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Shenzhen Dobot Corp Ltd Class H
(2432)
Select Model
Select Model
Rating:42Neutral
Price Target:
HK$16.50
▼(-65.71% Downside)
Action:Reiterated
Date:10/31/26
The score is held down primarily by persistent losses and ongoing cash burn, despite improving revenue momentum. Technicals also remain weak with the stock below key moving averages and negative MACD. Valuation is constrained by negative earnings and the absence of a provided dividend yield.
Positive Factors
Accelerating Revenue Growth
The sharp improvement in revenue growth indicates stronger commercial traction and expanding demand for the company’s robotics offerings. If maintained, this momentum can improve operating leverage, support continued investment in product development, and strengthen the company’s position in industrial automation.
Negative Factors
Persistent Operating and Net Losses
Ongoing operating and net losses show that the company has not yet demonstrated a sustainable profit model despite stronger revenue growth. Continued losses can limit internally generated capital, weaken long-term value creation, and require further improvement in scale or cost control to reach durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
The sharp improvement in revenue growth indicates stronger commercial traction and expanding demand for the company’s robotics offerings. If maintained, this momentum can improve operating leverage, support continued investment in product development, and strengthen the company’s position in industrial automation.
Read all positive factors
Shenzhen Dobot Corp Ltd Class H (2432) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.47B
Dividend YieldN/A
Average Volume (3M)2.28M
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth66.66%
EPS Growth-87.31%
CountryHK
Employees1,065
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.33
Shares Outstanding393,798,550
10 Day Avg. Volume4,548,834
30 Day Avg. Volume2,280,662
Financial Highlights & Ratios
PEG Ratio7.37
Price to Book (P/B)5.38
Price to Sales (P/S)28.67
P/FCF Ratio-243.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$40.00Price Target Upside-16.87% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.3
Revenue Forecast (FY)HK$783.60M
Shenzhen Dobot Corp Ltd Class H Business Overview & Revenue Model
Company Description
Shenzhen Dobot Corp Ltd, an investment holding enterprise, specializes in the comprehensive design, development, manufacturing, commercialization, and global distribution of robotic solutions. The company's reach extends throughout Mainland China,...
How the Company Makes Money
The company primarily makes money by selling robotics hardware and providing associated automation solutions and services. Key revenue streams typically include: (1) product sales of collaborative robot units (robotic arms and controllers) sold to...
Shenzhen Dobot Corp Ltd Class H Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 645.42M | 492.21M | 373.68M | 286.75M | 241.01M | 174.31M |
| Gross Profit | 299.98M | 220.84M | 173.98M | 124.84M | 98.22M | 88.08M |
| EBITDA | -170.22M | -46.83M | -58.73M | -54.51M | -27.79M | -16.17M |
| Net Income | -146.22M | -83.53M | -95.36M | -103.28M | -52.48M | -41.56M |
Balance Sheet | ||||||
| Total Assets | 3.10B | 3.10B | 1.50B | 734.89M | 925.42M | 665.09M |
| Cash, Cash Equivalents and Short-Term Investments | 2.18B | 2.49B | 979.27M | 285.35M | 488.16M | 421.81M |
| Total Debt | 142.11M | 79.70M | 226.47M | 67.20M | 32.37M | 8.39M |
| Total Liabilities | 551.56M | 480.18M | 527.92M | 361.58M | 470.39M | 349.43M |
| Stockholders Equity | 2.55B | 2.62B | 967.29M | 373.30M | 455.03M | 315.65M |
Cash Flow | ||||||
| Free Cash Flow | -266.84M | -57.84M | -106.32M | -169.06M | -140.10M | -38.23M |
| Operating Cash Flow | -192.75M | -42.59M | -91.68M | -157.70M | -116.51M | 6.37M |
| Investing Cash Flow | -914.61M | -1.81B | 59.12M | -57.86M | 69.48M | -271.88M |
| Financing Cash Flow | 1.57B | 1.56B | 805.24M | 28.14M | 193.97M | 275.01M |
Shenzhen Dobot Corp Ltd Class H Technical Analysis
Negative
48.12
Price Trends
20.72
Negative
23.36
Negative
29.50
Negative
Market Momentum
-0.86
Negative
40.41
Neutral
52.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2432, the sentiment is Negative. The current price of 48.12 is above the 20-day moving average (MA) of 18.45, above the 50-day MA of 20.72, and above the 200-day MA of 29.50, indicating a bearish trend. The MACD of -0.86 indicates Negative momentum. The RSI at 40.41 is Neutral, neither overbought nor oversold. The STOCH value of 52.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2432.
