Plexus (NasdaqGS:PLXS) Q1 2026 Earnings call January 29, 2026 08:30 AM ET Speaker0I will now hand the call over to Shawn Harrison, Vice President of Investor Relations. Please go ahead.Speaker6Good morning, and thank you for joining us today. Some of the statements made and information provided during our call today will be forward-looking statements, including without limitation, those regarding revenue, gross margin, selling and administrative expense, operating margin, other income and expense, taxes, ca ...

尚未盈利的机器人公司浙江迦智科技股份有限公司（以下简称迦智科技）正以第18C章上市规则冲击港股上市。记者注意到，尽管迦 智科技在招股书中强调了公司的核心技术能力，但其销售及分销 开支在报告期内（2023年、2024年全年及2025年前三季度）高企，且 持续高于研发开支，而与公司特专科技产品相关的核心技术所涉及的13项重大已授权专利，全部为公司2024年之前申请。 每经媒资库 与此同时，包括2024年前三大客户在内，迦智科技在报告期内存在多个客户与供应商身份重叠的情况。 此外，迦智科技在2016年至2025年期间的数轮融资中向若干投资者授予了包括赎回权在内的特殊权利，尽管这些特殊权利在2025年7月 通过补充协议被暂时终止，但仍存在触发赎回权自动恢复的相关条件。而在报告期内，迦智科技每年/每期都产生了超过3000万元与上 述赎回权相关的赎回金融负债之融资成本。 尚未实现盈利 随着收入快速增长，迦智科技来自前五大客户的收入总额占公司整体收入总额的比例从2023年的21.6%，快速上升至2025年前三季度 的61.3%，其中，来自第一大客户的收入占公司收入总额的比例从2023年的4.8%，快速上升至2025年前三季 ...

据中科创达消息，1月20日，中科创达旗下杭州晓悟智能有限公司与北京人形机器人创新中心签署战略 合作协议，双方将围绕人形机器人在汽车制造、仓储物流和商业服务等垂直场景的规模化应用展开深度 合作。未来，晓悟智能将成为北京人形机器人创新中心的官方Scaling Partner，基于其机器人本体（双 足、轮足）实现垂直场景的规模应用落地，共同开发适用于实际生产环境的可规模商用的机器人解决方 案。 ...

有投资者在互动平台向维尔利提问："有传闻，2026年1月8日 - 纳斯达克上市公司PMEC，简称＂ Primech Holdings＂已宣布，完成由维尔利环保科技集团（深交所代码：300190，简称＂维尔利＂）出 资的4,000万美元战略融资。资金将主要用于自主机器人、AI清洁系统及全球设施管理业务的研发、量 产与市场拓展。请贵公司予以证实？" 针对上述提问，维尔利回应称："投资者您好，公司通过境外子公司对Primech Holdings进行了400万美 元的投资，该项投资主要系用于Primech Holdings机器人业务的研发与市场拓展。根据Primech Holdings 与公司所签订的战略合作框架协议，未来公司与Primech Holdings将联合开发面向高危、复杂及受限工 业环境的机器人解决方案，赋能公司环保业务，推动公司数字化、智能化转型升级，构建智能环保能源 生态体系，实现高质量可持续发展。谢谢。" 作者：公告君 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 ...

Group 1 - The core viewpoint of the article is that Jianlin Home (603408) is focusing on the health and wellness sector in its strategic planning for the next five years [1] - The company plans to concentrate on health and wellness scenarios, integrating smart home technology, proprietary products, and robotic solutions [1]

Core Viewpoint - The company Geek+ (2590.HK) is entering its first lock-up period post-IPO on January 9, 2026, with cornerstone investors indicating long-term support despite the lock-up expiration [2][4]. Group 1: Company Overview - Geek+ was listed on the Hong Kong Stock Exchange in July 2025, with an issue price of HKD 16.8, raising a total of HKD 27.1162 billion, making it the world's first stock for Autonomous Mobile Robots (AMR) in warehousing [2]. - The cornerstone investors include Xiong'an Robot, Arc Avenue, Eastspring Investments, and Yige, collectively investing USD 91.3 million, with Xiong'an Robot being the largest investor at USD 41.3 million [2][3]. Group 2: Financial Performance - For the first half of 2025, Geek+ reported revenue of RMB 1.024 billion, a 31% increase from RMB 782.5 million in the same period of 2024 [6][7]. - The company achieved a gross profit of RMB 359.9 million, up 43.1% from RMB 251.5 million year-on-year [9]. - Adjusted EBITDA turned positive for the first time, with a narrowed adjusted net loss of RMB 11.89 million compared to RMB 197 million in the previous year [9]. Group 3: Market Position and Growth - Geek+ has maintained the largest market share in the global AMR sector for seven consecutive years, with operations in over 40 countries and regions, delivering over 66,000 robots to more than 850 clients, including over 65 Fortune 500 companies [10][12]. - The company recorded new orders of RMB 1.76 billion in the first half of 2025, a 30.1% increase year-on-year, indicating strong demand from core verticals such as e-commerce and logistics [8]. Group 4: Industry Outlook - The global AMR solutions market is expected to grow at a compound annual growth rate (CAGR) of 33% from 2024 to 2029, potentially exceeding RMB 162 billion by 2029 [10]. - Geek+ is focusing on "scene-first" strategies to capture advantages in embodied intelligence within the warehousing automation sector, with plans to release a new general-purpose warehouse robot soon [11][12].

