ONEROBOTICS (06600.HK) is accelerating the implementation of its "One-Brain, Multiple-Forms" strategy. The company released its annual results for the fiscal year ending December 31, 2025, on March 24, marking its first earnings report since its listing on the Hong Kong Stock Exchange on December 30, 2025.
The financial report reveals that ONEROBOTICS achieved annual revenue of 900 million yuan in 2025, a year-on-year increase of 47.7%. Gross profit reached 490 million yuan, up 54.2% year-on-year, with the gross profit margin further improving to 54.0%. Adjusted net profit surged by over tenfold, reaching 12.77 million yuan.
Notably, 2025 marked a period of full harvest for ONEROBOTICS' global strategy, demonstrating strong growth momentum in several key overseas high-value markets. In the German market, known for its stringent requirements on technology and quality, ONEROBOTICS achieved a historic breakthrough, with revenue skyrocketing by 108.9% year-on-year. This served as an engine, driving robust growth of 57.9% across the entire European market. Meanwhile, in Japan, which constitutes the largest portion of the company's revenue, ONEROBOTICS also delivered impressive results with a 54.9% year-on-year increase. These figures not only validate the company's exceptional global localization capabilities but also signal that its growth drivers in core international markets remain strong, with its global commercial footprint being rapidly reshaped.
From a product perspective, ONEROBOTICS demonstrated explosive potential across three core scenarios: home service, sports, and companionship. In early 2026, the ONERO home assistant robot debuted at CES, marking a historic step in the commercialization of humanoid embodied intelligence. The globally first smart home hub integrating a large language model, the SwitchBot AI Hub, was launched. It became the world's first officially supported local AI Agent for OpenClaw, upgrading home AI from a "passively responsive tool" to a local, embodied brain capable of perception, reasoning, execution, and self-evolution. The world's first真人AI tennis training robot, Acemate, was honored by TIME magazine as a "2025 Best Invention" and became the official supplier for the Billie Jean King Cup Finals. The world's first locally deployed large language model, self-mobile AI companion robot won two official innovation awards, "Best in IFA Next" and "Best in Emerging Tech," at the IFA exhibition.
Throughout 2025, a year of explosion for embodied intelligence, ONEROBOTICS steadfastly advanced its core "One-Brain, Multiple-Forms" strategy, successfully building a prototype of a universal home robot brain reusable across different products and forms. By deeply implementing its Vision-Language-Action (VLA) model, ONEROBOTICS achieved comprehensive improvements in task planning for home service robots, semantic understanding for companion robots, and high-dynamic perception for sports robots. This underlying technological paradigm of "train once, share across forms" not only significantly optimizes the interactive experience across product lines but also lays a scalable intelligence foundation for future long-term interactions in complex home environments.
Simultaneously, ONEROBOTICS systematically broke the absolute reliance of traditional robots on high-precision hardware, reshaping the commercial value of embodied intelligence entities through "algorithm-defined hardware." On the perception front, its self-developed RGB camera-based 3D perception algorithm successfully replaced expensive LiDAR, substantially lowering the hardware barrier for large-scale deployment. On the control front, an integrated skill framework combining reinforcement learning and imitation learning endowed the robots with exceptional motion generalization and anti-interference capabilities. The协同optimization of this "perception-decision-control" closed-loop architecture made it feasible for multi-form robots to enter unstructured home environments with low cost and high performance.
Furthermore, understanding the fundamental logic that "data is fuel," ONEROBOTICS systematically established a self-controlled, standardized data collection center in 2025. Through a full-process data production闭环and self-developed dedicated data collection robots, ONEROBOTICS ensured the authenticity and consistency of high-value "perception-action-feedback" data from the source. This continuous stream of high-quality, real-scenario data ultimately feeds into a unified home-scenario data lake, providing the most solid and reliable data foundation for the continuous evolution of the "One-Brain, Multiple-Forms" large model.
Leveraging its full-stack, self-developed technological barriers and a proven global commercialization path, ONEROBOTICS has received coverage and consistently positive ratings from numerous major domestic and international brokerages since its listing, widely regarded as a leader in the AI embodied home robot sector. This consensus is backed by key metrics: products are sold in over 90 countries and regions, entering more than 3.6 million households globally, with overseas revenue accounting for over 95% of the total. The gross profit margin has consistently remained above 50% and is improving yearly—a rare commercial performance in an industry characterized by widespread high losses.
Guotai Junan International initiated coverage with a "Buy" rating, describing the company as a "leading pioneer in the sports, companionship, and home service robot fields." Huayuan Securities also initiated coverage with a "Buy" rating, optimistic about the positive flywheel effect created by the company's "self-developed VLA model and self-built data factory," believing that the continuous penetration of new vertical products will further enhance its commercialization capabilities. Guotai Haitong initiated coverage with an "Add" rating, pointing out that ONEROBOTICS' core technological barriers constitute its differentiated competitive advantage. As a global leader in home robots, it is poised to benefit primarily from AI technological breakthroughs and the release of industry demand driven by global aging trends. Tianfeng Securities assigned an "Add" rating, emphasizing that ONEROBOTICS is a leader in the global home robot systems industry with a leading market share advantage in core overseas markets. China Securities (CSC) focused, in multiple reports, on the company's leading positioning and commercialization potential in the "AI + Sports" arena.
As the global embodied intelligence industry transitions from R&D to large-scale implementation, ONEROBOTICS has built a full-stack technological system covering "Brain - Entity - Data." At its core is the VLA model-driven "One-Brain, Multiple-Forms" universal robot brain. This is complemented by "algorithm-defined hardware" that reshapes entity performance and cost boundaries, and a self-built data collection center that continuously feeds back into model evolution. This forms a integrated technological flywheel encompassing model capability, entity capability, data accumulation, and scenario deployment. Combined with a mature commercial system covering over 90 countries and regions and a rare profitability profile with gross margins consistently above 50%, ONEROBOTICS is emerging as a core representative enterprise for China's AI embodied intelligence industry going global and participating in the restructuring of the global value chain.
Comments