---
title: "CICC Cuts DOBOT  TP 34% to HKD40, Collaborative Robots Accelerate Growth as Embodied AI Enters Volume Expansion Phase"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296978124.md"
description: "CICC cut DOBOT's target price by 34% to HKD40, maintaining an 'Outperform' rating. The broker raised 2026 revenue forecasts due to accelerated collaborative robot growth and embodied AI expansion, but widened the projected net loss from RMB12m to RMB174m owing to increased R&D and forex losses. First-half revenue surged 106.6% YoY to RMB316m, exceeding expectations despite higher-than-expected losses."
datetime: "2026-08-26T02:46:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296978124.md)
  - [en](https://longbridge.com/en/news/296978124.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296978124.md)
generator: "portal-rs"
---

# CICC Cuts DOBOT  TP 34% to HKD40, Collaborative Robots Accelerate Growth as Embodied AI Enters Volume Expansion Phase

CICC published a report stating that DOBOT (02432.HK) -0.440 (-1.783%) Short selling $10.03M; Ratio 13.809% saw accelerated growth in collaborative robots, while embodied AI entered a volume expansion phase. Its 1H26 revenue reached RMB316 million, up 106.6% YoY, while net loss amounted to RMB108 million. The company's revenue performance exceeded the broker's expectations, while profitability came in below its previous forecast. Revenue outperformance was mainly driven by the continued penetration of collaborative robots and the accelerated commercialization of embodied AI business. The wider loss was mainly due to increased investment in embodied AI research and development as well as higher temporary foreign exchange losses.

Given that demand for collaborative robots and progress in humanoid robots were faster than previously expected, the broker raised its 2026 revenue forecast by 7.8% to RMB811 million. Due to increased investment in embodied AI research and development and sales, it lowered its profit forecast and widened its projected 2026 net loss from RMB12 million to RMB174 million. It also newly introduced a 2027 revenue forecast of RMB1.077 billion and a net loss forecast of RMB67 million. The broker cut the company's target price by 34% to HKD40 and maintained an Outperform industry rating. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-25 16:25.)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**