LDROBOT (01236) released its unaudited interim results for the six months ended June 30, 2026, on August 24, showing a substantial leap in revenue and profitability. The company posted total revenue of approximately RMB 520 million, marking a year-on-year increase of about 35.2%, while gross profit climbed to roughly RMB 150 million, up 53.2% from the prior corresponding period.

The faster growth in gross profit relative to revenue lifted the company's gross margin by 3.4 percentage points year-on-year to approximately 28.8%. Management attributed this margin expansion primarily to a surge in sales of higher-margin DTOF radar sensors and robot mowers, which raised the revenue share of premium products in the overall mix. Meanwhile, the company's debt-to-asset ratio improved from roughly 45.5% at the end of 2025 to about 31.8%, further supported by net proceeds of approximately HKD 810 million (around RMB 700 million) raised from its H-share listing in May, keeping its financial position solid and secure.

Where the growth is coming from

The standout driver behind this performance was the scaling of the smart robot mower business. Sales from this category reached about RMB 200 million during the reporting period, a robust 159% increase year-on-year, signaling that the company's second growth curve is taking shape rapidly. As robot mower shipments accelerated, total overseas revenue also hit roughly RMB 200 million, up 225.5% compared to the same period last year, with its share of total revenue jumping from around 16.1% to approximately 38.8% year-on-year.

In its sensing business, the company continued to fortify its technological leadership. DTOF lidar shipments surpassed four million units in 2025, ranking first in the industry. During the first half, revenue from sensors came in at approximately RMB 210 million, down about 9.6% year-on-year, a decline driven by a strategic move to phase out low-end triangulation radar products and optimize the product lineup. That shift paid off as DTOF radar revenue grew roughly 43.8%, lifting its contribution to sensor income from about 43.9% to 69.8%. Revenue from algorithm modules also advanced to approximately RMB 100 million, up 31.2% from a year earlier.

A broader global footprint

The company also made significant strides in overseas brand building and channel expansion during the period. On the brand front, its robot mower label ANTHBOT unveiled its third-generation M-series and N-series products at the 2026 CES event in the United States, earning multiple international innovation awards. In June 2026, the company signed world-class goalkeeper Marc ter Stegen as the global brand ambassador for ANTHBOT.

On the distribution side, as of June 30, 2026, products had been sold to more than 50 countries and regions, with partnerships established with over 100 channel and business collaborators. The company secured placement in more than 1,000 offline retail stores, including leading DIY and building materials chains across Germany, France, Denmark, and Switzerland, and gained entry into major global and regional e-commerce platforms such as Amazon, OTTO, and eBay. An integrated online-offline global sales and service network is now taking shape.

Looking ahead, LDROBOT intends to deepen its focus on the physical AI arena, pushing forward the convergence of multimodal sensing and artificial intelligence while gradually evolving into a spatial intelligence platform company. The robot mower product line will be continuously upgraded, expanding from basic mowing to full-lifecycle lawn care and courtyard collaboration scenarios. At the same time, the company will accelerate its overseas brand strategy, aiming to build a top-tier global brand in tech-driven exports. To support long-term strategic upgrades, the company will also pursue investments and acquisitions in cutting-edge sensing technologies and continue to cultivate an internationally oriented talent pool.