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Unitree IPO draws spotlight to China's fast-growing humanoid robot sector_我的网站

一 |     　　朔州8月26日电 (记者 杨静)2026山西·朔州陶瓷产品进出口交易会26日正在山西省朔州市应县举行。朔州陶瓷产品技术交流会期间，来自中国陶瓷工业协会、山西工学院陶瓷产业学院、陶瓷企业家等业内人士围绕产品数字化设计、智能品牌建设等议题开展研讨，共话中国陶瓷未来。　　中国陶瓷工业协会副理事长侯文全介绍，中国是全球最大的陶瓷生产国与出口国，市场规模持续稳健增长。

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    Unitree Robotics’ humanoid robot is displayed at the 14th China Information Technology Expo in Shenzhen, South China’s Guangdong Province, on April 10, 2026. Photo: VCG
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.
。随着消费者健康意识的提升，兼具抗菌、防霉、抗病毒等功能的健康陶瓷产品快速渗透市场，应用于家庭餐桌、餐饮服务及母婴等高频使用场景。　　“《健康陶瓷性能评价规范第1部分：日用陶瓷》团体标准已于2026年7月1日正式实施，首次将抗菌、防霉、抗过敏原、抗病毒核心健康功能纳入日用陶瓷标准体系，填补行业空白。”侯文全表示，该标准为朔州陶瓷企业提质升级、对标市场提供了行动指南。　　中国科学院上海硅酸盐研究所研究员王士维分享了先进陶瓷及其制备工艺。他表示“结构决定性能，关注显微结构”，先进陶瓷技术为陶瓷产业突破传统边界、拓展新赛道提供全新思路，鼓励科技与产业深度融合，拓宽应用边界。　　西班牙凯拉捷特公司中国区商务经理涂磊回顾了数码装饰技术历程，其见证了日用瓷喷墨打印技术在中国落地生根的全过程。针对日用陶瓷企业普遍面临“贴花环节工人后继无人、用工成本攀升”的困境，涂磊坦言“未来日用陶瓷的自动化和数码化势在必行”。　　作为扎根朔州的陶瓷教育工作者，山西工学院陶瓷产业学院院长程久发从艺术与生活角度阐释陶瓷创作的哲理性。程久发表示，陶瓷创作可注入艺术内涵，以艺术赋能提升品牌温度，让产品既有科技硬度，更具文化厚度。　　本次交流会由应县人民政府承办，活动旨在链接行业高端资源、转化前沿技术成果、健全产业标准体系、赋能品牌价值提升，夯实朔州陶瓷产业优势，提升朔州陶瓷产品核心竞争力。

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Published on:10:04:29