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Unitree IPO draws spotlight to China's fast-growing humanoid robot sector_我的网站

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Unitree Robotics’ humanoid robot is displayed at the 14th China Information Technology Expo in Shenzhen, South China’s Guangdong Province, on April 10, 2026. Photo: VCG
Chinese robot maker Unitree Robotics on Monday opened subscriptions for its initial public offering (IPO) on the Shanghai Stock Exchange's STAR Market, putting a leading player in China's fast-growing humanoid robot industry in the capital-market spotlight.
The Hangzhou-based company is offering about 40.45 million shares at 150.80 yuan (about 22 U.S. dollars) each, representing 10 percent of its post-offering share capital. The offering is expected to raise about 6.10 billion yuan in gross proceeds.
The offering drew overwhelming interest during preliminary price inquiries. After invalid bids and the highest-priced portion of proposed subscriptions were excluded, the remaining proposed offline subscriptions totaled 71.46 billion shares, 2,760.67 times the initial offline offering size before adjustment for strategic placement, according to the issuance announcement.
Founded in 2016 as a civilian robotics company, Unitree has established leadership in core robot parts, motion control, robot sensing and other comprehensive fields, focusing on high-performance general-purpose humanoid and quadruped robots, robot components and embodied intelligence models.
The company's prospectus shows that from 2023 to 2025, Unitree sold 33,294 quadruped robots and 5,632 humanoid robots. Its humanoid robot shipments exceeded 5,500 units in 2025, excluding wheeled dual-arm robots.
Unitree's revenue rose to 1.70 billion yuan in 2025 from 392.77 million yuan in 2024 and 159.13 million yuan in 2023. It posted a net profit of 278.21 million yuan in 2025, while the net profit attributable to the parent company after excluding non-recurring items stood at 590.75 million yuan, according to the prospectus.
Overseas sales remain an important part of the business, generating revenue of 731.66 million yuan in 2025 and accounting for 43.65 percent of its main-business revenue.
Having gone through the STAR Market's pre-review mechanism, the company saw its IPO application accepted by the Shanghai Stock Exchange on March 20 and approved by the listing committee on June 1, a span of just 73 days, marking a record pace, according to the China Securities Journal.
Unitree's IPO comes as robotics, AI-related products and innovative drugs are emerging as three new drivers of China's export growth, following the previous "new three" of electric vehicles, lithium batteries and photovoltaic products.
Trade data underscores the momentum. China became a net exporter of industrial robots for the first time in 2025. In the first half of 2026, its industrial robot exports reached 6.29 billion yuan, up 18.6 percent year on year, with products shipped to 141 countries and regions, while intelligent biomimetic robot exports exceeded 10,000 units, according to customs data.
Minister of Science and Technology Yin Hejun has said the three emerging sectors are developing rapidly and could become new pillar industries. Their rise points to a structural shift in China's trade advantages, as the country's global economic engagement increasingly extends beyond manufactured goods to technologies, digital capabilities and services.
Unitree plans to invest about 4.20 billion yuan of IPO proceeds in four projects covering intelligent-robot model research, robot-body research and development, new intelligent-robot products and an intelligent-robot manufacturing base.
The projects are intended to strengthen the company's research capabilities, expand production capacity and accelerate the application of general-purpose robots across more scenarios, according to the prospectus.
Brokerages including China Securities Co., Ltd. and Wanlian Securities have highlighted 2026 as a key year for humanoid robot applications and commercialization. China Securities Co. expects improving generalization capabilities to support broader deployment in industrial and commercial scenarios, while Wanlian Securities sees the year as a key window for mass-production validation and real-world scenario deployment.
。 7月20日，2026世界人工智能大会暨人工智能全球治理高级别会议在上海闭幕，这场为期四天的大会，已不再仅仅是一场前沿科技的“秀场”，更演变为了全球AI规则制定与地缘政治交锋的核心阵地。当中国AI产业面对严苛的外部出口管制，外媒的聚光灯究竟对准了哪里？本期节目，我们将透过《纽约时报》、路透社、半岛电视台等外国主流媒体的报道视角，还原一个在国际视野中真实崛起的中国AI生态。我们将为你拆解突破封锁的底层硬件架构创新，复盘月之暗面Kimi K3大模型“开源且廉价”的策略对海外资本市场带来的巨大冲击，并深入探讨首个落户上海的“世界人工智能合作组织”（WAICO）将如何重塑全球南方国家的数字未来。

二 | 此外，本期节目还特别汇集了理查德·萨顿、姚期智、约书亚·本吉奥、朱松纯等国内外顶尖学者在大会上的巅峰思想交锋。当机器开始主动思考，人类何去何从？“无脑堆算力就能实现通用人工智能（AGI）”是否只是一场资本的营销？在AI全面超越人类部分技能的明天，我们又该如何守住人类不可替代的“社会智能”与核心竞争力？ -主播- 张无为 -时间轴- 02:20 中国AI硬件与应用的“工业化时刻” 06:40 外媒视角的撕裂——“技术陷阱”的指控与“普惠福音”的拥抱 13:05 WAICO——全球AI治理新秩序的上海坐标 16:40 顶尖大脑的思想交锋 17:05 理查德·萨顿：跨越数据枯竭，迈入“经验时代” 18:40 姚期智：AI蜕变为“主动发现者”与教育体系的重塑 20:20 朱松纯：直面差距，重塑中国AI的“原创性”与“德力” 23:50 约书亚·本吉奥：在超级智能的悬崖边构筑“护栏” 15:35 苏昊：补齐“物理智能”这缺失的一课。

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Published on:10:04:46