Swancor booked no robot revenue in the first half against RMB210 million in prepayments, so faster deliveries determine when its RMB164 million robot research spending starts paying back.
Qiyuan Robotics, the consumer robot unit of Shanghai-listed Swancor Advanced Materials, said on October 25 that its 5,000th personal robot had come off the production line. The unit’s Q1 and T1 robots went on sale on September 20, so the milestone came five weeks into sales. Gao Quanzhong, Qiyuan’s co-president and head of its central research and development department, said the line now finishes one robot every 2.5 minutes and that daily output has risen from just over 10 units to more than 200, IT Home reported, citing the company’s official account. Beijing Business Today and Jiemian carried the same production figures.
The number matters because Qiyuan carries the consumer robot ambitions of AGIBOT, the Shanghai humanoid maker that took control of Swancor in 2025. A cumulative total of 5,000 is a production figure. None of the reports says how many of those robots have been delivered to paying customers or how many orders remain open.
Shipping was scheduled to start on October 1 in order of purchase, according to a September report by Huanqiu.com. The base Q1 and T1 each cost RMB19,999; the Q1 Explorer Edition, which opens software and hardware interfaces for developers, costs RMB26,999, and the T1 Pro, with an Nvidia Orin Nano chip and automatic return to its charger, costs RMB29,999.
Qiyuan built its line with suppliers and its own tracking software
Qiyuan says it set up raw-material warehouses together with suppliers, built what it calls a first-of-its-kind semi-automated assembly line, and installed an end-to-end manufacturing IT system so that every unit can be traced through production, IT Home reports. A post about the milestone on The Paper’s Pengpai Hao platform, where outside accounts publish, lists the durability tests: wiring harnesses bent a million times, joints run through 100,000 cycles, and modules put through impact tests.
"Since the production line started, Qiyuan Robotics has gone from 0 to 5,000 units in stable mass production in only one month," Gao is quoted as saying in that post. He also said some users spend more than an hour a day with the robot, heavy users more than three hours, and that average effective interactions exceed 150 a day. These are company figures and have not been checked independently.
The Q1 is a small humanoid about 88 cm tall that first appeared on December 31, 2025, and the T1 is a transforming robot that debuted at the World Artificial Intelligence Conference in July 2026, according to Yicai. Their features center on learning courses, graphical programming, voice games, singing and dancing, and following the owner to film video. An over-the-air software update due in late October adds English speaking practice for children with NetEase Youdao’s Hi Echo, the post says.
Swancor is paying for Qiyuan while its revenue sits in prepayments
Swancor placed its consumer robot work in Qiyuan Xinchuang (Shanghai) Technology, a wholly owned subsidiary in Shanghai’s Zhangjiang Robot Valley that plans at least two new consumer robots a year, IT Home reported in July. Swancor, a listed materials maker, came under AGIBOT’s control in September 2025: Zhiyuan Hengyue, a holding vehicle set up by the AGIBOT team, and a partner entity took 29.99% of the shares and launched a tender offer for 37% more, and AGIBOT chairman Deng Taihua became the actual controller, The Paper reported. Swancor built its robot research on a transfer of patents from AGIBOT, according to Jiemian’s June report.
The cost shows in Swancor’s accounts. Swancor’s interim report showed zero robot revenue for the first half, alongside RMB210 million in customer prepayments for its consumer robots. Revenue rose 2.42% to RMB803 million, but the company swung to a net loss of RMB167 million, Yicai reported; of RMB180 million in research spending, RMB164 million, about 91%, went to the consumer robot business.
Qiyuan’s next test is whether its sales channels keep pace with the line
Qiyuan is adding sales outlets beyond its authorized experience stores in seven cities. In September, Qiyuan and custom-furniture company Shangpin Home Collection (尚品宅配) set up a joint venture, Shangyuan Zhiqi (Guangzhou) Robotics Technology, to sell personal robots for homes, offer subscriptions and build a developer community, according to Jiemian’s report on the venture. On October 25, Shangpin Home told institutional investors that the venture currently focuses on adapting robots to new uses and on product sales, a Sina Finance digest citing Securities Times reported. Other Chinese startups, such as KNOWIN, are raising money for home robots that are not yet in production.
Production is now running ahead of the evidence on demand. Swancor’s next periodic report will be the first to show how much of the RMB210 million in prepayments has turned into recognized revenue, and whether the 200-a-day line is matched by orders.