Mech-Mind Robotics (9615) investor relations material

Executive summary

• Revenue for H1 2026 rose 54.7% year-over-year to RMB237.3 million, with overseas revenue up 68.3% to RMB99.5 million.

• Gross profit increased 63.6% year-over-year to RMB154.2 million, with gross margin improving to 65.0% from 61.4%.

• Adjusted loss for the period narrowed to RMB52.5 million, and adjusted EBITDA loss improved to RMB33.0 million.

• Customer repurchase rate reached 93.9%, with retained revenue from existing customers at RMB223.0 million, 1.72x the prior year.

• R&D investment increased 72.9% year-over-year, supporting breakthroughs in embodied intelligence technology.

Financial highlights

• Revenue: RMB237.3 million (H1 2026), up from RMB153.5 million (H1 2025).

• Gross profit: RMB154.2 million, gross margin 65.0% (up from 61.4%).

• Loss from operations: RMB77.5 million (up 18.7% year-over-year).

• Loss for the period: RMB100.3 million (down 2.8% year-over-year).

• Adjusted loss for the period: RMB52.5 million (improved from RMB55.8 million).

• Adjusted EBITDA: -RMB33.0 million (improved from -RMB39.4 million).

• R&D expenses: RMB80.1 million, up 72.9%.

• Cash and cash equivalents: RMB317.8 million as of June 30, 2026.

Outlook and guidance

• Backlog increased 102.0% year-over-year, providing high revenue visibility for H2 2026.

• Continued rapid expansion expected, with international markets as a key growth driver.

• Ongoing prioritization of R&D investment to maintain technological leadership and drive scale.

• Long-term market opportunity seen in addressing the global automation gap in manufacturing and logistics.