Ledong Robotics H1 Revenue Up 35% to $523M, Loss Widens

On August 24, Ledong Robotics (01236) released its interim results for 2026, showing revenue of approximately 523 million yuan, up 35.2% year-over-year. The growth was primarily driven by a significant increase in smart mowing robot sales, which surged 159.1%, along with continued expansion in overseas markets.

Gross profit reached about 151 million yuan, up 53.2% year-over-year, with gross margin improving to 28.8%. Despite the strong top-line growth, the company reported a net loss of 42.1 million yuan, widening from the previous year's loss, reflecting higher investments in R&D and market development.