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Guangzhou Shangpin Home Collection Co Ltd

Guangzhou Shangpin Home Collection Co., Ltd., together with its subsidiaries, produces and sells customized whole-house panel furniture in China and internationally. It also provides design software and IT solutions to companies in the home furnishing industry, as well as is involved in research and development, and technical services for solutions; and supply decoration materials and related home furnishing products to home decoration companies. The company was formerly known as Guangzhou Shangpin Zhaipei Household Products Co., Ltd. and changed its name to Guangzhou Shangpin Home Collection Co., Ltd. in August 2012. Guangzhou Shangpin Home Collection Co., Ltd. was founded in 2004 and is headquartered in Guangzhou, China.

Price · split & dividend adjusted
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300616.CS

Shangpin Home Collection posts first-half loss of 233 million yuan, approaching last year's full-year figure

Shangpin Home Collection released its half-year report on August 26, showing first-half operating revenue of 1.18 billion yuan, down 24.2 percent year on year, and a net loss attributable to the parent company of 233 million yuan, compared with a loss of 80.67 million yuan in the same period last year, widening the deficit further. The company lost 215 million yuan in 2024 and 248 million yuan in 2025, meaning this year's first-half loss is already close to last year's full-year level. The company attributed the revenue decline mainly to the impact of the real estate sector, with the furniture industry's overall gross margin falling to 20.44 percent, a sharp year-on-year drop of 12.65 percentage points. Facing the industry shift, the company is positioning itself in new areas such as AI-driven smart solutions and embodied intelligence, but these businesses are still in the research and development and market promotion stages and carry the risk that expansion may fall short of expectations.
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Robotics & Physical AI

Shangpin Home Collection Half-Year Report: Revenue of 1.177 Billion Yuan, Accelerating AI and Embodied Intelligence Deployment

Shangpin Home Collection released its 2026 half-year report, achieving operating revenue of 1.177 billion yuan in the first half of the year. Facing weak demand in the home furnishing industry and intensifying competition, the company has adhered to its positioning as a provider of technology-driven home living solutions and is making every effort to deploy new tracks in AI intelligence and embodied intelligence. In terms of AI, the company has iterated and upgraded its self-developed multi-agent platform, linked it with the K20 design platform, and opened up the full chain of intelligence from floor plan analysis to production and manufacturing. In the field of embodied intelligence, Shangpin Home Collection has joined hands with Qiyuan Robotics to explore a robot-friendly home model, promote the large-scale implementation of personal robots, and deploy offline experience showrooms as well as physical AI embodied data DaaS business, building a ten-million-level spatial data foundation and opening up a second growth curve. The company is transforming from a traditional home furnishing service provider into an enterprise focused on embodied intelligence scenarios and data technology.
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Artificial Intelligence

Shangpin Home Collection and SWANCOR’s Qiyuan Robot Forge Strategic Partnership to Build China’s First Robot-Ready Home Ecosystem

Shangpin Home Collection and SWANCOR have officially signed a strategic cooperation agreement. The two sides will engage in deep collaboration around SWANCOR’s globally leading consumer-grade embodied intelligence brand, Qiyuan Robot, to jointly build China’s first Robot-Ready Home ecosystem and open up a new track for physical AI embodied data. Shangpin Home Collection Group Chairman Li Lianzhu, Brand Co-General Manager Zhou Weijia, along with SWANCOR CEO Tian Hua and Global Marketing and Service President Zhang Peng, attended the signing ceremony. This cooperation marks the first full-chain, deep ecological collaboration between China’s home furnishing industry and the consumer humanoid robot sector, signaling Shangpin Home Collection’s official strategic upgrade from a traditional whole-house customization service provider to a technology-driven home furnishing and embodied intelligence scenario data enterprise. Leveraging Shangpin Home Collection’s accumulated database of over 3 million real floor plans, more than 30 million design solutions, and its self-developed 3D simulation technology, combined with Qiyuan Robot’s fully self-developed transformable humanoid robot and the ViLLA home embodied large model, the partnership will integrate the full lifecycle requirements of robot navigation, environmental perception, and task execution into the foundational design logic from the very start of whole-house design. It will also establish a comprehensive service system covering scenario construction, simulation training, and compliant dataset output, filling the gap in home training data for the industry.
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Robotics & Physical AI

Shangpin Home Collection Partners with Qiyuan Robotics to Accelerate Embodied AI in Everyday Home Life

Shangpin Home Collection has entered a strategic partnership with Qiyuan Robotics to jointly promote the deployment of humanoid robots in home settings. The two parties will establish two flagship experience showrooms in Guangzhou. In August this year, a 400-square-metre personal robot experience showroom will open at the Zhengjia store, and in October, an 800-square-metre showroom will be completed at the Qijiang Hui headquarters in Financial City, which will become Qiyuan Robotics' largest experience store globally. The collaboration will leverage Shangpin Home Collection's full-chain digital technology and whole-house customisation design system to build a Robot-Ready Home technology living ecosystem, and expand into the physical AI robot data sector, accelerating the entry of humanoid robots into daily scenarios such as home companionship and elderly care.
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