The Chinese component maker’s embodied-intelligence sales rose sharply, yet the business remains a small part of revenue and has not lifted earnings.
Changying Precision’s latest results show a wide gap between growth in humanoid-robot components and financial returns. The company reported RMB16.453 billion in revenue for the first three quarters of 2026, up 21.78% from a year earlier. It also reported a RMB66 million net loss, compared with a RMB468 million profit in the same period last year, according to TMTPost.
The company’s embodied-intelligence and emerging technology hardware segment generated RMB419 million, up 532.67% year on year. That sounds substantial, but it represented only 2.5% of total revenue. The category also includes other emerging hardware, so the figures do not show exactly how much came from humanoid robots.
Changying is an upstream supplier: it makes components rather than selling complete robots under its own brand. TMTPost says the company’s Shenzhen robot manufacturing park is operating, while its Yibin base has begun operations and can handle component production from mold development through mass production. Those facility details have not been independently verified in the supplied reporting.
Changying previously said it delivered more than 1.1 million humanoid-robot components from January through August. That is a component count, not a measure of complete robots or profit. The company also said orders in the third and fourth quarters were growing faster than in the first half.
For now, higher orders must still overcome heavy costs. Changying’s first-three-quarter research and development spending reached RMB1.304 billion, while component suppliers typically depend on processing fees and face pricing pressure from larger customers. The next meaningful test is whether rising volumes can improve margins, not merely sales.