Independent industry intelligence Global edition

Company intelligence / Research dossier / HKEX: 2432

DOBOT Robotics

Hong Kong-listed robot maker headquartered in Shenzhen and founded in 2015 by Liu Peichao, with a longstanding cobot business and a growing humanoid range. ATOM includes legged Max/Trainer, a stationary D data platform and wheeled W; separately documented II and Standard names lack complete current configuration mapping. LUMO L1 adds compact interaction and education models in Standard/Max editions. First ATOM batch delivery in Japan and reporter-observed K 11 popcorn work are more specific evidence than exhibition demos, but neither establishes broad factory reliability. Exact model safety files, software rights, European service and delivered options remain procurement gaps.

Company dossierResearch updated Nov 2, 2026HKEX: 2432
DOBOT emblem and wordmark logo

Logo: DOBOT Robotics · Official inline vector emblem and wordmark; original path geometry preserved, rendered in black.

Commercial Context

German office: Werner-Heisenberg-Straße 2 a, 63263 Neu-Isenburg. Company presence supports a local commercial contact; ATOM/LUMO repair authorisation, parts stock, dispatch times and safety training are not established. Whole-company >100000 cobot deliveries/100+ countries cannot be counted as humanoid exports.

Product Focus

Industrial collaborative robots, ATOM legged, stationary data and wheeled humanoids, LUMO L1 interaction and education humanoids, X-Trainer paired-arm AI training equipment

Export Markets

Europe: German office and IFA demo verified; exact humanoid supply by contract, Japan: Nagoya first ATOM batch with ASKA, June 2025, North America and Asia: offices and company-wide cobot channels

EU Support and Service

EU officesGermany: Werner-Heisenberg-Straße 2 a, 63263 Neu-Isenburg (current official company page)
Service regionsChina, Germany / Europe commercial contact, Japan, United States, Thailand, Malaysia
DistributorsEuropean seller listings and maker brochures hosted by Funduino, Dobot.nu and Autodiscovery; exact humanoid authorisation/service scope needs confirmation, Electromate publishes LUMO L1 offers and manufacturer brochure; local stock/lead time not established
IntegratorsASKA Corporation: maker-named Japanese first-batch ATOM delivery partner, June 27, 2025; exact variant and support contract unknown
Support languagesChinese and English public documentation; other office languages/SLAs by contract
Spare partsNo exact humanoid European parts warehouse verified; request pack, drive, hand, camera and chassis spare list
WarrantySeptember ATOM manual and December Max/D brochure state one year. Applicability, battery/hand exclusions and transport/labour charges require the exact configuration contract. Published industrial 15-month policy omits ATOM/LUMO. LUMO/W exact warranty unknown.
TrainingAvailable

General service page advertises 12 h initial reply/24-7 phone/36 h onsite when necessary; country/model contract coverage unverified. Max brochure lists onsite training available and D unavailable; academy listings concern CRA and cannot establish humanoid certification.

Risk and Due Diligence

Risk levelUnknown
CybersecurityNative C++ RPC/CycloneDDS and ROS2 motion-control examples are public; low-level examples move real hardware. No universal open licence, hardening baseline, signed-update/SBOM or supported firmware lifetime established. Vulnerability-reporting process exists; it is not product certification.
Data hostingLUMO brochure claims personal data stored locally by default and no cloud upload without consent; not independently audited or a guarantee every AI feature works offline. General programming privacy policy includes accounts, network/device logs and consented third-party cloud teaching features. Humanoid-specific egress, retention and EU hosting unverified.
Export controlsNo exact humanoid customs/dual-use classification or configuration-specific export approval inspected.
Supply chainEstablished cobot business and German office do not prove ATOM/LUMO spare interchangeability or repair tooling. Competing mass/charging/DOF definitions require a dated bill of materials.

Financial statements and public listing provide issuer-level transparency; shipment announcements and cinema observation do not establish fleet-wide autonomous factory uptime. Numeric readiness scores removed because no reproducible evaluation supported them.

Funding and IPO Status

Issuer September 2026 interim filing: December 2024 HK offering plus January 17, 2025 over-allotment net HKD 756.7 million; two completed 2025 placements (agreements July 15/November 6) net HKD 1022.2 million / HKD 771.0 million. These are distinct completed transactions, not private funding rounds. Proposed A-share financing remains separate and uncompleted in inspected evidence. H 1 2026 whole-company revenue about CNY 320 million; IFRS net loss CNY 107.937 million, adjusted non-IFRS loss CNY 64.013 million. These are not humanoid-only sales.

