Kaierda, a leading Chinese industrial welding robot maker, published its 2026 half year results. Revenue reached 425 million yuan, up 34.73 per cent year on year. Net profit attributable to shareholders was 28.269 million yuan, up 1,095.30 per cent. Deducted non recurring profit was 24.095 million yuan, swinging from a loss of 2.734 million a year earlier, a gain above 980 per cent. Gross margin was 19.38 per cent, up 10.65 points, and net margin 6.01 per cent, a clear repair in earnings quality.
One caveat: net cash flow from operating activities was negative 5.6312 million yuan, against positive 11.0428 million a year earlier, turning from positive to negative.
Since listing, Kaierda’s net profit has swung. From 2021 to 2023 it fell three years running, from 59.8447 million to 24.8705 million yuan. It recovered slightly to 31.2402 million in 2024, then eased to 26.1732 million in 2025. This half year breakout is a positive signal.
Starting as a Wenzhou workshop, Kaierda has spent decades in industrial welding and is now a national leader. In 2017 it launched its own servo welding equipment, among the first in China. It has built a complete kit centred on industrial robot technology plus welding know how and is a national little giant enterprise.
Notably, Yaskawa, one of the four global robotics giants, holds 8.75 per cent of Kaierda through Yaskawa China, making it the second largest shareholder. The tie is two way: Yaskawa group companies are Kaierda’s main supplier of complete robot bodies, while Kaierda sells dedicated welding equipment to Yaskawa. In the first half of 2026, 58.46 per cent of the industrial robots Kaierda sold outward used purchased complete bodies, of which 57.90 per cent were Yaskawa. Related purchases from Yaskawa were 174.8691 million yuan, 50.72 per cent of total procurement, while sales to Yaskawa were 14.1479 million yuan, 3.33 per cent of revenue.
R&D in the half year was 20.87 million yuan. Kaierda holds 188 intellectual property rights, including 59 domestic invention patents and one foreign. Work spanned collaborative robots, intelligent welding, high end cutting equipment and core sensors. Its integrated drive control collaborative joint reached prototype testing, and the KX950 collaborative body entered small batch trial production.
Technology paid off in volume. Industrial robot sales revenue was 302.2527 million yuan, up 39.04 per cent, with 3,385 units sold, up 42.77 per cent. Self made robots reached 1,406 units, up 44.21 per cent. Welding equipment sales were 95.5929 million yuan, up 27.31 per cent.
Kaierda has made humanoid robots a core strategic track, setting up a wholly owned subsidiary in late 2024. In the first half of 2026 that unit had no revenue and a small loss of 7,910.88 yuan. It has been building the ecosystem through investment: a controlling stake in force and torque sensor firm Kaiweichuan in January, a 30 million yuan increase into Kaituozhijie for a 70 per cent stake in February, and a 30 million yuan increase into quadruped newcomer Jingshi Tech for an 18.11 per cent stake in March. Together they launched the quadruped Black Panther 2.0 and the industrial quadruped Apollo, which climbs 20 centimetre steps, reaches IP67 waterproofing, carries 70 kg in wheel leg form, and runs over six hours untethered.
Editor’s note: This is an adapted translation of the original OFweek report. It has been trimmed and restructured for readability for an international business audience. The full original (in Chinese) is at https://robot.ofweek.com/2026-09/ART-8321202-8120-30701652.html.