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

> Chinese manufacturer Yunshenchu (云深处), a candidate for listing on the 科创板 market, saw prices and margins fall in the first half of 2026, according to figures reported by TMTPost.

Published on 2026-10-14

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.

## Sources

- [钛媒体 TMTPost](https://www.tmtpost.com/8167181.html)

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