Want to see HK:2432 full AI Analyst Report?
Top Page
Shenzhen Dobot Corp Ltd Class H
(2432)
Select Model
Select Model
Rating:45Neutral
Price Target:
HK$22.50
â–Ľ(-53.24% Downside)
Action:Reiterated
Date:07/18/26
The score is primarily constrained by ongoing losses and negative cash flow despite improving revenue growth. Technicals also weigh heavily, with the stock in a pronounced downtrend below major moving averages and negative MACD. A strengthened, low-leverage balance sheet provides a partial offset, but valuation remains challenged due to negative earnings.
Positive Factors
Low leverage / strong balance sheet
Material reduction in leverage and a sharp increase in equity/assets in 2025 gives the company durable financial flexibility. Low debt lowers refinancing risk and supports funding of R&D, capex or working-capital needs while the business pursues profitability.
Negative Factors
Persistent operating and net losses
Continued operating and net losses mean the company is not yet generating shareholder value from core operations. Ongoing losses limit retained earnings, make achieving positive ROE harder, and require consistent improvement in margins or cost structure to be durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Material reduction in leverage and a sharp increase in equity/assets in 2025 gives the company durable financial flexibility. Low debt lowers refinancing risk and supports funding of R&D, capex or working-capital needs while the business pursues profitability.
Read all positive factors
Shenzhen Dobot Corp Ltd Class H (2432) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$10.22B
Dividend YieldN/A
Average Volume (3M)3.29M
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue Growth32.20%
EPS Growth15.51%
CountryHK
Employees768
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)N/A
Shares Outstanding393,798,550
10 Day Avg. Volume3,233,325
30 Day Avg. Volume3,294,877
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$56.00Price Target Upside16.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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
null...
Shenzhen Dobot Corp Ltd Class H Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 492.21M | 373.68M | 286.75M | 241.01M | 174.31M |
| Gross Profit | 220.84M | 173.98M | 124.84M | 98.22M | 88.08M |
| EBITDA | -46.83M | -58.73M | -54.51M | -27.79M | -16.17M |
| Net Income | -83.53M | -95.36M | -103.28M | -52.48M | -41.56M |
Balance Sheet | |||||
| Total Assets | 3.10B | 1.50B | 734.89M | 925.42M | 665.09M |
| Cash, Cash Equivalents and Short-Term Investments | 2.49B | 979.27M | 285.35M | 488.16M | 421.81M |
| Total Debt | 79.70M | 226.47M | 67.20M | 32.37M | 8.39M |
| Total Liabilities | 480.18M | 527.92M | 361.58M | 470.39M | 349.43M |
| Stockholders Equity | 2.62B | 967.29M | 373.30M | 455.03M | 315.65M |
Cash Flow | |||||
| Free Cash Flow | -57.84M | -106.32M | -169.06M | -140.10M | -38.23M |
| Operating Cash Flow | -42.59M | -91.68M | -157.70M | -116.51M | 6.37M |
| Investing Cash Flow | -1.81B | 59.12M | -57.86M | 69.48M | -271.88M |
| Financing Cash Flow | 1.56B | 805.24M | 28.14M | 193.97M | 275.01M |
Shenzhen Dobot Corp Ltd Class H Technical Analysis
Negative
48.12
Price Trends
29.18
Negative
32.49
Negative
37.91
Negative
Market Momentum
-1.31
Negative
39.13
Neutral
32.49
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 25.90, above the 50-day MA of 29.18, and above the 200-day MA of 37.91, indicating a bearish trend. The MACD of -1.31 indicates Negative momentum. The RSI at 39.13 is Neutral, neither overbought nor oversold. The STOCH value of 32.49 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)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$1.52B | 34.49 | 11.92% | 2.53% | 4.77% | 20.26% | |
62 Neutral | HK$2.03B | 34.88 | 19.26% | 0.50% | 1.72% | 180.88% | |
57 Neutral | HK$42.47M | -7.17 | -7.29% | ― | -13.22% | -33.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | HK$72.04M | 10.56 | 11.87% | ― | 236.02% | ― | |
45 Neutral | HK$10.22B | -101.09 | -4.51% | ― | 32.20% | 15.51% | |
40 Underperform | HK$15.74M | -1.26 | 16.24% | ― | -0.95% | -3.57% |
* General Sector Average
HK:2432
Shenzhen Dobot Corp Ltd Class H
23.22
-34.33
-59.65%
HK:1473
Pangaea Connectivity Technology Limited
1.29
1.11
616.67%
HK:1747
Home Control International Limited
3.80
1.30
52.12%
HK:8036
eBroker Group Limited
0.04
>-0.01
-2.56%
HK:8176
SuperRobotics Holdings Ltd.
0.02
-0.09
-80.00%
HK:8206
Shentong Robot Education Group Co., Ltd.
0.04
-0.05
-55.81%
Shenzhen Dobot Corp Ltd Class H Corporate Events
Dobot Posts Surging H1 Revenue but Wider Loss on FX and Share-Based Costs
Jul 14, 2026
Shenzhen Dobot Corp Ltd reported a sharp jump in unaudited revenue and gross profit for the first half of 2026, driven by strong growth in its cobot and embodied intelligence businesses. Management estimates operating revenue between RMB300 millio...
Shenzhen Dobot Boosts H Share Award Scheme With On‑Market Purchases
Jul 8, 2026
Shenzhen Dobot Corp Ltd has moved to reinforce its equity‑based incentive framework by purchasing H shares on the Hong Kong market for its H Share Award Scheme. The trustee bought 100,000 H shares on 8 July 2026, bringing total purchases sin...
