Geekplus Posts 25.3% Revenue Growth in First Half as Net Loss Widens

Geekplus reported first-half 2026 revenue of 1.28 billion yuan, up 25.3% year on year, with new orders rising 35.5% to 2.38 billion yuan and gross margin improving to 35.8%, according to Jiemian News. Net loss widened to 180 million yuan from 50 million yuan a year earlier, while adjusted net loss narrowed 32.1% to 60 million yuan after excluding foreign-exchange and share-based payment items. The company said warehouse fulfillment remained its core business, generating 1.20 billion yuan in revenue, or 93.6% of the total, while industrial handling revenue rose 34.4% to 80 million yuan. Overseas markets accounted for more than 75% of revenue, and overseas gross margin reached 46.2%. Geekplus also said it served more than 1,000 end customers, maintained a repeat purchase rate above 80%, and had cumulatively shipped more than 81,000 robots. Cash flow remained under pressure. Operating cash outflow widened to 290 million yuan from 110 million yuan a year earlier, while accounts receivable and notes rose to 1.11 billion yuan from 960 million yuan at the end of 2025, inventory increased to 870 million yuan from 800 million yuan, and prepayments and other receivables climbed to 390 million yuan from 240 million yuan. Geekplus said its embodied-intelligence push is still in the commercialization stage. The company launched products including the Gino 1 humanoid robot and the Gravity framework, but did not disclose order values, shipment volumes or revenue contribution for those products. Co-founder Chen Xi said in July that Gino 1 is planned to enter small-batch production and delivery in the third quarter, with customer proof-of-concept trials to follow.