GEEKPLUS(2590.HK)：OFFICIAL LAUNCH OF HUMANOID ROBOTS FOR WAREHOUSE

Investment theme. On the back of technological innovation in autonomous mobile robots (AMR) with >800 end customers across 40 countries, Geekplus (80% revenue from overseas in 1H25) is set to ride on the structural increase in the penetration rate of warehouse fulfilment AMRs over the coming years. Key risks. (1) Technology risk; (2) threat of new entrants; (3) Unable to achieve turnaround of profit. 机构：招银国际 研究员：Wayne Fung Geekplus announced the official launch of Gino 1, the world's first generalpurpose ro ...