Siasun Robot's First-Half Loss Widens to 189M Yuan, Shares Fall 20% This Year

On August 23, Siasun Robot and Automation (300024) published its half-year report for 2026, revealing operating revenue of 1.451 billion yuan, down 12.6% year-over-year. The company's net loss attributable to shareholders widened to 189 million yuan, compared with a loss of 95.36 million yuan a year earlier. The loss after deducting non-recurring items also expanded, signaling deteriorating core profitability.

This marks the sixth consecutive half-year period of losses, meaning the firm has been in the red for two and a half years. Despite the strong market interest in robot stocks on A-shares, the company's share price has declined nearly 20% so far in 2026, reflecting investor wariness about its ability to reverse losses. The widening deficit comes even as the company remains a leading player in China's industrial robot sector, underscoring the difficulty of turning technological leadership into financial gains.

The report serves as a reality check for the robot industry. While demand for automation continues to grow, intense competition, rising material costs, and heavy R&D investment are squeezing margins. For many robot makers, profitability may remain elusive until scale effects kick in and product portfolios mature. Siasun's performance exemplifies the broader challenge facing the sector, where hype often outpaces earnings.