Core Insights - The company YH Inv Holdings Limited plans to acquire a 55% stake in AIMO (HK) LIMITED, known for its autonomous mobility platform integrating advanced AI technology [1][2] - AIMO's flagship products are designed for outdoor environments, catering to operational needs of enterprises and public sector organizations, along with customized robotic solutions for various outdoor management challenges [1] - The acquisition is expected to create strategic synergies between AIMO's robotic solutions and TrioAI's high-performance GPU-accelerated cloud computing capabilities, enhancing operational efficiency and innovation [2] Company Developments - The acquisition agreement was established on December 10, 2025, through a memorandum of understanding [1] - Following the completion of the subscription of shares in Trio AI Limited, TrioAI has become a non-wholly owned subsidiary of the company, focusing on AI infrastructure services [1] - The collaboration aims to position the company as a key player in the AI sector, leveraging emerging technologies to meet growing market demands [2]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company's main business shows steady growth, with significant potential in AI edge solutions and robotics [7] - The company has experienced a decline in revenue and net profit in the first three quarters of 2025, primarily due to the exclusion of the previously sold business unit [5][7] - The smart module segment has become a new growth direction, accounting for over 55% of revenue in the first half of 2025 [7] - The AI Stack and robotics initiatives have entered the productization and delivery phase, indicating strong future growth potential [7] Financial Summary - The company reported a revenue of 5.366 billion yuan in the first three quarters of 2025, a year-on-year decrease of 13.69% [5] - The net profit for the same period was 316 million yuan, down 51.50% year-on-year [5] - The revenue for Q3 2025 was 1.659 billion yuan, reflecting a 22.56% decline year-on-year, with a net profit of 98 million yuan, down 69.14% [5] - Excluding the impact of the divested business, revenue grew by 7.32% year-on-year, while net profit decreased by 2.19% [7] - The gross margin for Q3 2025 was 18.73%, with a net margin of 5.84%, both showing improvement from the previous quarter [7] Earnings Forecast - Projected revenues for 2023A, 2024A, 2025E, 2026E, and 2027E are 7.716 billion, 8.189 billion, 8.125 billion, 9.726 billion, and 11.622 billion yuan respectively [4] - Expected net profits for the same years are 564 million, 668 million, 452 million, 637 million, and 876 million yuan respectively [4] - The earnings per share (EPS) is forecasted to be 0.74, 0.87, 0.50, 0.71, and 0.97 yuan for the years 2023A to 2027E [4]

Core Viewpoint - Cloudwalk Technology (云迹) shares rose over 7%, reaching a new high of 166.4 HKD, an increase of nearly 75% from its IPO price [1] Company Performance - As of the report, shares were up 6.23%, priced at 163.7 HKD, with a trading volume of 17.6963 million HKD [1] - The company has implemented its robotic solutions in over 30,000 locations globally, including hotels, hospitals, factories, apartments, and buildings across regions such as the Middle East, Americas, South Korea, Japan, and Thailand [1] Industry Event - The first Beijing Smart Hotel Robot "Challenge" application competition was held on November 29, aimed at promoting the implementation of intelligent hotel scenarios and industry upgrades [1] - Cloudwalk Technology excelled in the competition, winning first place in three categories: room service, cleaning, and interactive entertainment [1] Service Achievements - In 2024, the company's robotic systems completed over 500 million service instances [1]

Group 1 - The core viewpoint of the news highlights the strong growth and increasing order volume of the company, Geekplus (2590.HK), in the "AI + Robotics" sector, with cumulative orders exceeding 1 billion yuan [1] - The company has recently secured multiple large orders, including a 300 million yuan project, reflecting global client recognition of its robotic solutions [1] - DBS Bank forecasts that Geekplus will achieve adjusted net profit in FY25F and enter a phase of accelerated growth, assigning a "buy" rating with a corresponding FY26F PS of approximately 10 times [1] Group 2 - The global e-commerce giant Amazon's recent initiatives, including the launch of the Blue Jay multi-functional warehouse robot system and Project Eluna AI system, indicate a significant growth potential in the warehouse automation industry [2] - The "14th Five-Year Plan" emphasizes the integration of intelligent technology with logistics, highlighting the necessity for upgrading smart logistics infrastructure and equipment [2] - As the industry enters a new cycle of accelerated intelligence, Geekplus is positioned to benefit from this trend due to its strong AI robotics technology, extensive practical experience, and continuous order growth, potentially leading to a revaluation of its value [2]