ASD: Embodied AI Robot Business Remains at an Early Stage

According to Jin10, ASD said its shares fell by a cumulative more than 20% over three consecutive trading days on September 9, 2026, September 10, 2026, and September 11, 2026. The company said its main businesses are cookware, small home appliances, and industrial robots, that revenue in the first half of 2026 was 1.351 billion yuan, and that net loss attributable to the parent company was 93.4142 million yuan. It added that its embodied AI robot business remains at an early stage, with sales revenue of only 137,200 yuan so far, and that it expects no material impact on this year's financial condition or operating results, while technology iteration, project implementation, and commercialization remain uncertain.