ESTUN reported a sharp earnings rebound for the six months ended 30 June 2026, with profit attributable to equity shareholders rising to RMB161.33 million from RMB3.05 million a year earlier. The turnaround was driven by stronger product mix, cost efficiencies and solid overseas demand.

Revenue inched up 1.14 % year-on-year to RMB2.58 billion. Industrial robots and intelligent manufacturing systems contributed RMB2.14 billion, up 2.22 %, offsetting a 4.14 % decline in core automation components and motion control systems to RMB437.50 million.

Gross profit rose 12.51 % to RMB800.75 million, lifting gross margin by 3.14 percentage points to 31.07 %. EBITDA increased 77.34 % to RMB362.34 million, while adjusted EBITDA reached RMB381.18 million.

Geographically, overseas revenue advanced 25.06 % to RMB936.49 million, accounting for 36 % of total sales, whereas domestic revenue fell 8.82 % to RMB1.64 billion. Management highlighted European gains, noting new automotive and general-industry customers and the start-up of a Polish manufacturing and logistics hub during the period.

Operating cash flow swung to an inflow of RMB40.26 million from a RMB119.48 million outflow a year earlier, helped by tighter receivables and inventory management. R&D spending remained high at RMB250.19 million, or 9.71 % of revenue, underpinning 48 new patents and 39 new software copyrights.

Following its March 2026 Hong Kong listing, ESTUN raised net proceeds of HKD1.41 billion, strengthening its balance sheet. Cash and cash equivalents stood at RMB1.81 billion at period-end, up from RMB0.88 billion at year-end 2025, while the debt-to-capital ratio improved to 59.21 % from 141.07 %.

Management reiterated its focus on high-margin robotic solutions, accelerated internationalisation and ongoing cost optimisation to sustain high-quality growth in the second half of 2026. No interim dividend was declared.