Guangdong Huayan Robotics (1021) H2 2025 earnings summary

Executive summary

• Revenue grew 24.6% year-over-year to RMB386.9 million in 2025, with adjusted net profit up 44.0% to RMB25.7 million, driven by strong domestic demand and product innovation.

• Cobots and core motion components saw robust adoption across sectors, with significant expansion in Chinese Mainland and continued international presence in over 50 countries.

• The company maintained leadership in export sales volume of cobots in China and ranked first in 2025.

Financial highlights

• Revenue: RMB386.9 million in 2025, up 24.6% year-over-year.

• Gross profit: RMB145.5 million, gross margin 37.6% (up 3.3pp year-over-year).

• Adjusted net profit: RMB25.7 million, up 44.0% year-over-year.

• Loss for the year: RMB29.9 million (due to share-based payments and listing expenses).

• R&D expenses: RMB73.9 million, up 56.2% year-over-year.

• No dividends declared for 2025.

Outlook and guidance

• Focus on advancing R&D in cobots and AI integration to enhance product performance and global brand.

• Strategic expansion in humanoid robotics, semiconductors, and overseas markets.

• Plans to utilize HKD1,478.18 million in IPO proceeds for R&D, overseas business, and production capacity by 2031.