Robosense Technology (2498) investor relations material

Executive summary

• Revenue for H1 2026 rose 30.2% year-over-year to RMB1.02 billion, driven by a 169.6% increase in LiDAR sales volume to 719,200 units, with robotics-related LiDAR sales up 510.4% and ADAS LiDAR sales up 98.0%.

• Robotics business now accounts for nearly half of product sales revenue, marking a shift from ADAS dominance and becoming a primary gross profit source.

• Product portfolio expanded beyond LiDAR to include Space Camera, tactile sensors, and joint modules, with commercialization and new deliveries commencing in H2 2026.

• E2, the second-generation fully solid-state digital LiDAR powered by the in-house "Peacock" chipset, began volume shipments in Q3 2026; Phoenix chipset to achieve SOP in Q4 2026.

• Major product launches included E2 solid-state LiDAR and Space Camera, with new design wins and mass production milestones.

Financial highlights

• Gross profit increased 9.4% year-over-year to RMB222.2 million, but gross margin declined to 21.8% from 25.9% due to lower average selling prices and higher raw material costs.

• Net loss widened 7.6% year-over-year to RMB159.9 million; adjusted net loss (excluding share-based compensation) was RMB122.7 million, up 7.3%.

• R&D expenses rose 12.2% to RMB346.5 million, reflecting increased investment in chip and sensor development.

• Operating loss narrowed to RMB171.8 million from RMB197.1 million year-over-year.

• Q2 2026 revenue was RMB561.0 million (+23.2% YoY); gross profit RMB122.6 million (-2.8% YoY).

Outlook and guidance

• Robotics business expected to further expand in 2027, with new product lines driving customer wins, delivery scale, and revenue contribution.

• Continued focus on developing core robotic components and scaling mass production of new products.

• No material adverse changes or significant events affecting financial or trading position since June 30, 2026.