Humanoid Robot Concept Stocks Insight | EXCELLAND ROBOT (03231.HK) down 1.10%, RaaS adoption rises in commercial cleaning robots
- The 140th Canton Fair service robot zone runs from 15 October to 4 November.
- Consumer-grade robots can be sold on site at the fair.
- CSC noted that supply chain firms are advancing factory audits and volume production, with robot makers expanding deployment scenarios.
NewTimeSpace News, on 21 October 2026, humanoid robot stocks pulled back, and EXCELLAND ROBOT (03231.HK) weakened. As of 13:06, the company quoted HKD 34.320, down 1.10%.
On the news front, the company has no recent news of its own; within the sector, on 20 October 2026 industry research showed that commercial cleaning robots cut labour costs in commercial settings by an average of 28% and raise cleaning efficiency 1.8 times, and that monthly Robot-as-a-Service (RaaS) arrangements have been widely adopted by hotel chains and large property management groups, with the company's RaaS revenue rising to 17.2% of total revenue in the first half of 2026.
In addition, on 20 October 2026 the service robot zone of the 140th Canton Fair showed that consumer-grade robots can be sold on site, while industrial-grade products still need more than six months of solution development, and leading companies remain cautious on overseas capacity planning.
CSC noted that the humanoid robot sector is seeing catalysts at home and abroad, supply chain companies are advancing factory audits and volume production, and robot makers continue to expand deployments across industrial and commercial scenarios, with shipments growing in step.
EXCELLAND ROBOT (03231.HK) focuses on the development, manufacturing and commercial deployment of commercial service robots, with products covering indoor delivery, high-capacity indoor transfer, delivery within enclosed parks, indoor and outdoor cleaning and unattended retail. The company also provides industry-applied AI vision model solutions and serves customers including hotels, office buildings, shopping malls, hospitals and industrial parks under Robot-as-a-Service (RaaS) and leasing arrangements. Based on 2025 revenue, the company is China's third largest supplier of commercial service robot products with a market share of 8.9%, and had cumulatively delivered more than 114,600 robots to over 5,100 customers worldwide as of 31 March 2026.
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