Yunshenchu: Jueying X gross margin falls to 39.75% as the wheeled-legged Lynx M takes over

In the first half of 2026, the average price of the Jueying X (绝影X) quadruped robot fell and its gross margin dropped to 39.75%, from 54.35% in 2025. The company attributes the decline to the delivery of a series of less profitable variants.

The Lynx M (山猫M) range of wheeled-legged robots is growing: 377 units were sold in 2025, its first year on the market, followed by 482 in the first half of 2026. Its gross margin rose from 57.50% to 60.04%, and the range contributes 46.22% of the gross margin from the core business, making it the company's largest source of margin.

For the first nine months of 2026, Yunshenchu expects revenue to rise by 97.52% to 117.76% year on year, but also a net loss excluding exceptional items.