Beijing-based warehouse robotics provider Geekplus reported robust top-line expansion for the six months ended 30 June 2026, underpinned by surging global orders and a resilient overseas mix.

Financial Performance • Revenue rose 25.3% year-on-year to RMB 1.28 billion (H1 2025: RMB 1.02 billion). • Gross profit increased 27.8% to RMB 459.89 million, lifting gross margin 0.7 ppt to 35.8%. • Reported net loss widened to RMB 176.53 million, primarily due to a RMB 104.58 million foreign-exchange loss and a RMB 44.50 million step-up in embodied-intelligence R&D. • After adjusting for FX, share-based payments and listing-related items, the non-IFRS net loss improved 32.1% to RMB 60.61 million. Excluding embodied-intelligence R&D spend, the adjusted loss shrank to RMB 16.10 million, an 81.9% improvement.

Commercial Momentum • New signed orders surged 35.5% to RMB 2.38 billion, with customer repurchase rate above 80%. • Pallet-to-Person solution orders grew more than 200%; subscription-based service orders expanded 75% to RMB 155.70 million, and manufacturing-scenario orders climbed over 600%. • Overseas markets contributed more than 75% of total revenue, generating a 46.2% gross margin.

Cost Structure • R&D expenses rose 27.6% to RMB 187.87 million, reflecting accelerated investment in humanoid robots and the “Geekplus Brain” embodied-intelligence platform. • Selling and marketing costs increased 15.4% to RMB 277.27 million, driven by localisation of international teams and trade-show participation. • Administrative expenses fell 26.3% to RMB 99.39 million following the completion of IPO-related activities in 2025.

Balance Sheet & Liquidity • Cash and cash equivalents stood at RMB 2.20 billion, down from RMB 2.97 billion at year-end 2025 after significant loan repayments. • Total borrowings dropped to RMB 65.40 million (31 Dec 2025: RMB 357.89 million), cutting the gearing ratio to 37.8% from 40.4%. • Net current assets totalled RMB 2.88 billion, while total employees numbered 1,176.

Capital Management • In June the company repurchased 2.62 million H-shares for HKD 30.45 million; by end-July cumulative buybacks reached 16.22 million shares for HKD 164.38 million, all held in treasury. • Of the HKD 2.81 billion IPO proceeds raised in July–August 2025, HKD 0.97 billion has been deployed, mainly into R&D, sales network expansion and supply-chain capacity, leaving HKD 1.85 billion earmarked for the same initiatives through 2030.

Operational Highlights • Total robot shipments surpassed 81,000 units across more than 40 countries, maintaining the No.1 global market share in autonomous mobile robots for a seventh consecutive year (Interact Analysis). • Flagship launches included the Gino 1 warehouse-native humanoid robot and RoboShuttle V5 Tote-to-Person system, enabling 24/7 unmanned warehouse operations.

Outlook Management will focus on three growth levers: scaling AI-enabled subscription services, commercialising next-generation products such as the climbing-type RoboShuttle Hyper for micro-fulfilment centres, and accelerating large-scale deployment of end-to-end unmanned warehouse solutions via the Gravity dual-brain framework.

No interim dividend was declared.