Overview
- Unitree’s shares opened on the STAR Market on Wednesday and climbed several hundred percent intraday after the company’s IPO raised about 6.1 billion yuan.
- The company unveiled a new humanoid called “Superman” days before the listing and said the robot can jump two metres and reach 12.66 m/s, claims that Unitree has not had independently verified.
- Unitree reported roughly 1.7 billion yuan in revenue for 2025 and said it delivered a net profit, and the company says it has shipped thousands of humanoid units across multiple model lines.
- U.S. actions including a government blacklist and a ban on new imports of advanced humanoid and quadruped robots pose a material risk to Unitree’s future overseas sales.
- The IPO drew record retail demand and strategic investors, and proceeds are earmarked for embodied‑AI model work, R&D and factory expansion as the sector moves from demonstrations toward commercial deployment.