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

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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.
。 1月16日晚,《纵深推进—贵州正风肃纪反腐》第一集《紧盯关键少数》在贵州卫视播出。

B | 专题片披露了黔东南州委原书记安九熊的违纪违法细节。

C | 专题片称,安九熊42岁成为正厅级领导干部,46岁任市(州)党委书记,47岁被查处,成为近年来贵州第一个任上被查的市(州)党委书记。“政治攀附”是安九熊人生轨迹的关键词,他攀附的是先后任贵州省省长、省委书记的孙志刚。安九熊出生于1976年9月,早年在铜仁工作,2014年任贵阳市政府秘书长,2016年起相继担任省政府副秘书长、省委副秘书长、省委常务副秘书长等职。2021年9月,安九熊担任黔东南州州长,2023年2月任州委书记。

D | 2023年10月,安九熊官宣被查,2024年9月被开除党籍和公职。

E | 专题片披露,2016年5月,时任贵阳市政府秘书长的安九熊得知孙志刚的妻子黄某某将参加在贵阳市举办的中国国际大数据产业博览会后,精心谋划安排,亲自为黄某某做接待服务,并请专业讲解人员做深入细致的讲解。

F | 安九熊交代称,全程地陪同,做好接待服务工作,想通过这些接待服务工作能够得到省主要领导夫人的认可。2016年6月,孙志刚率队赴国外考察,安九熊再次抓住机会主动向孙志刚靠拢搞服务,得到孙志刚的“认可”。回国后不久,孙志刚就将安九熊提任省政府副秘书长并为其服务。专题片披露,2017年7月,孙志刚担任贵州省委书记后,又将安九熊调整到省委任副秘书长并继续为其服务,两年不到解决正厅级。安九熊忏悔道,自己的这种“进取心”、功利心、攀附心交织,错把平台当机遇,也错把任务当机会。到孙志刚身边服务后,为搞好关系,获取更大政治利益,安九熊携家人共同为孙志刚及其家人提供贴心的“管家式”服务。孙志刚妻子黄某某到省内市县游玩,安九熊就提前安排当地领导干部做好接待准备,甚至特意安排妻子休假全程陪同服务。有时,安九熊自己也去陪同。

G | 从2018年至2023年,安九熊多次陪送孙志刚回湖北老家过年或到省政府孙志刚家中拜年,共送孙志刚60余瓶各类茅台酒。成为孙志刚培植的个人势力后,安九熊与孙志刚及其家人有了利益的深度捆绑,对于他们交办的很多事项,明知不能做却“不得不做”,导致底线一再失守。安九熊交代称,明明知道领导干部是不能够去插手过问具体司法案件,同时也不能去为一些项目工程打招呼,但实际上自己就是有一种心理在作祟,还是想攀附。不仅自己大搞政治攀附,安九熊还介绍曾经的同事,时任铜仁市机关事务管理局党组书记、局长陈丽萍(已另案查处)攀附孙志刚。陈丽萍同样是抓住在铜仁市接待黄某某的机会,全方位做好服务,大献殷勤,还奉上贵重礼品,极尽讨好。安九熊在忏悔书中写道,曾写过不少的文字材料,今却遇到天底下最难写的一篇文章——忏悔书。47岁的大好年华,事业戛然而止,人生一落千丈,如睡梦惊醒、恍然大悟,却悔之晚矣!“如果说我本本分分地、踏踏实实地干自己的事,把纪律规矩始终挺在前面,我还能够成为个人培植的势力吗?我还能够从违纪到违法到犯罪吗?”安九熊忏悔道。栏目主编:秦红 文字编辑:卢晓川 题图来源:上观题图 来源:作者:长安街知事。

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Published on:17:26:55



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