Unitree Robotics Lists on Stock Exchange with 629% Opening Surge

Unitree Robotics (688836-CN) officially listed on the Shanghai Stock Exchange's STAR Market today (19th). The stock opened at RMB 1,100, a 629% surge from its offering price, delivering a single-lot profit of RMB 474,600 and pushing the company's market capitalization to RMB 444.9 billion.

Unitree Robotics is a global leader in high-performance general-purpose robotics. It ranks first worldwide in shipment volume for both quadruped robots and humanoid robots.

In the first half of 2023, the company reported revenue of RMB 1.152 billion, a 48.54% year-on-year increase. However, non-GAAP net profit attributable to shareholders declined by 19.34% to RMB 244 million, reflecting increased investment for long-term growth.