Robosense Technology (2498) H2 2025 earnings summary

Executive summary

• Achieved first-ever quarterly profit in Q4 2025, with net profit of RMB 103.7 million, reversing a net loss of RMB 131.1 million in Q4 2024.

• Full-year revenue grew 17.7% year-over-year to RMB 1.941 billion, driven by strong growth in robotics-related LiDAR sales.

• Robotics and general robotics business became a key growth engine, with revenue from robotics and others up 257.7% year-over-year.

• Digital LiDAR products entered large-scale delivery, driving technological and commercial breakthroughs.

• Annual net loss narrowed significantly to RMB 145 million in 2025 from RMB 481.8 million in 2024.

Financial highlights

• Q4 2025 revenue reached RMB 750.7 million, up 46.1% year-over-year and 84.4% quarter-on-quarter, with gross margin at 28.5%.

• Full-year gross margin improved to 26.5% from 17.2% in 2024; gross profit rose 81.3% to RMB 514.2 million.

• Adjusted net loss (non-IFRS) for 2025 was RMB 53.5 million, a substantial improvement from RMB 395.6 million in 2024.

• Cash and cash equivalents at year-end 2025 were RMB 2,618.9 million.

• Robotics and others revenue surged 257.7% to RMB 709.8 million in 2025; ADAS revenue declined 17.2% due to lower ASP.

Outlook and guidance

• 2026 revenue mix expected to be roughly 50/50 between ADAS and robotics, with confident growth outlook.

• Anticipates LiDAR sales volume in both ADAS and robotics to increase 2–3x year-over-year in 2026.

• Robotics LiDAR shipments targeted at 800,000–1,000,000 units in 2026, with lawnmower segment at 450,000–600,000 units.

• Annual production capacity for 4 million LiDAR units established to support future growth.

• Continued investment in innovation and new product launches, especially in robotics and AI manipulation solutions.