Sources and Further Reading

  • ATOM Max and D official product descriptions ↗ DOBOT Robotics · Accessed Nov 2, 2026

    Official Max and D descriptions. Max’s 41 joints include the hands; D has 16 body joints. ROM-1’s 24 Hz inference, NDS’s 200 Hz control and 28 upper-body joints describe different subsystems. The claimed 42% energy reduction has no complete comparison protocol and is not a runtime measurement.

  • ATOM-W manufacturer brochure D251011 ↗ DOBOT Robotics; hosted by Funduino · Accessed Nov 2, 2026

    Manufacturer brochure hosted by Funduino: 1,785 × 500 × 500 mm; 20 joints excluding hands; optional six-joint hands; 3.5 kg rated arm load; 600 mm reach; 45 Ah battery; 1.5 m/s chassis speed. Its 32-joint upper-limb prose differs from the later 28-joint exhibition account. Print code D251011 is not a verified launch day.

  • Current issuer investor disclosures ↗ DOBOT Robotics · Accessed Nov 2, 2026

    Issuer announcement list checked through October 30, 2026, including the September interim report and October H-share buybacks and returns. No completed A-share listing verified. The dated interim report supports completed transactions and the reported application stage, without predicting registration timing.

  • DOBOT company history, offices and portfolio ↗ DOBOT Robotics · Accessed Nov 2, 2026

    Company history identifies July 30, 2015 incorporation, founder Liu Peichao and Shenzhen headquarters. The German office is at Werner-Heisenberg-Straße 2a, 63263 Neu-Isenburg. Company-wide cobot deliveries and overseas offices do not establish humanoid shipments, local spare stock or humanoid repair authorisation.

  • DOBOT current customer-service promises ↗ DOBOT Robotics · Accessed Nov 2, 2026

    General customer-service page advertises a 12-hour initial reply, 24/7 telephone access and 36-hour onsite response when needed. Exact humanoid, country and contract applicability is not established. These are not verified universal German repair commitments.

  • DOBOT LUMO L1 official introduction ↗ DOBOT Robotics · Accessed Nov 2, 2026

    Official navigation and introduction identify LUMO L1 for interaction, research and education. The short page lacks a detailed specification matrix; the manufacturer-authored brochure supplies edition-specific hardware. The earlier ATOM R&D prototype’s dimensions are not substituted.

  • DOBOT onsite academy programme ↗ DOBOT Robotics · Accessed Nov 2, 2026

    Visible onsite academy listings concern completed CRA and technical certification courses. They establish a company training service without proving humanoid-specific certification. The separate Max/D brochure lists Max onsite training available and D onsite training unavailable.

  • DOBOT programming-platform privacy policy ↗ DOBOT Robotics · Accessed Nov 2, 2026

    General programming-app policy covers account, device, network and log data, including consented third-party cloud teaching functions. It does not establish a complete ATOM/LUMO data-flow map or European hosting. LUMO’s local-default personal-data claim is separate and has not been independently audited.

  • DOBOT vulnerability disclosure process ↗ DOBOT Robotics · Accessed Nov 2, 2026

    Published vulnerability process describes encrypted reporting, acknowledgment within two business days, initial triage within five business days and progress updates. Exact humanoid firmware support lifetime, patch commitments, SBOM and security-advisory coverage remain unverified. A reporting process is not a product certification.

  • Industrial robot service policy scope ↗ DOBOT Robotics · Accessed Nov 2, 2026

    Policy explicitly covers CRA/CR, Nova, M1 Pro and MG400 products. ATOM and LUMO are omitted. Its 12 months in service, maximum 15 months from shipment, and replacement terms therefore are not assigned to humanoids. Obtain the model-specific contract.

  • LUMO L1 Standard and Max maker brochure D20260807 ↗ DOBOT Robotics; hosted by Electromate · Accessed Nov 2, 2026

    Six-page manufacturer brochure hosted by Electromate. Standard and Max are 1,240 mm tall with 30 body joints and a 1.5 kg arm rating. Weights of 40.5 and 41 kg include the battery. Typical-motion runtime is about two hours. Max adds stereo RGB-D, LiDAR and Thor T4000 compute. Advertised features remain subject to release; prototype hands depend on configuration.

