# Estun lifts net profit as Chinese robot gross margins widen

*The Chinese automation builder reported a 22% third-quarter net income gain to 18.7 million yuan on Oct. 29, after shedding unprofitable contracts and buying an embodied AI unit.*

**Published:** October 30, 2026  
**By:** Xiuying Luo  
**Section:** Robotics & Automation — China  
**Format:** Company Watch  
**Confidence:** medium  
**Source:** https://eastasiabrief.com/robotics/estun-lifts-net-profit-chinese-robot-gross-margins-widen-1018  
**Publisher:** East Asia Brief (https://eastasiabrief.com/)

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## What to know

- Estun reported third-quarter net profit of 18.7 million yuan on Oct. 29, 2026, lifting nine-month net income to 171 million yuan
- Gross margin widened to 33.64% after shedding low-margin contracts and absorbing Estun Codroid
- Shareholders vote on a 2.99 million share incentive plan at an extraordinary meeting on Nov. 18, 2026

![Workers monitor automated robotic arms welding parts along an industrial assembly line inside a manufacturing facility. (AI-generated image)](https://eastasiabrief.com/media/2026-10-30-430f43b3980a.webp)
*Workers monitor automated robotic arms welding parts along an industrial assembly line inside a manufacturing facility. (AI-generated image)*

Estun Automation reported a 22% rise in third-quarter net profit to 18.7 million yuan ($2.6 million) on Oct. 29, 2026, confirming an operational turnaround across its factory robot lines.

The Nanjing-based company is China's largest domestic industrial robot builder by volume, holding roughly 10% of the domestic market. Third-quarter revenue fell 12% to 1.10 billion yuan ($154.5 million).

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Cite as: East Asia Brief, "Estun lifts net profit as Chinese robot gross margins widen," October 30, 2026. https://eastasiabrief.com/robotics/estun-lifts-net-profit-chinese-robot-gross-margins-widen-1018