Shenzhen Dobot Posts Rapid Growth in Embodied Intelligence Ahead of ChiNext IPO
Jul 7, 2026
Shenzhen Dobot Corp Ltd reported that its embodied intelligence customer base expanded to 231 clients as of 30 June 2026, covering the full commercialization cycle from pilot validation to scaled deployment. The company has nearly 100 customers in...
Shenzhen Dobot Steps Up H-Share Purchases for Award Scheme
Jul 7, 2026
Shenzhen Dobot Corp Ltd has continued on-market purchases of its H shares under an existing H Share Award Scheme, with a trustee acquiring 100,000 H shares on 7 July 2026 and a total of 700,200 H shares since late June. The accumulated purchases r...
Dobot Boosts Share Award Pool With New H-Share Purchases
Jul 6, 2026
Shenzhen Dobot Corp Ltd has moved to buy back H shares on the market to support its H Share Award Scheme, signalling confidence in its business prospects. The company, a Hong Kong-listed Chinese robotics specialist in embodied intelligence and aut...
Shenzhen Dobot Shareholders Back Address Change and New Executive Director at EGM
Jul 2, 2026
Shenzhen Dobot Corp Ltd reported the poll results of its extraordinary general meeting held in Shenzhen on 2 July 2026, where shareholders representing 44.31% of the issued share capital participated. Voting was conducted by poll under the supervi...
Shenzhen Dobot Outlines Board Structure and Governance Roles
Jul 2, 2026
Shenzhen Dobot Corp Ltd has disclosed the composition of its board of directors and detailed the roles and functions of each member across key governance committees. The board includes executive, non-executive and independent non-executive directo...
Shenzhen Dobot Boosts H Share Award Scheme With On-Market Purchases
Jul 2, 2026
Shenzhen Dobot has expanded its H Share Award Scheme by directing a trustee to purchase a total of 500,200 H shares on the market, including 100,000 shares bought on 2 July 2026, representing about 0.13% of its issued H shares. These shares, acqui...
Shenzhen Dobot Boosts H Share Award Scheme With On-Market Buybacks
Jun 29, 2026
Shenzhen Dobot has moved to reinforce its H share award scheme by instructing its trustee to buy back shares on the open market. On 29 June 2026, the trustee purchased 100,000 H shares, bringing total acquisitions to 400,200 H shares, equivalent t...
Shenzhen Dobot boosts H-share award pool with on-market buy
Jun 26, 2026
Shenzhen Dobot Corp Ltd has disclosed that its trustee purchased 300,200 H shares on the open market between 25 and 26 June 2026 under its H Share Award Scheme, representing about 0.08% of its issued H shares. The shares, bought at prices between ...
Shenzhen Dobot to Buy Back H Shares for Employee Award Scheme
Jun 24, 2026
Shenzhen Dobot Corp Ltd has instructed a trustee to purchase its H shares on the secondary market under its existing H Share Award Scheme, using up to HK$200 million in scheme funds. The company believes its current H share price undervalues its f...
Shenzhen Dobot Doubles Q1 Revenue on Robot Sales Ahead of ChiNext IPO
Jun 22, 2026
Shenzhen Dobot Corp Ltd reported that its unaudited operating revenue for the three months ended 31 March 2026 reached approximately RMB112 million under IFRS, driven by substantial growth in sales of collaborative robots and embodied intelligent ...
Shenzhen Dobot Calls July 2026 EGM on Address Change and Board Appointment
Jun 16, 2026
Shenzhen Dobot Corp Ltd has called an extraordinary general meeting for 2 July 2026 in Shenzhen to seek shareholder approval for a change of its registered address in China and corresponding amendments to its articles of association. The company w...
Shenzhen Dobot Clarifies Board Composition and Committee Roles
Jun 11, 2026
Shenzhen Dobot Corp Ltd has disclosed an updated list of its board of directors and clarified the roles and functions each member holds across its key governance committees. The board includes executive, non-executive and independent non-executive...
Shenzhen Dobot Announces Registered Address Change and Finance Leadership Exit
Jun 10, 2026
Shenzhen Dobot Corp Ltd plans to change its registered address in Shenzhen to new premises in Honghualing Smart Manufacturing Industrial Park and amend its articles of association accordingly, subject to shareholder approval at an upcoming extraor...
Shenzhen Dobot Secures AGM Approval for 2025 Results and 2026 Financing Plans
May 20, 2026
Shenzhen Dobot Corp Ltd reported the results of its annual general meeting held in Shenzhen on 20 May 2026, where shareholders representing about 50.86% of the company’s issued share capital participated. The meeting was convened in accordan...
Shenzhen Dobot Sets 2026 AGM to Approve 2025 Results and New Capital Mandates
Apr 29, 2026
Shenzhen Dobot Corp Ltd has convened its annual general meeting for 20 May 2026 in Shenzhen, where shareholders will vote on the 2025 audited financial statements, annual report, board report and a proposed profit distribution plan. Investors of H...
Shenzhen Dobot Wins SZSE Acceptance for Proposed ChiNext A-Share IPO
Apr 27, 2026
Shenzhen Dobot Corp Ltd announced that the Shenzhen Stock Exchange has formally accepted its application materials for a proposed A-share initial public offering and listing on the ChiNext Market, with the application proof of its A-share prospect...
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.