Inovance

Headlines · 2

1. Oct 19
   Midea's robotics arm grows revenue but not profit as second-curve test looms

   A commentary by 陆玖商业评论, republished with authorization by TMTPost, says Midea's robotics and automation segment posted H1 2026 revenue of RMB 16.621 billion, up 10.27%, while gross margin fell 1.86 points to 20.9% and the segment accounted for just 6.39% of group revenue — a case of revenue growing without matching profit. Midea group revenue rose 3.55% to RMB 261.052 billion, but non-recurring net profit fell 25.31% and air-conditioner retail sales dropped 15.9%, the article says. It adds that KUKA shipped more than 18,000 industrial robots in China in H1 for a 9.7% share and second place, and held over 50% of the 300kg-plus heavy-payload segment, while the 美罗U and 美拉X2 humanoid robots have demonstrated factory and home tasks but not large-scale external sales.

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2. Oct 9
   Schneider to buy PTC for $22.6B in bid for the industrial AI digital thread

   Schneider Electric announced an all-cash deal to buy US industrial software company PTC at $205 per share, about $22.6 billion, a 42.3% premium to PTC's last close, with closing targeted for Q3 2027 (per the joint announcement). The plan is to link PTC's Creo, Windchill and related product-lifecycle data with Schneider's AVEVA operations data and Cognite's industrial knowledge graph into a single industrial-AI "digital thread"; Schneider shares fell about 9.8% while PTC rose about 33.5%. The article argues China need not copy a closed full-stack model, favoring converging platforms plus specialised segment leaders.

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