Rokae Robotics (3752) investor relations material

Executive summary

• Revenue surged 135.8% year-over-year to RMB414.7 million for H1 2026, driven by strong sales of industrial, flexible collaborative, and embodied intelligent robots.

• Gross profit margin improved to 29.8% from 22.3% year-over-year, reflecting economies of scale and product mix optimization.

• Adjusted net profit (non-HKFRS) reached RMB18.4 million, a turnaround from an adjusted net loss of RMB35.2 million in H1 2025.

• Loss for the period narrowed by 12.6% to RMB79.0 million.

• Operating cash flow turned positive, reversing net cash outflows from the prior period.

Financial highlights

• Sales of robotic products increased 162.2% to RMB394.0 million, with unit sales rising from over 4,000 to over 13,000 year-over-year.

• Embodied intelligent robots contributed RMB139 million, accounting for 34% of total revenue.

• Gross profit rose to RMB123.4 million, with gross margin before inventory write-downs at 31.2%.

• Other income rose 325.9% to RMB22.0 million, mainly from government R&D grants.

• R&D expenses increased 146.6% to RMB63.9 million, reflecting higher investment in technology and staff.

Outlook and guidance

• Focus on balanced growth by strengthening mature robotics businesses and accelerating commercialization of embodied intelligence.

• Plans to deepen R&D in control systems, force-controlled joints, and AI-driven perception.

• Continued investment in R&D, supply chain optimization, and operational efficiency to support long-term growth.

• Intends to expand global market coverage and foster an open ecosystem for long-term development.

• Focus on building a global ecosystem and infrastructure for the Physical AI era.