Mech-Mind Robotics (9615) Q1 2026 earnings summary

Executive summary

• Audited consolidated financials cover years ended 31 Dec 2023, 2024, 2025, and three months ended 31 Mar 2026, prepared for IPO prospectus purposes.

• The Group is engaged in intelligent robot guidance, inspection, measurement products, and related services.

• Financials prepared under IFRS for the first time, with transition date 1 Jan 2023.

Financial highlights

• Revenue increased from RMB180.8m in 2023 to RMB388.8m in 2025; Q1 2026 revenue was RMB106.9m.

• Net losses widened: RMB401.0m (2023), RMB283.3m (2024), RMB360.2m (2025), and RMB56.8m (Q1 2026).

• Gross profit improved from RMB70.6m (2023) to RMB137.4m (2024) and RMB251.1m (2025).

• Operating cash outflows: RMB274.1m (2023), RMB205.8m (2024), RMB107.4m (2025), RMB52.9m (Q1 2026).

• Cash and cash equivalents at 31 Mar 2026: RMB345.9m.

Outlook and guidance

• Directors consider there are no material uncertainties regarding going concern, despite net current liabilities, as redemption liabilities will be reclassified to equity post-IPO.