GEEKPLUS-W Shares Climb Over 4% Following Launch of Universal Humanoid Warehouse Robot

Stock News
Feb 12

GEEKPLUS-W (02590) saw its shares rise more than 4%. At the time of writing, the stock was up 4.53%, trading at HK$27.7, with a turnover of HK$88.862 million. The movement follows the company's recent launch of Gino 1, described as the world's first general-purpose humanoid robot designed for warehouse operations. Reports indicate that Gino 1 not only meets customer requirements for reliability and efficiency but also offers superior cost-effectiveness, making clients more inclined towards commercial deployment and accelerating the product's path to real-world application. The product is already capable of mass production and can be rapidly scaled for large-scale deployment, laying the groundwork for the widespread adoption of fully automated warehouses. Analysts at Cinda International believe that given the group's extensive experience and customer relationships in the warehouse fulfillment industry, Gino 1 could be deployed in the short term. The firm noted that GEEKPLUS-W is an embodied AI company with clear application scenarios and a rich customer base. The current share price implies a 2026 price-to-sales ratio of 7.4 times. Should Gino 1 gain customer acceptance and profitability improve gradually, a valuation re-rating could be anticipated.

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