  • DOBOT Interim Report 2026 ↗ Shenzhen Dobot Corp Ltd / issuer investor relations · Published Sep 30, 2026 · Accessed Nov 2, 2026

    Issuer filing confirms the December 23, 2024 Hong Kong listing. Net global-offering proceeds including the January 2025 over-allotment were HKD 756.7 million; two completed 2025 placements raised net HKD 1,022.2 million and HKD 771.0 million. The proposed A-share offering passed the exchange committee on July 22, 2026; final registration or listing is not established.

  • LUMO at IFA Berlin 2026 ↗ DOBOT Robotics · Published Sep 23, 2026 · Accessed Nov 2, 2026

    Manufacturer reports LUMO’s expressive movements and runway appearance at IFA Berlin, September 4–8; article posted September 23. This establishes a European exhibition, not a paid customer deployment or home-use approval. Rover, Pandabo and the dinosaur platform are separate non-humanoid products.

  • ChiNext draft prospectus submitted for committee review ↗ Shenzhen Dobot Corp Ltd / Shenzhen Stock Exchange · Published Jul 15, 2026 · Accessed Nov 2, 2026

    July draft identifies the legal company, July 30, 2015 incorporation, 2022 joint-stock conversion and controller Liu Peichao. Its 1.2 m, approximately 38 kg, 30-joint R&D prototype is not explicitly mapped to the later LUMO L1 retail editions. Proposed financing and development projects are plans, not completed proceeds.

  • ATOM Max and ATOM-W at Robot Technology Japan ↗ DOBOT Robotics · Published Jun 22, 2026 · Accessed Nov 2, 2026

    Maker report of the June 11–13 exhibition, posted June 22. It identifies Max with 41 joints and ATOM-W with 28 upper-body joints. The W brochure instead gives 20 joints excluding hands and 32 upper-limb joints. Exact revision mapping remains unclear; an exhibition date is not the initial release date.

  • DOBOT 2025 annual results and product chronology ↗ Shenzhen Dobot Corp Ltd / HKEXnews · Published Mar 30, 2026 · Accessed Nov 2, 2026

    Issuer report names ATOM, ATOM II and ATOM-W within 2025, and distinguishes X-Trainer as a robotic-arm AI training platform. Approximately CNY 492 million revenue, CNY 84 million net loss and CNY 115 million R&D concern the entire company, rather than humanoid sales alone.

  • Reporter observation of ATOM at Shenzhen K11 cinema ↗ Guangzhou Daily / Dayoo · Published Jan 4, 2026 · Accessed Nov 2, 2026

    Reporter Ruan Yuanyuan describes observed popcorn serving, voice ordering and recovery after a container was moved. The article’s 14-hour, 1,000-cup, zero-error site-test claims lack raw logs and power-cycle accounting. They are not a verified single-pack runtime or long-term fleet statistic. Exact ATOM variant remains undisclosed.

  • ATOM Max and D manufacturer brochure D20251215 ↗ DOBOT Robotics; hosted by Funduino · Published Dec 15, 2025 · Accessed Nov 2, 2026

    Manufacturer-authored brochure hosted by Funduino. Max is approximately 1,650 mm and 58 kg excluding tools; D is approximately 650 mm and 26 kg excluding tools. Both list 3.5 kg rated arm payload and 5 kg maximum. Max has 29 body plus 12 hand joints. Mass and charging figures differ from the September guide; obtain the exact bill of materials.

  • ATOM Quick Start V1.1 original instructions ↗ SHENZHEN DOBOT CORP LTD; hosted by Autodiscovery · Published Sep 4, 2025 · Accessed Nov 2, 2026

    Manufacturer’s September guide hosted by Autodiscovery. The specification table distinguishes Max, Trainer and D; Standard is only named in the scope. It requires hoisting during startup, debugging and shutdown. The soft stop enters damping and can allow a fall; the hard stop removes power. Charging voltage is not nominal pack voltage.

  • First ATOM batch delivery at Nagoya launch ↗ DOBOT Robotics · Published Jun 30, 2025 · Accessed Nov 2, 2026

    Manufacturer reports the first ATOM batch delivered at the June 27, 2025 Nagoya launch with Japanese integrator ASKA. The article was posted June 30. It does not identify the exact Max, Trainer or II configuration, disclose the batch size, or establish independently audited fleet reliability.

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