Physix Frontier · News Briefing Card (TMTPost · Oct 15, 2026)

DEEP Robotics turns to loss in H1 2026, sells only 6 humanoid robots

KEY FACTS

DEEP Robotics reported H1 2026 revenue of 259 million yuan and a net loss attributable to shareholders of 8.8063 million yuan.
The company had just turned profitable in full-year 2025 with 28.684 million yuan in net profit, only to fall back into loss six months later.
In the first half, it sold only 6 humanoid robots, generating less than 5 million yuan in revenue.
Quadruped robot dogs remain the revenue mainstay, with the average price of the Jueying X series falling from 287,500 yuan to 228,200 yuan.
DEEP Robotics plans to raise 2.503 billion yuan in its STAR Market IPO, at an offering valuation of about 13.9 billion yuan.

KEY DATA

259 million yuanH1 2026 revenue

-8.8063 million yuanH1 2026 net profit attributable to shareholders

6 unitsH1 2026 humanoid robot sales

2.503 billion yuanIPO planned fundraising

PHYSIX OBSERVATION

DEEP Robotics' strategy of using robot dogs to support revenue and feed humanoid robots looks pragmatic in the short term but risky in the long term. Selling only 6 humanoid robots in half a year leaves a clear gap with Unitree, and the market's future expectations are limited. If major customers develop their own replacements, even the robot dog base could loosen. Exposing unstable profitability before the IPO, investors need to be wary that its commercial closed loop has yet to be proven.

Source: TMTPost report