Orbbec (SH:688322) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-12 09:52Core Viewpoint - Aobi Zhongguang has reported its first half-year profit since its IPO, with significant revenue growth and a turnaround from losses to profits, indicating potential for future market performance [1][2]. Financial Performance - Aobi Zhongguang's revenue for the first half of 2025 reached 435 million yuan, a year-on-year increase of 104.14% - The net profit attributable to shareholders was 60.19 million yuan, reversing a loss of nearly 114 million yuan from the previous year, representing a year-on-year growth of 212.77% [1]. Market Reaction - Despite the positive financial results, Aobi Zhongguang's stock price fell by 5.8% to 79.98 yuan per share on August 12, indicating that market expectations may have been overly high [2]. Business Drivers - The company's turnaround is primarily driven by the successful implementation of offline payment solutions, particularly through its partnership with Alipay [3][5]. - Aobi Zhongguang has been a key supplier for Alipay's "Tap to Pay" service, which has gained significant traction since its launch [4][5]. Strategic Partnerships - Aobi Zhongguang's collaboration with Alipay has resulted in substantial revenue, with related transactions amounting to approximately 131 million yuan, accounting for over 30% of its revenue [5]. - The company has also engaged in partnerships with various robotics firms, enhancing its position in the AIoT sector [6][7]. Technological Advancements - Aobi Zhongguang has made significant progress in 3D vision technology, launching new products aimed at enhancing robotic capabilities [7]. - The company is positioned to capitalize on the growing global demand for 3D scanning technology, with the market projected to grow from 4.9 billion USD in 2024 to 8.8 billion USD by 2030 [6]. Future Outlook - As the global robotics industry undergoes an intelligent upgrade, Aobi Zhongguang has the potential to replicate its success in payment solutions and 3D printing within the humanoid robotics sector, which could lead to expanded valuation opportunities [8].