hong Kong exchange filing. The measure excludes share-based compensation, changes in the fair value of preferred shares and other financial liabilities, and listing expenses. On an IFRS basis, Momenta's first-half net loss widened to 16.54 billion yuan from 1.7 billion yuan a year earlier. The wider loss was primarily driven by a 16.31 billion yuan charge arising from changes in the fair value of preferred shares and other financial liabilities. All of the preferred shares were converted into ordinary shares after Momenta completed its listing in July. The company said the fair-value change was a noncash item and would not result in future cash outflows. Expansion of the core business continued to accelerate. New installations of Momenta's solutions in mass-produced vehicles totaled about 321,000 units in the first half, up 83.7% year-on-year, taking cumulative installations above 1 million units. The company delivered 37 mass-produced vehicle models during the