Core Insights - Greebo, a leading global company in the new energy garden machinery sector, reported a stable performance in its core business while actively expanding into the "robotics + artificial intelligence" field, showcasing a positive development trend [1] Group 1: Financial Performance - For the first half of 2025, Greebo achieved an operating revenue of 2.977 billion yuan, remaining stable compared to the same period last year [1] - The company reported a net profit attributable to shareholders of 133 million yuan, representing a year-on-year increase of 9.50% [1] - The non-recurring net profit attributable to shareholders reached 158 million yuan, a significant year-on-year growth of 31.91% [1] - The gross profit margin improved to 30.38%, an increase of 3.39 percentage points year-on-year, indicating enhanced profitability [1] - Basic earnings per share were 0.27 yuan, up 8% year-on-year [1] Group 2: Core Business and Market Position - Greebo continues to strengthen its competitive advantage in the lithium battery OPE sector, catering to diverse needs from household users to professional landscaping companies with a multi-voltage battery pack system [2] - The company has established a comprehensive online and offline distribution network, partnering with international retail giants and reaching over 12,000 physical stores globally [2] - Key product sales in the first half of 2025 included lawn mowers generating 787 million yuan (up 5.95%), zero-turn mowers with sales of 175 million yuan (up 63.02%), and power tools with sales of 120 million yuan (up 72.95%) [2] - The third-generation lawn mowing robot launched in the European market has received a positive market response, with sales revenue increasing by 68.92% year-on-year [2] Group 3: Production Capacity and Strategic Initiatives - Greebo has established a collaborative manufacturing base across China, Vietnam, and the United States, focusing on core technology research and high-value product localization [3] - The company is advancing the construction of its Vietnam production base to respond to changes in the international trade environment, with the first phase already operational and the second phase having commenced construction in July [3] Group 4: Strategic Expansion into Robotics - Greebo has made significant strides in the robotics sector by partnering with leading companies in the embodied intelligence industry, marking its entry into the smart robotics market [4] - The company has completed investments in Zhejiang Zhidong and Annu Intelligent, and signed a cooperation agreement with Zhejiang Zhidong to jointly target the commercial cleaning robot market [4] - Greebo has also established an investment partnership to explore high-potential projects in the "robotics + artificial intelligence" field, focusing on key technologies such as motor control and battery management [4] - Analysts believe that Greebo's strategic investments in the robotics sector will create a differentiated competitive advantage and position it for future growth [4]