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Guangzhou Shangpin Home Collection Co Ltd

Guangzhou Shangpin Home Collection Co., Ltd., together with its subsidiaries, produces and sells customized whole-house panel furniture in China and internationally. It also supplies design software and IT solutions to companies in the home furnishing industry, and provides research and development and technical services for such solutions. In addition, it supplies decoration materials and related home furnishing products to home decoration companies. The company was formerly known as Guangzhou Shangpin Zhaipei Household Products Co., Ltd. and changed its name to Guangzhou Shangpin Home Collection Co., Ltd. in August 2012. It was founded in 2004 and is headquartered in Guangzhou, China.

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China
300616.CS▼2

Shangpin Home Collection posts net loss of 233 million yuan in 2026 interim report, widening year-on-year

Shangpin Home Collection released its 2026 interim report, showing total operating revenue of 1.177 billion yuan, down 24.16 percent year-on-year, and net profit attributable to the parent company of negative 233 million yuan, a decrease of 152 million yuan compared with the same period last year, with the loss widening. Net cash flow from operating activities was negative 277 million yuan, down 59.5196 million yuan year-on-year. The company's asset-liability ratio was 56.27 percent, gross margin was 23.98 percent, down 10.24 percentage points from the same period last year, return on equity was negative 8.61 percent, and diluted earnings per share was negative 1.04 yuan.
300616.CS · Capital · Negative Net loss widened to 233 million yuan with revenue down 24.16% and gross margin down 10.24 percentage points.
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China
Robotics & Physical AI▲

Shangpin Home Collection Half-Year Report: Revenue of 1.177 Billion Yuan, Accelerating AI and Embodied Intelligence Deployment

Shangpin Home Collection released its 2026 half-year report, achieving operating revenue of 1.177 billion yuan in the first half of the year. Facing weak demand in the home furnishing industry and intensifying competition, the company has adhered to its positioning as a provider of technology-driven home living solutions and is making every effort to deploy new tracks in AI intelligence and embodied intelligence. In terms of AI, the company has iterated and upgraded its self-developed multi-agent platform, linked it with the K20 design platform, and opened up the full chain of intelligence from floor plan analysis to production and manufacturing. In the field of embodied intelligence, Shangpin Home Collection has joined hands with Qiyuan Robotics to explore a robot-friendly home model, promote the large-scale implementation of personal robots, and deploy offline experience showrooms as well as physical AI embodied data DaaS business, building a ten-million-level spatial data foundation and opening up a second growth curve. The company is transforming from a traditional home furnishing service provider into an enterprise focused on embodied intelligence scenarios and data technology.
About megatrends
Robotics & Physical AI › Consumer & Home Service Robots Competition
300616.CS · Technology · Positive Company's half-year report highlights AI and embodied intelligence deployment, opening new growth curve.
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Artificial Intelligence▲

Shangpin Home Collection and SWANCOR’s Qiyuan Robot Forge Strategic Partnership to Build China’s First Robot-Ready Home Ecosystem

Shangpin Home Collection and SWANCOR have officially signed a strategic cooperation agreement. The two sides will engage in deep collaboration around SWANCOR’s globally leading consumer-grade embodied intelligence brand, Qiyuan Robot, to jointly build China’s first Robot-Ready Home ecosystem and open up a new track for physical AI embodied data. Shangpin Home Collection Group Chairman Li Lianzhu, Brand Co-General Manager Zhou Weijia, along with SWANCOR CEO Tian Hua and Global Marketing and Service President Zhang Peng, attended the signing ceremony. This cooperation marks the first full-chain, deep ecological collaboration between China’s home furnishing industry and the consumer humanoid robot sector, signaling Shangpin Home Collection’s official strategic upgrade from a traditional whole-house customization service provider to a technology-driven home furnishing and embodied intelligence scenario data enterprise. Leveraging Shangpin Home Collection’s accumulated database of over 3 million real floor plans, more than 30 million design solutions, and its self-developed 3D simulation technology, combined with Qiyuan Robot’s fully self-developed transformable humanoid robot and the ViLLA home embodied large model, the partnership will integrate the full lifecycle requirements of robot navigation, environmental perception, and task execution into the foundational design logic from the very start of whole-house design. It will also establish a comprehensive service system covering scenario construction, simulation training, and compliant dataset output, filling the gap in home training data for the industry.
About megatrends
Robotics & Physical AI › Consumer & Home Service Robots Competition
Robotics & Physical AI › Humanoid Robots Competition
Artificial Intelligence › AI Applications & Copilots Competition
Artificial Intelligence › Agentic AI & Autonomous Workflows Technology
300616.CS · Technology · Positive Shangpin Home Collection partners with SWANCOR to build China's first Robot-Ready Home ecosystem, upgrading from traditional customization to tech-driven embodied intelligence.
688585.CG · Demand · Positive SWANCOR's Qiyuan Robot partners with Shangpin Home Collection to build robot-ready homes, potentially increasing demand for its humanoid robots.
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Robotics & Physical AI▲

Shangpin Home Collection Partners with Qiyuan Robotics to Accelerate Embodied AI in Everyday Home Life

Shangpin Home Collection has entered a strategic partnership with Qiyuan Robotics to jointly promote the deployment of humanoid robots in home settings. The two parties will establish two flagship experience showrooms in Guangzhou. In August this year, a 400-square-metre personal robot experience showroom will open at the Zhengjia store, and in October, an 800-square-metre showroom will be completed at the Qijiang Hui headquarters in Financial City, which will become Qiyuan Robotics' largest experience store globally. The collaboration will leverage Shangpin Home Collection's full-chain digital technology and whole-house customisation design system to build a Robot-Ready Home technology living ecosystem, and expand into the physical AI robot data sector, accelerating the entry of humanoid robots into daily scenarios such as home companionship and elderly care.
About megatrends
Robotics & Physical AI › Humanoid Robots Demand
Aging Population › Senior Care Technology
300616.CS · Technology · Positive Partners with Qiyuan Robotics to deploy humanoid robots in home settings, establishing experience showrooms and building a Robot-Ready Home ecosystem.
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