Shenzhen Dobot Corp Ltd Class H Peers Comparison
UnderperformOutperform
Sector (55)
HK:2432
Shenzhen Dobot Corp Ltd Class H
16.99
-34.16
-66.78%
HK:9880
UBTECH ROBOTICS CORP LTD Class H
63.45
-73.85
-53.79%
HK:0470
Wuxi Lead Intelligent Equipment Co., Ltd. Class H
19.99
-25.52
-56.08%
HK:2715
Estun Automation Co. Ltd. Class H
13.29
0.39
3.02%
HK:1021
Guangdong Huayan Robotics Co., Ltd. Class H
6.16
-12.24
-66.55%
HK:1236
Shenzhen LDRobot Co., Ltd. Class H
22.10
-37.90
-63.17%
Shenzhen Dobot Corp Ltd Class H Corporate Events
Shenzhen Dobot Boosts Robotics Incentive Plan With HK$27 Million H-Share Buy
Oct 30, 2026
Shenzhen Dobot Corp Ltd has reported that the trustee of its H Share Award Scheme purchased 50,000 H shares on 30 October 2026, bringing total on-market acquisitions under the scheme to about 1.2 million shares, or roughly 0.31% of issued H shares...
Shenzhen Dobot Steps Up H-Share Purchases for Incentive Scheme
Oct 22, 2026
Shenzhen Dobot Corp Ltd has reported that the trustee of its H Share Award Scheme purchased 50,000 H shares on 22 October 2026, bringing total on-market acquisitions to about 1,150,000 shares, or roughly 0.29% of issued H shares, for a considerati...
Shenzhen Dobot Steps Up H-Share Purchases for Award Scheme
Oct 21, 2026
Shenzhen Dobot Corp Ltd has disclosed that a trustee purchased 50,000 H shares on 21 October 2026, bringing total shares bought under its H Share Award Scheme to about 1,100,000, or roughly 0.28% of its issued H shares. These shares, acquired for ...
Shenzhen Dobot Boosts H-Share Buybacks to Fund Award Scheme
Oct 20, 2026
Shenzhen Dobot Corp Ltd has continued on-market purchases of its own H shares under its H Share Award Scheme, with a trustee acquiring 50,000 shares on 20 October 2026 and a cumulative 1,050,000 shares since late June, representing about 0.27% of ...
Shenzhen Dobot Trustee Boosts H Share Holdings for Award Scheme
Oct 16, 2026
Shenzhen Dobot Corp Ltd has reported that the trustee of its H Share Award Scheme purchased 99,800 H shares on the market between 15 and 16 October 2026, bringing total acquisitions under the scheme to 1,000,000 H shares. These shares, representin...
Shenzhen Dobot Boosts Robotics Incentive Plan With HK$22.3 Million H-Share Buyback
Oct 14, 2026
Shenzhen Dobot Corp Ltd has disclosed that the trustee of its H Share Award Scheme purchased 100,000 H shares on 14 October 2026, bringing the cumulative on-market purchases to 900,200 H shares, or about 0.23% of its issued H shares, for a total c...
Dobot Doubles Revenue as Industrial Robotics and Embodied AI Drive Growth
Aug 24, 2026
Shenzhen Dobot Corp Ltd reported interim revenue of about RMB320 million for the six months to 30 June 2026, more than doubling year on year, while maintaining a stable gross margin of 47.4%. Despite this growth, the company posted a net loss of r...
Shenzhen Dobot Schedules Board Meeting to Review Interim Results and Dividend Plan
Aug 12, 2026
Shenzhen Dobot Corp Ltd is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong, focusing on technology and industrial automation solutions. The company operates through various subsidiaries, with its ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.