Shenzhen Dobot (2432) H1 2025 earnings summary

Executive summary

• Revenue reached RMB153.1 million for the six months ended 30 June 2025, up 27.1% year-over-year, driven by strong growth in six-axis cobot sales, expanded product offerings, and overseas expansion.

• Net loss narrowed to RMB40.9 million, a 31.8% improvement year-over-year; adjusted net loss was RMB22.9 million, down 34.4%.

• Launched new products including the CR30H heavy-payload cobot and DOBOT Atom humanoid robot, marking commercialization of embodied AI technology.

• Strengthened strategic partnerships, notably with Tencent Cloud and YSB, to accelerate AI ecosystem development and industry applications.

• Expanded global presence, with cumulative shipments exceeding 90,000 units and new subsidiary established in Malaysia.

Financial highlights

• Revenue increased 27.1% to RMB153.1 million compared to the same period last year.

• Gross profit rose 36.1% to RMB71.9 million; gross margin improved to 47.0% (49.4% excluding inventory write-downs).

• Net loss reduced to RMB40.9 million from RMB59.9 million; adjusted net loss (non-IFRS) was RMB22.9 million.

• Diluted/basic loss per share improved to RMB0.10 from RMB0.17.

• Total assets at 30 June 2025 were RMB1,376.6 million; total equity increased to RMB1,011.7 million.

Outlook and guidance

• Plans to accelerate commercialization of embodied intelligence, focusing on scenario-defined products and rapid technology iteration.

• Targeting deeper penetration in vertical industries and expanding global market share, especially in Europe, the U.S., and Asia-Pacific.

• Committed to global talent acquisition and building a high-quality, innovative workforce.