Changying Precision posts Q3 loss as embodied AI revenue surges
Changying Precision reported 2026 first-nine-month revenue of RMB 16.453 billion, up 21.78% year over year, but net profit swung to a RMB 66 million loss. Revenue from embodied intelligence and emerging technology hardware rose 532.67% to RMB 419 million, though it accounted for only 2.5% of total revenue and had not yet made a sufficient profit contribution. TMTPost said higher R&D spending, foreign-exchange pressure, intense competition and weaker bargaining power weighed on margins.
The results show that rapid growth in an embodied-AI-related business had not yet translated into group-level profitability for Changying Precision.
人形机器人热度席卷A股市场。三季报披露前夕，人形机器人板块情绪持续升温，长盈精密在股价也随之走出一波上扬。
10月28日晚间披露的2026年三季报，却和股价呈现不样的走势。虽然公司整体营收持续扩张，新能源、具身智能两大新兴业务收入高速增长，其中具身智能业务更是同比增幅超5倍，但是公司前三季度的净利润却转为亏损，赛道红利尚未转化为账面利润。
收入狂奔利润失速
财报数据显示，长盈精密2026年前三季度实现营业收入164.53亿元，同比增长21.78%；净利润亏损0.66亿元，同比下滑114.16%，去年同期盈利4.68亿元；扣非净利润亏损0.82亿元。第三季度单季营收57.24亿元，同比增长17.52%，归母净利润亏损0.84亿元。
