全球协作机器人销量领先的越疆科技推出了具身恐龙产品，在深圳自然博物馆展出会呼吸、转头、互动的仿生恐龙[1]。越疆希望通过这一新产品进入文旅和消费市场，摆脱工业机器人市场激烈竞争和长交付周期的困境[1]。
2025年越疆协作机器人全球市场份额达到13.2%，累计装机量超过10万台[1]。同年具身智能机器人业务收入为2004万元，同比增长418.8%，但仅占总营收的4.1%[1]。相比之下，具身智能研发费用达4510万元，占当年研发投入1.15亿元的39.3%[1]。
尽管业务增速可观，但盈利前景仍不明朗[1]。2023年至2025年越疆营收从2.87亿元增至4.93亿元，但期间累计亏损约2.82亿元[1]。越疆在港股上市不到两年后冲刺创业板，计划募资约12亿元[1]，从申请受理到上市委审议通过仅用86天[1]。公司预计要到2028年才能实现整体盈利[1]。
Yuanjiang Technology, the world's leading manufacturer of collaborative robots, has unveiled a biomimetic dinosaur product designed to breathe, turn its head, and interact with visitors, marking its expansion into the cultural tourism and consumer markets.[1] The company displayed this embodied intelligence robot at the Shenzhen Natural Museum in July 2025.[1] This strategic pivot represents an effort to escape the intense competition and lengthy delivery cycles that characterize the industrial robotics sector.[1]
The company achieved a 13.2 percent global market share in collaborative robots as of 2025, with cumulative installations exceeding 100,000 units.[1] Revenue grew from 287 million yuan in 2023 to 493 million yuan in 2025, though the company accumulated losses of approximately 282 million yuan over this period.[1] The embodied intelligence robotics division generated 20.04 million yuan in revenue in 2025, representing a year-over-year increase of 418.8 percent, but this segment accounted for only 4.1 percent of total revenue.[1] Research and development spending reached 115 million yuan in 2025, with embodied intelligence research accounting for 45.1 million yuan, or 39.3 percent of total R&D investment.[1]
Yuanjiang's profitability outlook remains uncertain despite its aggressive investment in new product lines. The company applied for and received approval from the ChiNext committee in just 86 days, planning to raise approximately 1.2 billion yuan through its listing.[1] This listing follows its Hong Kong Stock Exchange debut by less than two years.[1] Analysts project that the company will not achieve overall profitability until 2028.[1]
