Greenworks Parent Reports First-Half Net Loss

Globe (Jiangsu), the company behind Greenworks, reported a first-half 2026 attributable net loss of approximately CNY 165 million. Its half-year report summary, disclosed on August 28, compared that result with a profit of about CNY 133 million a year earlier.

Revenue was broadly stable at CNY 2.994 billion, up 0.59%. The decline in earnings therefore occurred without a comparable fall in sales. Excluding non-recurring items, the company reported a loss of approximately CNY 159 million, compared with a profit on the same basis in the previous year.

Operating cash flow was negative at approximately CNY 237 million, against positive cash generation a year earlier. Cash flow records the movement of money through operations and differs from the accounting loss, but both measures weakened over the reporting period. The company said it did not plan an interim cash dividend, bonus shares or a capital-reserve share conversion.

The figures cover Globe's consolidated outdoor power equipment business, which includes a much wider portfolio than robotic lawn mowers. They should therefore be read as a group result for January through June. The disclosure does not isolate mower robotics as the cause of the loss or provide that category's separate profitability.