During the 2026 semi‑annual report disclosure window, companies in the robotics sector have been posting record‑high earnings estimates across the board. From exhibition booths to production workshops, from "proof of concept" to "batch delivery," the localization rate of core robot components continues to rise, and Chinese manufacturing is entering a "technology dividend" phase.

1)     Semi‑Annual Reports of Listed Companies: Robotics Sector Earnings Estimates "Beat Expectations Across the Board"

In on‑site visits, our reporter learned that a robotics company launched its new humanoid robot model at the end of last month, and within less than a month has already received orders for tens of thousands of units. Judging from this year's semi‑annual reports of listed companies, the robotics sector has delivered a "wave of positive earnings estimates," signaling that the industry is entering a new stage of development.

Data from the Ministry of Industry and Information Technology show that from January to May, the revenue of industrial enterprises above designated size in China's robotics industry exceeded RMB 90 billion, a year‑on‑year increase of 26.9%, with an average annual growth rate of over 20% in the past five years. From the earnings guidance data of listed companies, the signals of performance improvement across various segments of the robot industry chain are becoming increasingly clear:

l  Topstar expects a net profit attributable to parent company of RMB 90‑115 million for the first half of the year, up 213%‑300% year‑on‑year.

l  ESTUN expects its net profit for the first half of the year to increase by more than 20 times year‑on‑year.

l  Leadshine expects a net profit attributable to parent company of RMB 184‑196 million for the first half of the year, up 55%‑65% year‑on‑year.

Guo Qianqian, Chief Analyst of the Machinery Sector at China Merchants Securities, stated that the industry's profits and revenue scale are advancing in tandem. Companies at every link in the chain—including motors, reducers, sensors, and bearings—have all benefited to varying degrees.

1)     From Exhibition Booths to Workshops: The Robot Industry Chain Sees "Explosive Orders"

At present, China's robotics industry is undergoing a transformation from "exhibition booths" to "workshops." As commercialization accelerates, orders across the upstream and downstream robot industry chain are being released in bulk, and the industry is entering a concentrated period of delivery, moving from "proof of concept" to "batch delivery."

At a testing site of a specialty‑scenario robotics company in Longhua, Shenzhen, an explosion‑proof refueling robot was repeatedly practicing refueling operations—from opening the fuel cap, taking out the nozzle, refueling, retracting the nozzle, to closing the cap—the entire process was seamless and required no human intervention. Sun Teng, CEO of Shenzhen Ruoyu Technology Co., Ltd., told reporters that this robot, developed by his company, has already entered a pilot operation at a gas station in Foshan, providing fully automated self‑service refueling to ordinary car owners.

Since the beginning of this year, robotics companies have been accelerating commercial deployment, turning robots into industrial productivity that truly creates capacity.

In the workshop of an automotive electronics factory in Ningbo, robots equipped with dexterous hands are precisely performing material retrieval, sorting, assembly, and fastening operations.

The accelerated commercialization of robots is rapidly translating into tangible orders across the upstream and downstream industry chain. Ge Pengyao, General Manager of Shenzhen Lingqiao Drive & Control Technology Co., Ltd., told reporters that the frameless motors they produce are core components for joint actuation in humanoid robots. In the first half of this year, the company's orders on hand have already exceeded 1 million units, compared to only 120,000 units for the entire previous year.

"This year, more than a dozen companies have placed order‑locking contracts. At the beginning of the year, we already had a very complete annual planned order schedule. For us, the biggest pressure now comes from delivery," said Ge Pengyao.

1)     Localization Rate of Core Robot Components Continues to Rise – Chinese Manufacturing Enters the "Technology Dividend" Phase

As robots move out of laboratories and into factories, whether the supply chain can guarantee stable batch delivery is crucial. Today, the localization of core robot components has entered a phase of full‑chain systematic advancement.

Zhang Ju, CFO of UBTECH, told reporters that more than 90% of the core components for their humanoid robots are sourced domestically. "All kinds of hardware and parts across the entire industrial chain are in China; the models and data are in China; the OEMs are in China; and the largest application scenarios are also in China," said Zhang Ju.

The increasing localization rate of the robot industry chain is also translating into tangible cost advantages. "Our own core computing boards have basically achieved 100% localization. After adapting domestically produced computing chips to our robot 'brain,' we have significantly reduced our costs," said Sun Teng.

Industry insiders indicate that in emerging industries like robotics, being able to achieve independent control and mass shipment from core components to complete machines reflects the overall improvement of China's manufacturing advantages. Chinese manufacturing is moving from a "scale dividend" to a "technology dividend."

The 2026 S‑FACTORY Smart Factory and Automation Technology Exhibition is deeply rooted in the entire smart manufacturing industry chain, bringing together automation companies such as HIWIN, Flexiv, IKO, MOSIONX, KONECRANES, WORLD WIDE GROUP, and MEAN WELL. From October 27‑29 at the Shenzhen World Exhibition & Convention Center, we sincerely invite you to visit the show!

Source: CCTV Finance