OneRobotics (Shenzhen) Co., Ltd. reported unaudited interim results for the six months ended 30 June 2026, highlighting strong top-line expansion driven by new product launches and rapid overseas growth, offset by currency headwinds and heavier research spending that led to a net loss.

Revenue climbed 31.8% year on year to RMB 522.39 million, propelled by the commercial rollout of the humanoid home robot onero H1 and first-time half-year contributions from the Acemate sports robot and Kata Friends companion robot. Home embodied AI robotic systems contributed 86.8% of sales, rising 30.0% to RMB 453.46 million. Other smart-home and emerging AI products generated RMB 68.93 million, up 45.3%.

Geographically, sales momentum shifted further toward higher-income regions. European revenue nearly doubled to RMB 134.42 million, lifting its share of total sales from 17.2% to 25.7%. North America advanced 85.7% to RMB 85.76 million, representing 16.4% of group revenue. Asia, led by Japan, remained the largest region at RMB 299.74 million but its share fell to 57.4%.

Gross profit increased 22.5% to RMB 263.12 million, though gross margin retreated 3.8 percentage points to 50.4% as the Japanese yen and U.S. dollar weakened against the renminbi, compressing foreign-currency revenue when translated into RMB.

Operating expenses jumped, reflecting accelerated commercialisation and technology investment. Selling and distribution costs rose 62.9% to RMB 174.06 million on channel expansion and product launches, accounting for 33.3% of sales. Research and development expenditure surged 73.3% to RMB 101.72 million, or 19.5% of revenue, as the company advanced its OneModel 1.7 World Action Model and broadened multi-embodiment development. Administrative costs were broadly stable at RMB 30.30 million.

Currency volatility was a decisive drag on earnings. Net foreign-exchange loss reached RMB 42.70 million, reversing a RMB 6.10 million gain a year earlier, mainly due to yen, U.S. dollar and Hong Kong dollar depreciation versus RMB. Forward contracts generated RMB 33.78 million in gains, partially cushioning the impact. Overall, OneRobotics swung to a loss attributable to shareholders of RMB 35.53 million from a RMB 27.90 million profit in H1 2025.

Inventory build-up for new products, higher receivables and lower contract liabilities turned operating cash flow to a RMB 164.66 million outflow versus a RMB 29.23 million inflow a year earlier. Cash and bank balances stood at RMB 1.48 billion at 30 June 2026, supplemented by RMB 118.00 million in structured deposits. Total equity reached RMB 1.79 billion, while interest-bearing debt rose to RMB 335.09 million, lifting the debt-to-equity ratio to 24.9%.

Strategic deployment along the “OneRobotics Embodied Intelligence Chain” continued. The company invested RMB 240.56 million for a stake in Hitbot Technology to bolster end-effector capabilities, and initiated a staged US $40.54 million acquisition of Canada-based Nanoleaf; US $13.53 million was completed by period-end to enhance North American and European channel reach.

Since its December 2025 Hong Kong listing, aggregate net proceeds of HK$1.77 billion have been allocated primarily to R&D (HK$1.18 billion earmarked), global marketing (HK$349.63 million), partial debt repayment and working capital. As of 30 June 2026, HK$545.53 million had been deployed, leaving HK$1.22 billion unspent.

Management reiterated its strategic focus on the “One Brain, Multiple Embodiments” architecture, aiming to enhance model generalisation, scale data infrastructure, and accelerate commercial rollout of the H1 humanoid, Acemate and Kata Friends across home service, sports and companionship markets. No interim dividend was declared.