DOBOT H1 Revenue Doubles to RMB316.32 Million as R&D Spending Drives Wider Loss

Bulletin Express
Yesterday

Shenzhen-based robotics maker DOBOT released its 2026 interim results, reporting revenue of RMB316.32 million for the six months ended 30 June 2026, a 106.6% jump from RMB153.09 million a year earlier. Gross profit reached RMB149.83 million, up 108.3% year on year, with the gross margin stable at 47.4%.

Higher investment in embodied-intelligence development lifted research and development expenses to RMB101.60 million, a 148.4% rise. As a result, the company’s net loss widened to RMB107.94 million from RMB40.87 million. On a non-IFRS basis, adjusted net loss increased to RMB64.01 million from RMB22.95 million.

Industrial manufacturing remained the largest revenue contributor, generating RMB196.65 million—62.8% of product sales—after a 142.4% surge. Revenue from embodied-AI robots reached RMB45.23 million, expanding more than twenty-fold and accounting for 14.3% of total sales. Six-axis cobots brought in RMB196.87 million, up 110.4%.

DOBOT closed the period with total assets of RMB3.10 billion and equity of RMB2.55 billion. Cash and cash equivalents stood at RMB618.31 million, while interest-bearing bank loans totaled RMB100.65 million. Capital expenditure climbed to RMB63.78 million, mainly for new office fit-out and equipment purchases.

The company reported no interim dividend and confirmed compliance with the Hong Kong Stock Exchange’s corporate governance and securities-dealing requirements. Post-period, the trustee of the H Share Award Scheme acquired 500,000 H shares for HKD13.13 million to satisfy potential share awards.

Strategically, DOBOT highlighted continued heavy R&D investment, acceleration of embodied-intelligence commercialization, and deeper overseas expansion. The Shenzhen Stock Exchange has accepted, and on 22 July 2026 approved, the company’s proposed A-share listing. Management changes during the period included the resignation of Executive Director Wang Yong and the appointment of Liu Zhufu as Executive Director and Strategy Committee member, effective 2 July 2026.

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