China Dominates Global Industrial Robot Market — Market Talk

Dow Jones Newswires

China is dominating the global industrial robot market, Morgan Stanley analysts say in a research note. Global stocks of industrial robots rose 9% in 2024 to 4.66 million units, 2 million of which belonged to China, they say. MS estimates that 55% of robots globally are produced in China. Meanwhile, collaborative robots and service robots are opening up new application scenarios enabled by generative AI, they say. Service robots have seen booming demand as well, given a shortage of workers and increased reliability in digitalized factories, they note. Among the Chinese robot producers, MS prefers Beijing Geekplus Technology and Shenzhen Inovance Technology. (sherry.qin@wsj.com)

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Geekplus Likely to Benefit From Warehouse Automation Trend — Market Talk

Dow Jones Newswires

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Chinese robotic company Geekplus Technology is likely to benefit from the trend toward warehouse automation, according to Daiwa analysts in a research note. Around 80% of warehouses globally are unautomated, creating high demand for labor-saving solutions, they note. Autonomous mobile robots are set to rapidly boost warehouse automation, and this trend has been elevated by the development of AI, they note. Daiwa initiates coverage of Geekplus with a buy rating and a 12-month target price of HK$38.00. Shares last traded at HK$31.88. (tracy.qu@wsj.com)

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Beijing Geekplus Technology Co: Revenue up 31%, net loss narrowed 91%, and adjusted EBITDA turned positive amid global expansion

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Revenue grew 31% year-over-year to RMB1,024.7 million, with gross margin rising to 35.1% and net loss narrowing by 91.3%. International sales drove growth, and adjusted EBITDA turned positive. The company completed its Hong Kong listing and is investing in AI and global expansion.

Original document: Beijing Geekplus Technology Co., Ltd. Class H [2590] Interim report — Aug. 29 2025

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Beijing Geekplus Technology Co: Revenue up 31% and net loss narrowed 91.3% year-over-year, with a successful Hong Kong IPO

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Revenue grew 31% year-over-year to RMB1,024.7 million, with net loss narrowing by 91.3% to RMB48.0 million and adjusted net loss down 94% to RMB11.9 million. Gross margin improved to 35.1%, and the company completed a successful Hong Kong IPO in July 2025.

Original document: Beijing Geekplus Technology Co., Ltd. Class H [2590] Earnings Release — Aug. 29 2025

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China Dominates Global Industrial Robot Market — Market Talk

Geekplus Likely to Benefit From Warehouse Automation Trend — Market Talk

Beijing Geekplus Technology Co: Revenue up 31%, net loss narrowed 91%, and adjusted EBITDA turned positive amid global expansion

Beijing Geekplus Technology Co: Revenue up 31% and net loss narrowed 91.3% year-over-year, with a successful Hong Kong IPO

Risk Disclosure