Excelland Robotics (3231) investor relations material

Executive summary

• Revenue for H1 2026 rose 12.4% year-over-year to RMB154.4 million, driven by strong growth in Yoxiaogu and Yoshop product lines.

• Net loss increased 81.0% year-over-year to RMB80.0 million, mainly due to higher R&D, listing-related, and finance costs.

• Gross profit margin declined to 11.1% from 16.2% as cost of sales outpaced revenue growth.

• The company launched new Yomie models and secured a landmark cleaning contract for metro stations.

Financial highlights

• Revenue: RMB154.4 million (+12.4% YoY); Gross profit: RMB17.2 million (-23.0% YoY).

• Net loss: RMB80.0 million (+81.0% YoY); Loss per share: RMB0.22.

• Total assets: RMB419.1 million (+12.7% from Dec 2025); Total equity: RMB41.9 million (-65.6%).

• Cash and cash equivalents: RMB53.2 million (+144.5% from Dec 2025).

Outlook and guidance

• Plans to expand product coverage, strengthen technology, and grow internationally, targeting markets in Asia, Europe, and North America.

• Market for commercial service robots in China expected to grow at a 25.9% CAGR from 2025 to 2030.

• Net proceeds from IPO (HK$576.6 million) to be used for R&D, business expansion, and strategic acquisitions.