Sep 10, 2026 earnings call — Cloud AI and robotics driving revenue mix
Cloud and AI infrastructure revenue reached RMB 59 million and accounted for 22% of total revenue.
Revenue $0.0B (est $0.2B) · EPS $-0.42 (est $0.64)
Key quotes
"In the second quarter, services of cloud and the AI infrastructure revenue were RMB 59 million, up 83% year-over-year and 26% quarter-over-quarter."
"Revenue from Robotics and others was RMB 55 million, up 73% year-over-year and 6% quarter-over-quarter."
"Taking together revenue from services of cloud and AI infrastructure and our Robotics and other segment, accounted for about 43% of total revenue this quarter compared with 38% in the previous quarter and 22% in the same period last year."
Analyst Q&A 4
product plans and sales growth
Q (Jefferies): Analyst asked about the company's product plans and expected sales growth, including in banking.
A: Management said their smart wheelchair has started to contribute revenue and is treated as a mobile robot that gives assisted driving to users. They said the project is still early, selling overseas, and they are not ready to disclose sales revenue yet; they see a large high-end wheelchair market and partnerships with top manufacturers.
smart wheelchair technology and market
Q: Analyst asked why the company made the smart wheelchair and how the product works and sells.
A: Management explained they built on robot technology like navigation, obstacle avoidance, and environmental perception, and view the wheelchair as a mobile robot rather than a traditional wheelchair. They said certifications and overseas channels take time, they aim for cost-effective assisted driving, and they have formal cooperation with top traditional wheelchair makers.
AI infrastructure competitive advantages
Q (Cheng Ru Li · Guoyuan): Analyst asked what the company's core competitive advantages are in AI infrastructure and how client demand will evolve.
A: Management said they are optimistic about rapidly growing AI infrastructure demand. They said their biggest advantages are being customer-oriented and offering differentiated services from training to deployment, plus long-term partnerships with Amazon, Google and others and strong delivery and technical capabilities.
"So I think our biggest competitive advantage is that we have highly differentiated services." — Unknown Executive
valuation, strategic options, robotics profitability
Q (Haitong International): Analysts asked about the valuation gap and whether the company will seek strategic investors, spin-offs, or other capital actions; they also asked when robotics can reach profitability and about 2C agent product plans.
A: Management said they are monitoring capital market feedback and are open to options such as external financing, strategic investors, industrial cooperation, or independent capital operations when appropriate, but there are no specific transactions to announce now. They said the priority is to grow cloud, AI infrastructure, robotics and enterprise services, improve disclosure, and enhance shareholder value. On robotics, they said some robotic arms are already profitable while other commercial robots need market acceptance and channels; on 2C agent products they focus on 2B first but are exploring lightweight, AI-native 2C projects that prove user retention and word-of-mouth.
"We will also closely monitor the development of the industry and the capital market, actively evaluating various possibilities that can help business development and enhance shareholder value." — Thomas Chong