Rui Ma@ruima
Incredible, lol, robot maker Unitree just filed for IPO and not only do they make money, their adjusted net margin is 35%, putting it on par with software companies. Humanoid fever is only going to increase from here I think :) At @TechBuzzChina we have some new special projects in this area we are announcing soon!
Some stats:
- Unitree’s STAR Market (Shanghai) IPO has been accepted, with a planned raise of RMB 4.2 billion (US$611 million) and an implied initial post-money valuation of at least RMB 42 billion (US$6.1 billion)
- 2025 revenue reached RMB 1.71 billion (US$248 million), - up 335% YoY, while adjusted net profit exceeded RMB 600 million (US$87 million), up 674% YoY.
- In the first 9 months of 25, humanoid robot revenue reached RMB 595 million (US$86 million), surpassing quadruped robot revenue of RMB 488 million (US$71 million) for the first time.
- Unitree shipped over 5,500 units last year, occupying 32.4% of the global humanoid market
- Of the IPO proceeds, the biggest chunk, RMB 2.02 billion (US$294 million), will go toward robot model R&D, followed by RMB 1.11 billion (US$161 million) for robot body R&D. Another RMB 445 million (US$65 million) is earmarked for new product development and RMB 624 million (US$91 million) for a manufacturing base.