Aston Robotics Reports H1 Net Profit Guidance of 153-180M Yuan, Up 2144% YoY; Stock Rises 4%

Aston Robotics (02715) reported first-half net profit guidance of 153 million to 180 million yuan, representing a year-over-year increase of 2,144% to 2,594%, according to company announcement. The stock rose 4% to 21.32 Hong Kong dollars as of press time.

The earnings improvement was driven by optimized product mix, improved efficiency reducing costs, lower period expenses, and non-recurring gains from a restructuring of associate company Nanjing Craft. The company is also planning to acquire Aston Coozuo, a developer of collaborative and embodied robotics.