Kaierda 2026 Interim Report: Robot Business Scales Up, Net Profit Turns Positive but Cash Flow Turns Negative

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โดย 于工业机器人业务·CN·Read original
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Kaierda released its 2026 interim report. The company achieved operating revenue of 425 million yuan, up 34.73% year on year. Net profit attributable to the parent company was 28 million yuan, a sharp year-on-year increase of 1,095.30%. Non-GAAP net profit was 24 million yuan, compared with a loss of 3 million yuan in the same period last year, successfully turning losses into profits. However, net cash flow from operating activities was negative 6 million yuan, a sharp decline from 110 million yuan in the same period last year, mainly because the increase in cash paid for purchasing goods and receiving services was higher than the increase in cash received from sales. In terms of business structure, the industrial robot business achieved sales revenue of 302 million yuan, up 39.04% year on year, accounting for more than 70% of total revenue. Industrial welding equipment achieved sales revenue of 96 million yuan, up 27.31% year on year. Industrial robot sales reached 3,385 units, up 42.77% year on year, of which self-produced robot sales were 1,406 units, up 44.21% year on year. The improvement in performance was mainly due to the recovery of downstream demand, enhanced product competitiveness, and a decline in share-based payment expenses. Looking ahead, the company faces supply chain risks such as fluctuations in raw material prices, intensifying industry competition, and reliance on Yaskawa Electric for outsourced complete robots. In addition, the closing balance of accounts receivable increased by 93.61% compared with the beginning of the period, so collection efficiency needs attention.

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