Zhejiang Laifual Drive (3952) investor relations material

Executive summary

• Revenue reached RMB142.2 million for H1 2026, up 80.1% year-over-year, driven by strong demand for harmonic reducers in robotics and an expanded customer base.

• Gross profit rose to RMB38.8 million, with gross margin improving to 27.3% from 19.8% in H1 2025.

• Loss for the period narrowed to RMB71.9 million from RMB83.7 million, with adjusted net loss at RMB4.1 million, down 63.2% year-over-year.

• Successfully listed on the Hong Kong Stock Exchange on 30 June 2026, raising HK$1,087 million in net proceeds for expansion.

Financial highlights

• Revenue: RMB142.2 million (H1 2026), up 80.1% year-over-year from RMB79.0 million (H1 2025).

• Gross profit: RMB38.8 million (up 148.3% year-over-year), gross margin 27.3% (vs. 19.8% prior year).

• Loss for the period: RMB71.9 million (vs. RMB83.7 million prior year).

• Adjusted net loss: RMB4.1 million (vs. RMB11.2 million prior year).

• Adjusted EBITDA: RMB12.4 million (vs. RMB0.3 million prior year).

• Basic and diluted loss per share: RMB0.79 (vs. RMB0.95 prior year).

Outlook and guidance

• Expects continued strong demand as humanoid robots move toward commercial deployment and industrial robot upgrades accelerate.

• Plans to ramp up production capacity to 80,000 units/month by end of 2026, with outstanding orders for harmonic reducers exceeding 400,000 units as of July 2026.

• Will invest in R&D, expand product portfolio, and enhance overseas market presence.