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Due to factors such as slow order conversion, high three expenses, and other factors, the performance of Yijiahe, a leading special robot company (603666.SH), continues to be under pressure.

Today's financial report shows that in the first half of the year, net profit loss of Yijiahe exceeded 85 million yuan, an increase of about nine percent compared to the same period last year. Financial reporters from CaliLink noticed that among the A-share robot companies, Yijiahe's three expenses expense ratio ranks among the top. In addition, today's robot concept stocks fluctuated downward, and Yijiahe closed at the limit down.

Since 2022, Yijiahe has been in a loss. The financial report shows that in the first half of this year, Yijiahe achieved operating income of 0.142 billion yuan, a year-on-year decrease of 49.14%; net profit attributable to shareholders of the listed company was -85.0341 million yuan, compared to -46.3754 million yuan in the same period last year. The company stated that the main reason was the decrease in revenue leading to a decrease in gross profit.

In addition, Yijiahe is also facing a cash flow problem. In the first half of the year, the net cash flow from operating activities was -7.5146 million yuan, compared to 83.3796 million yuan in the same period last year. This was mainly due to an increase in cash for purchasing commodities and accepting labor payments compared to the same period last year.

Yijiahe stated that in recent years, the company has been actively promoting the development strategy of "robot + industry." Due to factors such as market conditions and order delivery cycles, revenue in the first half of 2024 has declined year-on-year. While maintaining investment in various business areas, the company has made optimization efforts in various management aspects. Expenses have declined overall in the first half of the year, but the expense ratio remains at a high level, resulting in a negative net income.

CaliLink reporters calculated that Yijiahe's sales expense, management expense, and financial expense as a percentage of revenue are 20.76%, 38.51%, and 7.10%, respectively. According to Wind data statistics, among all A-share robot companies that have released their semi-annual reports, except for being ranked second in terms of management expense ratio, only second to Jingpin Special Equipment (688084.SH), Yijiahe has the highest sales expense ratio and financial expense ratio.

Among them, Yijiahe's management expenses in the first half of the year amounted to 54.6151 million yuan, an increase of 17.33% compared to the same period last year. The company stated that this is mainly due to the increase in fixed asset depreciation and amortization, as well as the increase in management optimization costs compared to the same period last year.

In recent years, the country has been increasing its support for the robotics industry, and the scale and market demand of the robotics application market have been continuously increasing. However, Yijiahe also pointed out that with the vigorous development of the robotics industry, the number of other emerging robotics manufacturers will rapidly increase, and industry competition will become increasingly fierce.

Despite facing many challenges, Yijiahe still firmly believes in the long-term development of the robotics+AI track. Previously, the company has made arrangements in the fields of "humanoid robots" software and hardware, as well as related landing scenarios, and has deep cooperation with Tencent Cloud, including cutting-edge technology research and development of physical robots, exploration and implementation of artificial intelligence "platform+ecosystem" in the industry, and more.

According to the financial report, in the first half of 2024, in the field of artificial intelligence related technologies, the company has always focused on the research and application of AI technology. The focus of the work is on the deep optimization of the "AI platform" and the "data management platform", and the successful integration of the two. Regarding the previously released multimodal fusion technology large model YJH-LM, in the first half of the year, the company successfully deployed tasks such as voice interaction and image recognition, and successfully realized the function of natural language understanding and image understanding.