Unitree Debuts on Shanghai Market as Shares Surge Hundreds of Percent

Overview

• Unitree completed its initial public offering and raised about 6.1 billion yuan, and its shares jumped in early trading by as much as 629% on Wednesday.
• The rally pushed the company's market value into the hundreds of billions of yuan, driven by extreme retail demand and very low allocation rates for small investors.
• Unitree reported rapid revenue growth and profit in 2025, with roughly 1.7 billion yuan in sales, 278 million yuan in net profit, and more than 5,500 humanoid deliveries that year.
• Analysts and the company say the sector still faces a commercialization gap because humanoid robots typically cost 300,000–500,000 yuan while industrial payback estimates suggest around 160,000 yuan is needed to compete with labor.
• U.S. actions that listed Unitree as linked to the Chinese military and new U.S. restrictions on advanced robotic imports create clear limits on overseas sales and could curb the firm's international growth.