GEEKPLUS-W (02590) Reports Revenue of Approximately RMB 1.025 Billion in H1, Up 31% Year-on-Year

Stock News
2025/08/29

GEEKPLUS-W (02590) announced its interim results for 2025, reporting revenue of approximately RMB 1.025 billion, representing a 31% year-on-year increase. Gross profit reached approximately RMB 360 million, up 43.1% year-on-year, while adjusted net loss narrowed significantly by 94% to RMB 11.89 million.

The company attributed the revenue growth primarily to sales of its core robotic solutions products, reflecting sustained strong demand from repeat and new end customers across key vertical sectors including e-commerce retail, fashion and fast-moving consumer goods, and third-party logistics.

As of June 30, 2025, the group's commitment to technological innovation, product quality, and long-term reliable service has gained widespread recognition and acceptance from over 850 global end customers, including more than 65 Fortune Global 500 companies. The customer repurchase rate exceeded 80%, and the company has delivered over 66,000 robots to more than 40 countries and regions worldwide.

During the first six months of 2025, the company secured orders worth approximately RMB 1.76 billion, an increase of 30.1% compared to the same period in 2024. The company continued to deepen cooperation with major clients and gain solution recognition, winning repeat orders from global multinational consumer goods companies, cross-border e-commerce companies, automotive manufacturers, and renowned European apparel companies.

Simultaneously, the company achieved breakthroughs in expanding new customers and new industries, adding over 60 new end customers and making significant progress in grocery retail and food and beverage sectors. The largest single order exceeded RMB 100 million.

Furthermore, the company accelerated channel expansion and empowerment, actively expanding its channel network to broaden market coverage and drive business growth. In the first half of 2025, the company added over 40 channel partners, establishing a solid foundation for sustained high-speed business growth.

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