Beijing Geekplus Technology (2590) investor relations material

Executive summary

• Revenue rose 25.3% year-over-year to RMB1,283.9 million, driven by core robotics solutions, overseas expansion, and strong global order growth.

• Adjusted net loss (non-IFRS) narrowed by 32.1% to RMB60.6 million; excluding R&D in embodied intelligence, adjusted net loss improved by 81.9%.

• Overseas revenue accounted for over 75% of total revenue, with overseas gross margin at 46.2%.

• Maintained global leadership in autonomous mobile robot (AMR) market share for seven consecutive years and shipped over 81,000 robots globally.

• Customer repurchase rate remained above 80%.

Financial highlights

• Gross profit: RMB459.9 million, up 27.8% year-over-year; gross margin increased to 35.8%.

• Adjusted net loss (non-IFRS): RMB60.6 million, improved from RMB89.3 million in H1 2025.

• Cash and cash equivalents at period end: RMB2,199.9 million, down from RMB2,974.8 million at year-end 2025 due to loan repayments.

• Overseas revenue accounted for over 75% of total revenue, with overseas gross margin at 46.2%.

• Net loss for the period was RMB176.5 million, compared to RMB48.0 million last year.

Outlook and guidance

• Focus on AI-driven growth in subscription-based services, emerging product segments, and large-scale deployment of unmanned warehouse solutions.

• Targeting cumulative shipments of over 10,000 units in the next three years.

• Continued investment in R&D and global expansion to drive long-term value, leveraging new products and embodied intelligence.