--- title: "LDROBOT's First Interim Report Since Listing: Revenue Up Over 30%, Rising Expenses Turn Profit into Loss" type: "News" locale: "en" url: "https://longbridge.com/en/news/296779066.md" description: "Increased Investment in R&D and Overseas Marketing" datetime: "2026-08-24T11:18:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296779066.md) - [en](https://longbridge.com/en/news/296779066.md) - [zh-HK](https://longbridge.com/zh-HK/news/296779066.md) generator: "portal-rs" --- # LDROBOT's First Interim Report Since Listing: Revenue Up Over 30%, Rising Expenses Turn Profit into Loss On August 24, LDROBOT (01236.HK) disclosed its first interim results since listing. As of June 30, 2026, the company's revenue for the first half of the year was approximately RMB 523 million, a year-on-year increase of 35.2%; the loss during the period was RMB 42.101 million, compared to a loss of RMB 13.78 million in the same period of 2025; the adjusted net loss was RMB 15.507 million, whereas the same period last year recorded an adjusted net profit of RMB 2.178 million. While revenue continued to grow, the company's profitability came under pressure again. However, from the perspective of gross profit, LDROBOT's product structure is still improving. The overall gross margin for the first half of the year was 28.8%, an increase of 3.4 percentage points year-on-year. The company explained that this was mainly due to increased sales of products with higher gross margins, such as DTOF LiDAR and intelligent lawn mowing robots. In other words, the turn to a loss in profit was not caused by a decline in gross margin, but rather by increased expense investment, which was a more direct influencing factor. Among these, intelligent lawn mowing robots are becoming the most significant source of incremental revenue. Sales revenue from this business grew by 159.1% year-on-year in the first half of the year, significantly faster than the company's overall revenue growth rate. The company stated that revenue growth was also driven by the continuous expansion of overseas markets. This change continues the business structure adjustment of the past two years. The prospectus showed that in 2025, LDROBOT's revenue from visual perception products was approximately RMB 606 million, accounting for 81.1% of total revenue; revenue from intelligent lawn mowing robots was approximately RMB 137 million, with its share increasing from 5.0% in 2024 to 18.3%. The gross margin for lawn mowing robots reached 42.3% in 2025, which was also higher than the 20.4% and 26.0% for sensors and algorithm modules, respectively, during the same period. However, extending from being a supplier of upstream visual perception products to a complete machine brand has also changed the company's expense structure. Lawn mowing robots require investments in brand promotion, e-commerce platforms, overseas channels, and after-sales service. In 2025, LDROBOT's sales and marketing expenses increased by 158.6% year-on-year to RMB 81.2 million, and Research and Development Expenses grew by 27.6% to RMB 121 million. At that time, the company attributed the growth mainly to the marketing of lawn mowing robots and the expansion of the related R&D team. This trend continued into the first half of this year. LDROBOT stated that the adjusted loss was mainly due to the strategic increase in Research and Development Expenses for new technologies, as well as increased investment in brand marketing for lawn mowing robots. Judging from recent moves, the scope of the company's R&D is also expanding. In June, LDROBOT signed a strategic cooperation agreement with Youjia Innovation, planning to carry out technical and product cooperation in areas such as physical AI, embodied intelligence, and world models. It should be noted that LDROBOT's profitability foundation was previously unstable. Although the company achieved an adjusted net profit of RMB 2.178 million in the first half of 2025, the full-year adjusted net loss for 2025 was still RMB 26.089 million. The prospectus showed that the company's adjusted net losses from 2023 to 2025 were RMB 55.776 million, RMB 44.657 million, and RMB 26.089 million, respectively, with the loss generally narrowing during this period. The market for lawn mowing robots is still in a phase of expansion. IDC data shows that global shipments of lawn mowing robots were approximately 1.99 million units in 2025, a year-on-year increase of 63.8%. However, as Chinese consumer electronics and robotics companies continue to enter the market, competition in products, channels, and brands is intensifying simultaneously. Therefore, LDROBOT's current financial report presents a clear two-sided picture: on one hand, revenue and gross margin continue to grow, with lawn mowing robots becoming a new business pillar; on the other hand, to establish a complete machine brand and continue betting on new technologies, the company has renewed its increased investment in R&D and sales. For the company, the more noteworthy aspect for the next stage is not whether revenue can continue to grow, but whether the improvement in gross margin can gradually cover the R&D, channel, and brand investments as the scale of lawn mowing robots expands, and ultimately translate into more stable profitability. ### Related Stocks - [01236.HK](https://longbridge.com/en/quote/01236.HK.md) ## Related News & Research - [LDRobot Boosts Revenue on Robot Lawn Mowers but Maintains Strategic R&D-Driven Loss](https://longbridge.com/en/news/296759955.md) - [Amazon plots a new 'Tetromino' warehouse where robots tackle work that's notoriously hard to automate](https://longbridge.com/en/news/296821913.md) - [Money Managers Turn Bullish On China Despite Mounting Economic Woes](https://longbridge.com/en/news/296554795.md) - [AIxCrypto targets North America’s largest robot-sharing marketplace, starting with 80-plus robots in 90-day rollout plan](https://longbridge.com/en/news/296784698.md) - [08:40 ETAmericas Cardroom Pro Alex Foxen Leads GPI Player of the Year Race](https://longbridge.com/en/news/296789893.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**