Beijing Geekplus rises most in 3 weeks on robust H1 revenue forecast

Beijing Geekplus Technology

05/08/2025 05:56

** Shares of Beijing Geekplus Technology 2590.HK rise 7.7% to HK$18.26, on track for the biggest one-day gain since July 14

** Stock hit highest since July 24

** The Chinese warehouse autonomous mobile robots (AMR) solutions provider expects to record revenue of 995 million-1,030 million yuan ($138.54 million-$143.41 million) for six months ended in June, up 27%-32% y/y with H1 net loss seen narrowing 90%-92% y/y to 45 million-55 million yuan

** Company, with a current market capitalisation of $2.98 bln, says the increase in revenue is due to a rise in the delivery of warehouse fulfillment AMR solutions, among others

** Hang Seng Tech Index .HSTECH and Hang Seng Index .HSI both gain 0.3%

($1 = 7.1820 yuan)

($1 = 7.8499 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))