Guangdong Huayan Robotics (1021) investor relations material

Executive summary

• Revenue for H1 2026 was RMB174.1 million, up 0.6% year-over-year, with net loss widening to RMB56.9 million from RMB19.2 million in H1 2025.

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

• Gross profit margin declined to 32.3% from 36.4% due to higher costs and a shift in product mix.

• Significant investments in R&D and sales expansion, especially for embodied intelligence and overseas markets, led to increased expenses and exchange losses.

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

Financial highlights

• Revenue: RMB174.1 million (+0.6% YoY); gross profit: RMB56.2 million (-10.8% YoY).

• Net loss: RMB56.9 million (vs. RMB19.2 million loss in H1 2025); adjusted net loss: RMB36.7 million (vs. RMB10.5 million profit in H1 2025).

• Gross profit margin: 32.3% (down 4.1 ppts YoY); adjusted gross margin: 35.4%.

• Cash and equivalents: RMB995.6 million (vs. RMB178.0 million at 2025 year-end), driven by Global Offering proceeds.

• Asset-liability ratio: 9% (down from 22% at 2025 year-end).

Outlook and guidance

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

• Plans to accelerate global expansion, especially in Europe, North America, and Asia-Pacific, with new subsidiaries and localization.

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

• Anticipates stronger performance in H2 2026 as major customer orders and new product launches materialize.