Shenzhen Dobot Corp Ltd Class H (HK:2432)
:2432
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Shenzhen Dobot Corp Ltd Class H
(2432)
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Rating:44Neutral
Price Target:
HK$34.00
▼(-29.34% Downside)
Action:ReiteratedDate:04/02/26
The score is primarily constrained by persistent losses and recurring negative operating/free cash flow, despite improved revenue growth and a significantly de-levered balance sheet. Technical indicators also point to a prevailing downtrend, and valuation is weak due to negative earnings and no dividend support.
Positive Factors
Revenue Growth
Sustained top-line expansion (over 30% reported) indicates growing product demand and market traction. That revenue base helps absorb fixed costs, supports scale economics, and enhances the likelihood of moving toward operating leverage if margins and cost control hold.
Negative Factors
Persistent Losses
Continued operating and net losses mean the business has not yet translated revenue growth and margins into sustainable profitability. This undermines long-term shareholder value creation and requires either durable margin expansion or consistent scale to reach break-even.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line expansion (over 30% reported) indicates growing product demand and market traction. That revenue base helps absorb fixed costs, supports scale economics, and enhances the likelihood of moving toward operating leverage if margins and cost control hold.
Read all positive factors
Shenzhen Dobot Corp Ltd Class H (2432) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$14.03B
Dividend YieldN/A
Average Volume (3M)3.29M
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth32.20%
EPS Growth15.51%
CountryHK
Employees628
SectorTechnology
Sector Strength88
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 Ratio7.32
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$52.67Price Target Upside9.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
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 company, engages in the design, development, manufacturing, commercialization, and sale of robots in Mainland China, Hong Kong, Macau, Taiwan, and internationally. The company offers Six-axis cobots, ...
How the Company Makes Money
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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
Neutral
48.12
Price Trends
36.60
Negative
36.97
Negative
45.55
Negative
Market Momentum
-0.65
Negative
50.67
Neutral
78.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2432, the sentiment is Neutral. The current price of 48.12 is above the 20-day moving average (MA) of 34.58, above the 50-day MA of 36.60, and above the 200-day MA of 45.55, indicating a neutral trend. The MACD of -0.65 indicates Negative momentum. The RSI at 50.67 is Neutral, neither overbought nor oversold. The STOCH value of 78.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2432.
Shenzhen Dobot Corp Ltd Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$621.16M | 7.47 | 11.92% | 2.53% | 19.80% | ― | |
62 Neutral | HK$2.56B | 38.27 | 19.27% | 0.50% | 1.72% | 180.88% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | HK$36.88M | -8.62 | -7.29% | ― | -13.22% | -33.33% | |
44 Neutral | HK$14.03B | -168.92 | -4.53% | ― | 32.20% | 15.51% | |
42 Neutral | HK$28.62M | -2.44 | 8.61% | ― | -0.95% | -3.57% | |
41 Neutral | HK$72.04M | -21.11 | 11.87% | ― | 80.22% | 53.85% |
* Technology Sector Average
HK:2432
Shenzhen Dobot Corp Ltd Class H
31.06
-41.49
-57.19%
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Shenzhen Dobot Corp Ltd Class H Corporate Events
Shenzhen Dobot Wins Strong Shareholder Backing for Mainland A Share Listing
Apr 2, 2026
Shareholders of Shenzhen Dobot Corp Ltd approved a series of special resolutions at the company’s first extraordinary general meeting of 2026, clearing the way for an A share offering and listing in mainland China. The meeting, held in Shenz...
Shenzhen Dobot Publishes Audited 2025 Annual Results and Report
Mar 30, 2026
Shenzhen Dobot Corp Ltd, a China-based robotics company listed on the Hong Kong Stock Exchange under stock code 2432, has released its audited consolidated results for the year ended 31 December 2025. The group, led by chairman and general manager...
Shenzhen Dobot Calls EGM to Approve ChiNext A-Share Listing Plan
Mar 18, 2026
Shenzhen Dobot Corp Ltd has convened an extraordinary general meeting for April 2, 2026 in Shenzhen to seek shareholder approval for an initial public offering of Renminbi-denominated A shares and their listing on the ChiNext Market of the Shenzhe...
Shenzhen Dobot Schedules Board Meeting to Approve 2025 Results and Consider Dividend
Mar 18, 2026
Shenzhen Dobot Corp Ltd has scheduled a board meeting for 30 March 2026 to review and approve the annual results of the company and its subsidiaries for the year ended 31 December 2025, and to authorize their publication. The board will also consi...
Shenzhen Dobot Plans Mainland A-Share IPO and Adjusts Governance Structure
Mar 13, 2026
Shenzhen Dobot Corp Ltd plans to launch an initial public offering and listing of A shares on a mainland China stock exchange, issuing up to 48,883,933 new shares, or about 11.11% of its current share capital, with an additional over-allotment opt...
Shenzhen Dobot Grants 8.6 Million H-Share Options to 37 Grantees
Feb 3, 2026
Shenzhen Dobot Corp Ltd has granted 8,638,475 share options to 37 grantees under its H Share Option Scheme, with each option linked to one H share at an exercise price of HK$37.78, above the prevailing market price at the time of grant. The option...
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.