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

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A | 抚顺市委、市政府高度重视黑土地保护利用工作，统筹推进生态安全、粮食安全与农业品牌，坚持强化耕地质量、数量、生态“三位一体”目标，深入实施“藏粮于地、藏粮于技”战略，严守耕地红线，聚焦黑土耕地质量提升，多措并举切实保护好黑土地这个“耕地中的大熊猫”。

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.
。　　为响应国家实施东北黑土地保护和合理利用的决策部署，我市积极开展黑土地保护性耕作，进一步改善和修复全市农业生态环境，促进节本增效，努力实现全市农业绿色可持续发展。　　日前，抚顺县东鑫农机专业联合社种植的500亩玉米喜获丰收。由于采取秸秆覆盖保护性耕作方式，土地更加肥沃，今年亩产玉米约1600斤，比采取普通耕作方式时亩产量增加100斤。　　保护性耕作技术是近年来积极推行的一种新型耕作技术，是对农田实行免耕、少耕，用作物秸秆覆盖地表，减少风蚀水蚀，提高土壤肥力和抗旱能力的先进耕作技术，不仅可以稳定粮食产量、减少化肥使用，还可以降低生产成本，保护生态环境，经济效益、社会效益和生态效益非常明显，是推进农业可持续发展的有效途径。我市积极贯彻落实国家黑土地保护工程，旨在通过政府与市场两端发力，科技支撑与主体培育并重，重点突破与整体推进并举，稳产丰产与节本增效兼顾，技术创新与机制创新并行，在我市适宜区域稳步有序扩大实施面积，持续增强黑土地保护效果，促进农业可持续发展。

B | 　　据了解，今年，我市保护性耕作任务4万亩。建设高标准保护性耕作县级应用基地4个、乡级应用基地5个、村级应用基地18个。以玉米为重点，兼顾大豆、杂粮、杂豆、油菜、麦类、花生等作物，在全市适宜区域大力推进实施保护性耕作，各县区也有序扩大保护性耕作实施面积，逐步提升作业质量。　　为了更好地完成此项国家战略任务，今年年初以来，我市农业农村部门积极组织专家参与了《抚顺市黑土地保护性耕作实施方案》的制定和乡级高标准保护性耕作基地材料的审核工作，通过现场技术指导、召开培训座谈会、送农机科技下乡、典型示范引路等形式，以点带面，大力推动保护性耕作技术推广和实施。　　今年，我市还进一步加大保护性耕作宣传推广力度，让越来越多农民了解保护性耕作技术的优势，认识到实施保护性耕作的重要意义。

C | 此外，在春季玉米播种期间，市农业农村部门还组织专家组成员深入到乡镇村屯田间地头指导农机户进行免耕播种机维护保养、作业数据调试和适合保护性模式选择等工作，解决种植户在实施保护性耕作过程中遇到的困难和问题。　　我市农业农村部门还通过多种渠道持续深入开展科普宣传和政策宣讲，做到实施区域全覆盖，促进技术和政策进村入户，进一步激发调动广大基层干部和农民群众开展保护性耕作的积极性和主动性。