DOBOT Company Profile: History, Financials, Products, Leadership and Stock

Oct 11

3 min read

Updated: Oct 15

DOBOT is a Shenzhen robot maker that ranked first in the world by collaborative robot sales volume in 2025, with a 13.2% share. It has been listed in Hong Kong since December 2024, reported revenue of RMB 493 million for 2025 and is still loss-making. This profile sets out its history, results, products, leadership and listings.

DOBOT at a Glance

Fact	Detail
Company	Shenzhen Dobot Corp Ltd
Founded	June 2015, by Liu Peichao and Lang Xulin
Headquarters	Shenzhen, Guangdong, China
Revenue	RMB 493 million in 2025
Net loss	RMB 84 million in 2025
Market position	First in global cobot sales volume in 2025, with 13.2%
Stock listing	Hong Kong Stock Exchange: 2432, since December 23, 2024
Market value	About HKD 12 billion in mid-2026
Chairman and CEO	Liu Peichao

Company History

Liu Peichao and Lang Xulin founded Dobot in June 2015. Its first product, a desktop robot arm, was financed through a Kickstarter campaign that October which raised more than USD 600,000 against a goal of USD 36,000. The Dobot Magician and the M1 SCARA arm followed in 2016, and the Magician became a common teaching robot. The company then moved into industrial collaborative robots with its CR series.

Dobot listed in Hong Kong on December 23, 2024, raising HKD 681 million at HKD 18.80 a share. Liu Peichao held 26.6% before the offering and was the largest shareholder.

Key milestones

2015: Founded; Kickstarter campaign.
2016: Magician and M1 launched.
2023: Magician E6 and CRA series launched.
2024: Hong Kong listing.
2026: Atom humanoid launched; application for a second listing in Shenzhen accepted.

Financial Performance

Year	Revenue	Net loss
2023	RMB 287 million	RMB 103 million
2024	RMB 374 million	RMB 95 million
2025	RMB 493 million	RMB 84 million

Revenue grew about 72% in two years while losses narrowed. In the first quarter of 2026 revenue doubled from a year earlier to RMB 112 million. Research and development spending rose nearly 60% in 2025 to RMB 115 million, about 23% of revenue. The company does not expect to break even before 2028.

Two pressures are visible. The average selling price of its robot arms fell from RMB 65,900 in 2021 to RMB 38,200 in 2025, and gross margin slipped from 48.5% in 2023 to 46.5% in 2025.

Products

Line	Description
CRA and CR series	Six-axis collaborative robots; revenue from six-axis arms rose 44.7% in 2025 to RMB 302 million
Nova series	Lightweight cobots for commercial and service uses
MG400 and M1 Pro	Desktop arm and SCARA robot
Magician series	Education robots
Atom	Humanoid robot, in two-legged and wheeled versions
Hexplorer, Rover X1 and X-Trainer	Six-legged, four-legged and dual-arm embodied-intelligence robots

The cobot range covers more than 30 models with payloads from 0.25 kg to 30 kg. In 2023 overseas sales were 59.1% of revenue.

DOBOT product reviews on All Things Cobots

Leadership

Name	Role
Liu Peichao	Co-founder, Chairman and Chief Executive Officer
Lang Xulin	Co-founder

Stock Information

Item	Detail
Listing	Hong Kong Stock Exchange: 2432
Offer price	HKD 18.80 in December 2024
Market value	About HKD 12 billion in mid-2026, more than 60% below its peak above HKD 30 billion
Planned second listing	ChiNext board of the Shenzhen Stock Exchange, to raise RMB 1.2 billion

About two-thirds of the planned Shenzhen proceeds are earmarked for multi-legged and humanoid robots. Commentators have described the valuation, about 21 times sales, as stretched for an unprofitable industrial robot maker.

Note: market values are indicative figures from mid-2026 and change daily. This section is general information, not investment advice.

Strengths and Challenges

Strengths

First place in global cobot sales volume for two consecutive years.
Fast revenue growth with narrowing losses.
Most sales made outside China.

Challenges

Continuing losses, with break-even not expected before 2028.
Falling selling prices.
A large bet on humanoid robots that so far bring little revenue.

Current Catalogue Coverage

Catalogue checked on 15 October 2026: 16 associated product records. The links below are representative entries, rather than a claim that every historical model is currently available.