Unitree IPO cleared in Shanghai
Unitree Robotics’ IPO application was accepted by the Shanghai Stock Exchange; the company aims to raise 4.202 billion yuan with 2 billion earmarked for intelligent robot model R&D and says it has sold over 5,500 humanoid robots globally. The filing lists competitors like Tesla, Figure, and Boston Dynamics and flags a significant Chinese capital route for commercial humanoid scaling. (x.com)
The prospectus shows the offering will include no less than 40.45 million new shares. (finance.biggo.com) CITIC Securities is listed as the lead sponsor and underwriting institution on the filing. (static.sse.com.cn) The document discloses audited 2025 revenue of about ¥1.708 billion and a reported net profit of ¥287.6 million for the year. (bloomberg.com) The company also presents an adjusted (non‑GAAP) profit figure near ¥600 million for 2025 in its prospectus commentary. (humanoidsdaily.com) Unitree reports that humanoid‑robot sales became the majority of revenues in the first nine months of 2025, exceeding a 51% share, while the average selling price in those quarters fell to about ¥167,600 per unit. (bloomberg.com) Separately, the firm clarified its 2025 mass‑production output exceeded 6,500 robot bodies (distinct from order volumes). (prnewswire.com) The prospectus specifies proceeds will fund embodied‑AI model research, new product development and expansion of manufacturing capacity. (bloomberg.com) Unitree’s recent private funding rounds counted major strategic investors such as Tencent, Alibaba and China Mobile, and the company has been working with CITIC Securities on IPO preparation since mid‑2025. (freshfromchina.com)
