RoboSense Technology Co., Ltd. released unaudited interim results for the six months ended 30 June 2026, highlighting rapid top-line growth driven by surging LiDAR shipments and an accelerating shift toward robotics, tempered by margin pressure and wider net losses.

Revenue and Profitability • Group revenue rose 30.20 % year on year to RMB 1.02 billion, propelled by a 32.91 % increase in product sales to RMB 958.00 million. • Gross profit improved 9.40 % to RMB 222.19 million, but the gross margin contracted to 21.8 % (1H 2025: 25.9 %) on lower average selling prices and higher component costs. • Operating loss narrowed to RMB 171.77 million (1H 2025: RMB 197.15 million). Net loss expanded 7.57 % to RMB 159.95 million; on a non-IFRS basis, adjusted net loss widened to RMB 122.71 million (1H 2025: RMB 114.39 million). • In 2Q 2026, revenue advanced 23.20 % to RMB 561.00 million, while gross margin slid to 21.9 % (2Q 2025: 27.7 %). Quarterly net loss nearly doubled to RMB 96.62 million.

Segment & Volume Dynamics • Total LiDAR shipments surged 169.6 % to 719,200 units in 1H 2026. – ADAS LiDAR: 436,600 units (+98.0 %). – Robotics & other applications: 282,600 units (+510.4 %), lifting robotics to “nearly half” of product revenue and becoming the main gross-profit contributor. • Design wins for mass production climbed to 186 vehicle models by 30 June and 194 models as of the results date, including 37 awards from overseas and joint-venture OEMs.

Cost Structure and Investment • R&D expenditure increased 12.17 % to RMB 346.45 million, though the R&D ratio fell to 31.2 % of revenue (1H 2025: 36.3 %). • Sales & marketing outlays rose 29.80 % to RMB 73.83 million; general & administrative costs grew 19.60 % to RMB 93.69 million. • Net finance income dropped to RMB 19.88 million (1H 2025: RMB 50.11 million) on lower interest income. • Capital expenditure escalated to RMB 238.60 million (1H 2025: RMB 39.00 million), mainly for manufacturing build-out. Capital commitments stood at RMB 179.60 million.

Balance-Sheet Highlights • Total assets were stable at RMB 5.27 billion; total liabilities increased to RMB 1.72 billion, lifting the gearing ratio to 32.6 % (FY 2025: 27.7 %). • Cash, time deposits and restricted funds amounted to RMB 2.06 billion, down from RMB 2.62 billion at year-end 2025, after a RMB 419.66 million operating cash outflow. • Current ratio eased to 3.11x from 3.84x, reflecting higher short-term borrowings and payables.

Operational and Strategic Developments • Mass-production partnerships expanded to 36 OEMs/Tier-1s, with 81 vehicle models already in SOP. • The company unveiled its second-generation fully solid-state LiDAR “E2”, powered by the in-house “Peacock” SPAD-SoC, and introduced new “Eyes” (Space Camera), “Skin” (visual-tactile and MEMS tactile sensors) and “Muscles” (joint modules) product lines aimed at embodied-robot markets. • Robotics revenues, supported by booming LiDAR demand in industrial and consumer sectors, are now a core pillar of growth, with full-scale roll-outs of Space Camera and tactile sensors slated to begin in 2H 2026.

Dividend and Share Buy-back No interim dividend was declared. During the period, RoboSense repurchased 215,000 shares for approximately HK$5.00 million; 12.48 million shares remain held as treasury stock.

Outlook Management targets continued LiDAR volume growth, further chip iteration under the EOCENE architecture, and initial mass deliveries of new robotics components in 2H 2026. The company reiterates its strategy to evolve from a LiDAR supplier into a broader robotics-technology platform, leveraging “eyes, skin and muscles” to diversify revenue streams and support future profitability.