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Unitree IPO draws spotlight to China's fast-growing humanoid robot sector_我的网站
一 | 以标杆引领推动制造业企业数智化转型我省启动“人工智能+制造”典型案例征集日报讯（记者米彦泽）8月18日至25日，省开展“人工智能+制造”典型案例征集工作，将遴选一批技术先进、成效显著、可复制推广的制造业领域人工智能应用典型案例，通过标杆引领，推动制造业企业数智化转型。省工信厅相关负责人介绍，本次案例征集主要面向人工智能+钢铁、人工智能+化工、人工智能+生物医药等10个方向。
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.
。申报案例应聚焦应用场景实际需求和所解决的重点问题，已落地并取得成效，具有引领作用，充分体现人工智能技术与行业深度融合，推动降本、增效、提质、减排等实际价值。
二 | 在人工智能+钢铁方向，省聚焦钢铁全流程智能化升级，征集高炉转炉智能冶炼与工艺参数自适应优化、钢材表面缺陷智能检测与质量溯源、核心设备预测性维护与健康管理等典型场景。在人工智能+化工方向，申报案例应聚焦化工行业提质增效与安全管控，如核心工艺流程自适应优化、安全生产智能监测预警、关键设备预测性维护与故障诊断、智慧园区一体化智能管控等典型场景。人工智能+生物医药方向，聚焦医药研发与生产全链条智能化，包括但不限于创新药物分子智能筛选与优化、药物合成路径智能规划、小分子创新药物研发、注射剂智能密封性检测等典型场景。在人工智能+食品方向，省聚焦粮油加工、乳制品、酿酒等食品行业质量安全与高效生产，征集食品生产智能监控与全链条溯源、原料供应智慧管理、生产工艺参数智能调优、精准配料动态调控、多模态安全生产智能监测等典型场景。人工智能+新能源和智能网联汽车方向，申报主体可聚焦汽车全链条智能化升级，申报车身造型与结构智能设计仿真、柔性产线智能重构与生产调度、零部件与整车质量智能检测、智能座舱与智能驾驶辅助技术应用等典型场景。
三 | 在人工智能+电子信息方向，省聚焦电子信息产业高端化智能化发展，征集电子元器件虚拟仿真与智能设计、显示面板/半导体缺陷智能检测、生产工艺参数智能优化、产品良率智能预测与提升、封装测试智能化管控等典型场景。人工智能+轻工纺织方向，申报主体可申报消费热点智能研判响应、面料纹样智能设计、3D虚拟试衣仿真、柔性产线智能排产、多产线协同排产与仓储智能调度等典型场景。在人工智能+机器人方向，申报案例应聚焦机器人技术与制造场景深度融合，包括但不限于大模型赋能机器人环境感知与任务规划、工业焊接机器人智能作业、柔性装配机器人精准操作、特种巡检机器人场景应用、具身智能机器人工业场景落地等典型场景。人工智能+产业集群方向，产业大脑建设与服务升级、“产业大脑+共享工厂”融合应用、行业大模型与数据集落地集群、“共享智造”关键环节与核心生产工艺AI应用等典型场景均可申报。在其他行业领域，省主要征集人工智能在建材、机械装备、软件和信息技术服务、民爆及安全应急等行业的创新应用，如建材窑炉煅烧智能控制、机械装备智能设计仿真、工业软件智能开发运维、民爆产品智能生产与仓储、重大安全风险智能监测预警等典型场景。
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