Kailida's H1 2026 Report: Robot Business Surges, Net Profit Turns Positive but Cash Flow Goes Negative

Kailida (688255.SH) released its 2026 half-year report on August 27, posting explosive growth in performance. The company's dual engines — industrial robots and welding equipment — drove results, benefiting from recovering downstream demand and stronger product competitiveness. Industrial robot business expanded notably, while welding equipment remained stable, jointly lifting revenue and profit. A significant drop in share-based payment expenses further padded the bottom line, helping the firm swing from a loss to a net profit during the reporting period.

However, operating cash flow turned negative during the period, reflecting increased working capital pressure. The reversal was mainly due to rapid business expansion, which tied up more funds in inventory and receivables. Despite the cash flow strain, the company said it remains confident about the second half, aiming to sustain growth by seizing market opportunities. It plans to optimize working capital management to improve cash flow while continuing to invest in R&D to consolidate its competitive edge in industrial robotics. The management expressed optimism about the industry outlook and reiterated its commitment to long-term value creation for shareholders.