ROBOTPHOENIX (06871) released its unaudited results for the six months ended 30 June 2026, detailing robust top-line growth alongside expanded R&D outlays and wider losses.
Revenue and Margins • Revenue rose 58.0% year-on-year to RMB186.10 million, driven by higher robot-body shipments and enlarged customer base (315 direct-sale customers vs 257 a year earlier). • Overseas sales surged 318.5% to RMB22.60 million, lifting the international share of revenue to 12.1% (1H25: 4.6%). • Gross profit grew 62.5% to RMB44.19 million; gross margin edged up 0.6 ppt to 23.7%.
Profitability • Loss attributable to shareholders expanded 40.6% to RMB107.70 million. • Adjusted net loss (excluding share-based payments and listing expenses) widened 53.9% to RMB75.69 million. • Basic loss per share stood at RMB0.48 (1H25: RMB0.37).
Segment & Industry Performance • Robot bodies contributed 41.9% of revenue, climbing 132.5% to RMB78.03 million. – Mobile robots revenue surged almost fivefold to RMB36.77 million. • Robotics solutions remained the largest line at RMB108.11 million, 58.1% of total sales. • By industry, automotive components & new energy posted the fastest growth, up 234.4% to RMB67.77 million, now 36.4% of group sales. Consumer electronics remained substantial at RMB61.27 million (32.9% share).
Cost Structure • Cost of sales increased 56.4% to RMB141.95 million, broadly in line with revenue growth. • R&D expenses more than doubled to RMB52.03 million, representing 27.9% of revenue (1H25: 20.6%). • Selling and marketing costs rose 27.5% to RMB29.73 million, while administrative expenses climbed 44.0% to RMB58.30 million, partly due to listing-related professional fees and management hires. • Other income swung to a loss of RMB3.12 million, impacted by FX losses on HK-dollar IPO proceeds.
Balance Sheet and Liquidity • Successful Main Board listing in May 2026 raised net proceeds of HK$672.90 million, bolstering cash and cash equivalents to RMB605.03 million (31 Dec 2025: RMB51.12 million). • Interest-bearing bank borrowings increased to RMB258.64 million (31 Dec 2025: RMB159.73 million); unutilised banking facilities totalled RMB381.50 million. • Asset-liability ratio improved markedly to 45.6% from 71.9% at year-end 2025. • Capital expenditure reached RMB11.00 million, up from RMB8.50 million a year earlier.
Operational Highlights • 48 new domestic distributors and one additional overseas distributor were added, expanding coverage to 373 customers globally. • Product launches included new Bat2200M and Python series robots, compact CB417/CB418 control cabinets, and mobile robot solutions (STU Flybox and flexible AMR). • Embodied intelligence milestone: second-generation HOGENE wheeled dual-arm robot entered small-batch pilot procurement. • Patent portfolio reached 297 granted patents and 99 applications pending.
Other Information • Workforce grew 23.4% to 648 employees; staff costs rose to RMB87.10 million. • No interim dividend was declared. • No material post-period events, significant investments, or contingent liabilities were reported.
ROBOTPHOENIX maintains a cautiously optimistic outlook for the remainder of 2026, citing ongoing automation demand, AI-driven manufacturing upgrades, and the scaling of embodied intelligence technologies.