Topstar grows industrial robot business; self-made articulated robot revenue up sharply in H1 2025

Evidence notes
- Industrial robot revenue increased 22.55% year on year in the first half of 2025
- Self-made articulated industrial robot revenue increased 80.86% year on year
- Cartesian robot revenue increased 21.01% year on year
Company context
Topstar is a real industrial robotics company with articulated robots, Cartesian robots, and broader factory-automation systems. Its current humanoid angle is factory-oriented rather than general-purpose consumer robotics.