China's First Humanoid Robot IPO Sees Market Cap Drop by 200 Billion Yuan from Opening Day

Following the opening of China's stock market on April 24 (Monday), Unitree Technology (688836-CN), hailed as China's first humanoid robot-focused listed company, saw its share price decline. The stock dropped more than 10% during trading, resulting in a market capitalization loss exceeding CNY 200 billion from its initial opening value of CNY 444.9 billion.

On April 20, Unitree launched a biomimetic 7-axis dexterous robotic arm featuring high-precision seven-axis biomimetic joints. Priced from CNY 9,900 and weighing 5.5 kg, the arm is designed for precision tasks.

Unitree stated that through coordinated operation of dual robotic arms, material sorting and assembly can be achieved. The product is adaptable to various scientific research and educational scenarios and can also explore applications in service robotics.