Guangdong Huayan Robotics (1021) investor relations material

Executive summary

• Revenue for the six months ended June 30, 2026, was RMB174.1 million, up 0.6% year-over-year, with net loss widening to RMB56.9 million from RMB19.2 million.

• Adjusted net loss (non-IFRS) was RMB36.7 million, reversing from a profit of RMB10.5 million in the prior year.

• Losses were mainly due to higher selling/distribution expenses from sales team expansion and significant exchange losses on Global Offering proceeds.

• Domestic cobot sales grew strongly, while overseas and core motion component sales declined due to order timing and market conditions.

Financial highlights

• Gross profit decreased 10.8% to RMB56.2 million; gross margin fell to 32.3% from 36.4%.

• Selling and distribution expenses rose 48.5% to RMB34.0 million; R&D expenses increased 18.5% to RMB35.8 million.

• Inventories rose 69.4% to RMB175.5 million, mainly for emerging business and supply chain buffer.

• Cash and cash equivalents surged to RMB995.6 million, driven by Global Offering proceeds.

• Asset-liability ratio improved to 9% from 22% at year-end 2025.

Outlook and guidance

• Focus on R&D in robotics, AI integration, and scenario-centric ecosystem expansion.

• Plans to launch new high-performance actuators and expand product portfolio for embodied intelligence.

• Ongoing globalization with new subsidiary in Germany and localization in North America and Asia.

• Anticipates stronger performance in the second half as major customer orders and new business scale up.