The race for the first listed "pure-play" company for humanoid robotics on the Chinese A-share market has been decided: Unitree Robotics has officially applied for its IPO on the STAR Market in Shanghai.
With a volume of around $580 million and impressive profitability figures, Unitree proves that the industry has definitively left the prototype phase behind.
The financial quantum leap
While skeptics often speak of a "robot bubble," the Unitree numbers deliver a hard reality:
Revenue explosion: Over 1.7 billion RMB (~$235 million) in 2025 – an increase of 335% over the previous year.
Profit surge: Net profit rose by 674% to over 600 million RMB (~$83 million).
Throne change: For the first time, humanoid robots (H1, G1, H2) overtake the famous robot dogs. They now account for 51% of core business.
Strategic focus: brain & factory
Unitree is strategically deploying the fresh capital to close the "usage gaps" of AI:
Video-based world models: Almost half of the IPO proceeds (2.02 billion RMB) flow into the development of "embodied AI" to give robots genuine understanding of physical processes.
Gigantic scaling: A new factory is to increase capacity to 75,000 humanoids per year to massively reduce prices.
From kung fu to toiling: While the robots dominated the Chinese Spring Festival with martial arts performances last month, the focus is now on the "robot employee" for inspection and smart manufacturing.
That Unitree is taking this step now is no coincidence.
The company is considered a national champion. Recently, German Chancellor Friedrich Merz visited the headquarters in Hangzhou, underscoring global interest in Unitree's cost-effective high technology.
Unitree is a central building block of the Chinese strategy to cushion demographic change through automation.
Sources: DealStreetAsia, SCMP, Humanoids Daily
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