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Shares of the Chinese robotics company surged after reporting that sales of full-size androids increased 23-fold last year, fueled by the rising trend of embodied intelligence in China.
The company’s stock closed up 17.1% at HKD100.00 (approximately USD12.76) in Hong Kong today, though it still trades below its peak of HKD156.40 reached on February 20.
Last year, the firm sold 1,079 larger-than-160-centimeter AI-powered robots, generating CNY820.6 million (around USD119.2 million), accounting for 41% of total revenue. In comparison, revenue from such robots was only CNY35.6 million (USD5.2 million) in 2024, representing less than 3% of overall sales.
Revenue from other robot types, including those used for education, logistics, and specialized industry applications, declined 17% to CNY628.7 million. Meanwhile, income from other smart devices like lawn mowers, pool cleaners, and robot vacuum cleaners increased by 6% to CNY499.2 million.
The company shifted its humanoid robots from development to real-world commercial use last year. Its Walker S series, designed for industrial settings, was widely deployed across auto manufacturing, electronics, semiconductor production, and logistics. These robots perform various functions, including material handling, sorting, assembly, and quality control.
Additionally, efforts are underway to expand humanoid robot applications in education, research, and tourism sectors. For instance, the robots served as guides at the China Pavilion during the World Expo 2025 in Osaka and participated in the opening ceremony of the 15th National Games.
Overall revenue rose 53% year-over-year to CNY2 billion (about USD290.5 million), while net losses narrowed by 32% to CNY789.8 million. The gross profit margin improved from 29% to 38%, reflecting better efficiency and profitability.
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