Growth beyond expectations! Youdi Robotics (03231) reported impressive results for the first time since its launch. Cleaning robots skyrocketed by 184.2%, and RaaS robots as a service grew strongly

“The first stock of AI conscious robots” Udi Robotics (03231), the world's leading commercial AI robot company, is exceeding expectations at an accelerated pace to meet growth expectations.

The global service robot circuit is entering a historic moment. Udi Robotics landed on the main board of the Hong Kong Stock Exchange on September 9, 2026, and released its first interim results report after listing on September 30 (the reporting period ended June 30, 2026). Udi Robotics's impressive growth performance report not only showed the global capital market its hard-core strength as a leading global commercial AI robot enterprise industry leader, but also announced the ambition of AI service robots to fully enter intelligent, embodied, and global commercial use using a set of explosive core data.
Udi Robotics achieved revenue of 154 million yuan in the first half of the year (RMB, same below). The Zhitong Finance App learned that on the hardware side, the company has formed a RaaS (robot as a service) service network covering various scenarios of delivery, cleaning, and retail: Youxiao Mei indoor delivery, Youxiao Ge closed park on-demand delivery, Youxiao Gu indoor and outdoor cleaning, and Youxiao Bee unmanned retail.

In the first half of the year, the Youxiao Gu Cleaning Series achieved phenomenal growth of +184.2%: the indoor and outdoor cleaning circuit ushered in a real king. Youji not only swept through commercial space, but its Youxiao Gu C50 also successfully won the bid for China's new first-tier urban subway station cleaning service project, locking in huge deterministic future growth with a landmark benchmark contract.

Youxiao Bee's retail series, with +58.9% performance expansion: the H8 model with high added value not only boosted the overall average selling price (ASP), but also formed an absolute monopoly mentality in the terminal market.

RaaS robots as a service, and a long-term sustainable strategy reaps continuous growth rewards: the RaaS business recorded strong growth of 35.6%, showing the high repurchase stickiness of the customer base and the resilience of commercial operations.

In the vast wave of global artificial intelligence and embodied intelligence, mediocre people followed suit, while real leaders chose to build insurmountable moats in deep-water areas. Udi Robotics is such an outstanding leader. The company's R&D expenses increased 38% year-on-year in the first half of the year: the company invested more in cutting-edge computing power and hardware fields such as visual language models (VLM), embedded intelligent applications, closed loop cloud data, and robot control systems. What is really attracting global capital is the long-term AI data moat accumulated by Udi Robotics in real-world applications of AI robots. The company has established a comprehensive technical framework, including visual models, robot decision-making and planning, multi-sensor fusion, positioning and navigation, chassis and motion control, robot domain control systems, cloud-based visual language models (“VLM”), cloud-based data closed-loop platforms, and cloud-based IoT device ecosystems. The company has also developed application technologies to transform these core technologies into deployable robot products and AI vision model solutions, including cloud-based operation and maintenance, wheeled robot applications, wheel arm robots and robotic arm applications, and the deployment of AI vision models in non-robotics industries. The company's technology operates under a cloud-side collaborative architecture. Edge systems perform real-time functions such as visual perception, positioning, navigation, motion control, and image and video analysis, while cloud infrastructure supports data management, model training and optimization, task coordination, remote management, and (where applicable) higher levels of reasoning.

Optimizing and iterating the product structure of Yudi Robotics means that the company can avoid dependence on a single application scenario and open up a wider market. Large-scale operation in multiple scenarios can also continuously deposit robot operation data in different environments, feed back algorithm iterations, and form a positive cycle where data and products benefit each other.

It is worth noting that unlike simple hardware sales, Youji Robot has set up a multi-level monetization framework. The company's RaaS business revenue increased from 9.4 million yuan in 2023 to 49.9 million yuan in 2025, increasing 4.3 times in two years, and gross margin was drastically restored from -122.2% to 5.1% during this period. In the first half of 2026, the RaaS business achieved revenue of 26.5 million yuan, an increase of 35.6% over the previous year, and its share of total revenue rose to 17.2%.

From the perspective of business logic, RaaS has restructured the value chain of both supply and demand, and can generate long-term stable cash flow contributions. For customers, there is no longer a need to bear large capital expenses for equipment procurement. The billing model of cleaning according to working hours and delivery according to order turns investment into variable operating costs and greatly reduces the threshold for robot use. For Yudi Robots, it breaks out of the revenue model of one-time hardware delivery, obtains stable recurring cash flow, and improves profit quality.

As a robotics company driven by AI as its core technology, Youdi Robotics relies on a cloud-side collaborative architecture with Youxiaoyun's AI vision platform to drive the efficient operation of the RaaS business model. Among them, the edge side undertakes real-time robot navigation and environmental sensing to ensure stable on-site operation; the cloud is responsible for multi-machine cluster scheduling, remote operation and maintenance, and closed-loop data iteration to support simultaneous RaaS services for a large number of robots. In the first half of 2026, the company spent 51.1 million yuan on R&D, an increase of 38% over the previous year, accounting for 33.2% of revenue. The company's R&D expenses focus on the VLM cloud visual language model, hardware iteration, and computing power investment to continue to consolidate the technical foundation for this business model expansion.

Looking at the industry, according to Frost & Sullivan data, the current penetration rate of domestic commercial service robots is only 2.9%. This is a huge trillion-dollar market, with a compound growth rate of 25.9% from 2025 to 2030. Looking at the valuation context of Hong Kong stocks, the long-term stable subscription RaaS robot as a service model has the potential logic of obtaining a valuation premium. This is also the core investment focus of the market focusing on the transformation of the company's business structure.

Chinese technology, leading the world. As a leading global commercial AI robot company, after the Hong Kong stock IPO, Udi Robotics ambitions are no longer limited to the Chinese market. With the company's market position and operating experience in China, the company plans to expand internationally through indoor and outdoor robot products and solutions, which truly represents China's intelligent manufacturing moving to the top of the global value chain. The current target markets for expansion include Thailand, Japan and South Korea. At the same time, the company has begun market development activities in selected potential markets in Europe, North America, Malaysia, Singapore, etc., and will evaluate the pace of expansion based on market conditions, certification progress and customer needs. Where appropriate, the company may further strengthen local sales and marketing capabilities and participate in industry exhibitions and professional forums.

Looking forward to the future, Udi Robotics plans to continue to expand diverse application scenarios such as homes and public spaces, deepen research and development of physical intelligence technologies such as VLM and robotic arms; promote overseas markets between Japan and South Korea based on the existing certification base, and at the same time take the opportunity to develop strategic industrial cooperation. Under the general trend of automated transformation in the service industry, as the product matrix is improved and the RaaS model continues to advance, the company's medium- to long-term growth deserves market attention.

The global commercial AI robot industry market is rapidly booming towards a huge volume of trillions of dollars. As a leading listed commercial AI robot company in the world, Udi Robotics has obtained a ticket to the future smart 100 billion market capitalization throne with a closed loop of AI technology and real AI scene data, continuous and steady overseas expansion, and long-term patient support from top capital. The 2026 Udi Robotics report exceeding expectations is the prelude to this AI-powered aircraft carrier sailing at full speed into the future.