<img src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056093041829172508728.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056093041829172508728.jpeg"/>
Leidi Network, Lei Jianping, March 31
Beijing GEEKPLUS Technology Co., Ltd. (abbreviated as &#34;GEEKPLUS&#34;, stock code: 2590) released its financial report yesterday. The report shows that GEEKPLUS's revenue in 2025 reached 3.171 billion yuan, a 31.6% increase compared to 2.4 billion yuan in the same period last year.
<img src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056092537143175383681.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056092537143175383681.jpeg"/>
GEEKPLUS stated that the company's revenue from countries/regions outside mainland China reached 2.387 billion yuan in 2025, accounting for 75.3% of total revenue, with a gross margin of 46.6%. The high revenue growth is mainly attributed to the large-scale sales of the company's robotic solutions, continuous upgrades in standardized capabilities, coupled with strong global market demand and steadily increasing customer repurchase rates, collectively driving high-quality revenue growth.
<img src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056091960580242644427.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056091960580242644427.jpeg"/>
GEEKPLUS's gross profit in 2025 was 1.125 billion yuan, an increase of 34.4% compared to 837 million yuan in the same period last year.
GEEKPLUS's adjusted net profit for 2025 was 43.82 million yuan, compared to an adjusted loss of 92.24 million yuan in the same period last year, a significant improvement compared to 2024, increasing by 136 million yuan, mainly due to the expansion of revenue scale, which drove the increase in gross profit, achieving a turnaround from loss to profit.
New signed orders in 2025 amounted to 4.1 billion, a year-on-year increase of 31.7%.
<img src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056091380891957148510.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056091380891957148510.jpeg"/>
GEEKPLUS's globalization strategy continues to advance. By the end of 2025, GEEKPLUS had delivered over 72,000 robots to more than 40 countries and regions worldwide, serving approximately 950 end customers, including over 80 Fortune Global 500 clients, with a repurchase rate of about 78% among major clients. The company added over 90 new channel partners throughout the year.
GEEKPLUS's global service network has been further solidified, establishing over 60 service stations and partner sites, and 12 global spare parts centers, equipped with hundreds of professional engineers to enhance global market competitiveness through an efficient service system
GEEKPLUS signed new orders worth 4.137 billion yuan in 2025, a year-on-year increase of 31.7%. Among these, orders from countries/regions outside mainland China accounted for nearly 80%, an increase of nearly 40% compared to the same period last year, with the Americas region growing over 50%; additionally, orders from subscription services grew by over 90%.
The core driving factors for GEEKPLUS's rapid order growth in 2025 are:
<ol>
<li>
AI technology empowering system upgrades: AI technology is widely used in upgrading goods-to-person systems, leading to continuous improvements in RMS's robot scheduling capabilities and WES's order forecasting and inventory optimization strategies, thereby achieving differentiated competitiveness and better winning over customers; at the same time, relying on the AI-assisted IOP data intelligence service platform, it indicates that customers have achieved better digital operations and AI-assisted decision-making, enhancing the operational efficiency of the warehousing supply chain and customer stickiness, resulting in a surge in subscription service orders.
</li>
<li>
Embodied technology creating differentiated advantages: Relying on self-developed embodied intelligent technology to create robotic picking without human presence, enhancing the company's technological brand strength while providing global core customers with a comprehensive path to achieve unmanned warehouses and further deepening potential opportunities for joint innovation, gaining more favor from core customers, fully upgrading strategic cooperation, thereby enhancing customer stickiness and achieving scaled repurchases, opening new space for sustained growth.
</li>
<li>
Expansion of new tracks in emerging markets: Strategic layout in emerging markets such as Latin America and Eastern Europe, winning multiple orders worth over 100 million yuan, injecting new momentum for sustained high growth in orders; at the same time, relying on the rapid iterative upgrades of core product solutions, breakthroughs have been achieved in new sub-sectors such as food and beverage outside traditional advantageous industries like e-commerce, fast-moving consumer goods, and third-party logistics, providing more comprehensive support for rapid order growth.
</li>
</ol>
Significant positive cash flow from operating activities
In 2025, GEEKPLUS's net cash inflow from operating activities was 85.7 million yuan, a significant improvement from a net cash outflow of 108 million yuan in 2024, mainly due to improved operating profits and continuous enhancement of working capital capabilities.
<img src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056090787147981396697.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://leidinews-1256465536.cos.ap-chengdu.myqcloud.com/u_News/20260331/6391056090787147981396697.jpeg"/>
As of December 31, 2025, GEEKPLUS held cash and cash equivalents of 2.975 billion yuan, with total cash and cash equivalents and time deposits amounting to 3.155 billion yuan, an increase of approximately 2.419 billion yuan compared to about 736 million yuan on December 31, 2024.
The increase in total time deposits and cash and cash equivalents is mainly due to the significant positive cash flow from operating activities and the increase in funds raised from the initial public offering.
Abundant and robust positive cash flow provides financial support for GEEKPLUS's global business expansion and increased investment in research and development
GEEKPLUS stated that it will focus on the strategic main line of developing and commercializing embodied intelligence technology by 2026, continuously expanding its technological moat, focusing on the large-scale application of general-purpose humanoid robots and AI technology in warehousing, and fully promoting the global implementation of fully automated warehouses; continuously consolidating its global market layout, deepening its customer base and brand image; and attracting and cultivating top global talent.
———————————————

02590

GEEKPLUS Technology Co., Ltd. (Stock Code: 2590) released its financial report, projecting revenue of CNY 3.171 billion in 2025, a year-on-year increase of 31.6%. The gross margin is 46.6%, with a gross profit of CNY 1.125 billion and a net profit of CNY 43.82 million, turning around from a loss of CNY 92.24 million in the same period last year. The new signed order amount is CNY 4.137 billion, a year-on-year increase of 31.7%. The globalization strategy continues to advance, having delivered over 72,000 robots to more than 40 countries and regions, with a customer repurchase rate of approximately 78%

GEEKPLUS expects revenue of 3.17 billion in 2025: a year-on-year increase of 32% with adjusted net profit turning positive