UBTECH Robotics Reports 104% Revenue Growth, Narrowed Losses in H1 2026
UBTECH Robotics announced its first-half 2026 results, with total revenue reaching 1.27 billion yuan, a 104.2% year-on-year increase. The company's net loss attributable to parent narrowed by 24.7%.
UBTECH Robotics, a company focused on humanoid robot development, has reported its financial results for the first half of its 2026 fiscal year, covering January to June 2026. The company's total revenue surged by 104.2% to 1.27 billion yuan. Gross profit also saw significant growth, increasing by 160.9% to 567 million yuan.
The company reported a net loss attributable to the parent company of 311 million yuan. This represents a 24.7% reduction in losses compared to the same period last year. Earnings per share also showed a corresponding improvement in loss.
The substantial revenue growth was primarily driven by the company's full-size humanoid robot products and solutions, which saw a 1445% increase in sales and accounted for 46.5% of total revenue. The gross profit margin improved to 44.7%, up from the previous year, largely due to the increased contribution from higher-margin humanoid robot business.
UBTECH Robotics has also been active in technological advancements, releasing its self-developed large model Thinker 1.0 and introducing new robot models like the CruZR Y1 for industrial use and the Walker C1 for commercial services. The company aims to accelerate the scaled application of humanoid robots across various sectors, including industry, commerce, education, and homes.