UBTECH ROBOTICS (09880.HK): H1 Revenue RMB 1.27bn, Up 104.2%; Full-Size Humanoid Robot Revenue Surges ~15x

NewTimeSpace News: On 24 September 2026, UBTECH Robotics Corp Ltd (the "Company") published its interim report for the six months ended 30 June 2026. The Group's operating revenue was approximately RMB 1,269.1 million (RMB 1,269,130 thousand), up about 104.2% from RMB 621.5 million (RMB 621,460 thousand) a year earlier; gross profit was about RMB 566.9 million (RMB 566,878 thousand), up about 160.8%; loss for the period was about RMB 338.8 million (RMB 338,827 thousand), narrowed about 23.0% from RMB 440.0 million (RMB 439,989 thousand); adjusted net loss (non-GAAP) was about RMB 338.8 million (RMB 338,827 thousand), against about RMB 367.8 million (RMB 367,784 thousand) a year earlier.

The announcement disclosed that by product and service type, revenue from full-size embodied AI humanoid robot products and solutions was about RMB 590.3 million (RMB 590,299 thousand), representing 46.5% of total revenue and up about 1,445.0% year on year; garden machinery, automotive and hydraulic components was about RMB 139.2 million (RMB 139,176 thousand, 11.0%); other smart robot products and solutions about RMB 245.8 million (RMB 245,754 thousand, 19.4%, down about 18.8%); and other smart hardware devices about RMB 259.4 million (RMB 259,377 thousand, 20.4%, up about 2.9%). Operating loss was about RMB 279.1 million, narrowed about 36.4% from RMB 439.1 million; adjusted EBITDA (non-GAAP) was a loss of RMB 174.1 million, against a loss of RMB 321.8 million a year earlier.

The Company stated that, due to new changes in its business, it adjusted the disclosure categories of operating revenue and added the garden machinery, automotive and hydraulic components category. During the period, credit impairment losses were RMB 91.1 million (RMB 91,070 thousand), interest income RMB 52.6 million (RMB 52,596 thousand), and depreciation and amortisation RMB 62.2 million (RMB 62,207 thousand).

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.