Unitree Technology Warns of Early-Stage Commercialization Risks for Humanoid Robots; Large-Scale Deployment of Physical AI Still Faces Multiple Challenges
On the evening of October 26, Unitree Technology issued an announcement on abnormal stock trading fluctuations, warning that physical AI technology still faces multiple challenges in moving from laboratory demonstrations to large-scale deployment in real-world scenarios, including perception accuracy, motion control stability, data accumulation, and software-hardware coordination. The company also cautioned that the humanoid robot industry is still in the early stages of commercialization; as of October 26, its trailing price-to-earnings ratio was 465.22 times, higher than the average level of 38.54 times for the general equipment manufacturing industry over the most recent month. That day, Unitree Technology closed at 672 yuan per share, with a market value of 271.8 billion yuan, and its stock price had risen by more than 65% cumulatively over the most recent 7 trading days.
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On October 26, Unitree Technology's stock price surged rapidly in the afternoon, with its market value briefly approaching the 300 billion yuan mark. As of the close, Unitree Technology was at 672 yuan per share, with a market value of 271.8 billion yuan.
That evening, Unitree Technology issued an announcement on abnormal fluctuations in stock trading, stating that the cumulative deviation of the closing price increase of the company's shares over three consecutive trading days (October 22, October 23, and October 26, 2026) exceeded 30%.
In the announcement, Unitree Technology cautioned that physical AI technology still faces multiple challenges in moving from laboratory demonstrations to large-scale deployment in real-world scenarios, including perception accuracy, motion control stability, data accumulation, and software-hardware coordination, and that the maturation of the relevant technology paths and business models still requires time to verify.
Unitree Technology also cautioned that the humanoid robot industry is still in the early stages of commercialization, and that technology maturity, cultivation of downstream market demand, and industrial chain support capabilities all involve uncertainty. As of October 26, 2026, the company's trailing price-to-earnings ratio was 465.22 times. According to the latest data released by China Securities Index Co., Ltd., the average trailing price-to-earnings ratio of the general equipment manufacturing industry in which the company operates over the most recent month was 38.54 times, and the company's price-to-earnings ratio is higher than the industry level.
Regarding this stock price fluctuation, Unitree Technology stated that, upon self-examination by the company and verification with the company's controlling shareholder and actual controller, as of the disclosure date of this announcement, the company, its controlling shareholder, and its actual controller do not have any major information that should be disclosed but has not been disclosed. Currently, the company's operations are normal and no major changes have occurred.
This is already the second announcement of abnormal fluctuations in stock trading issued by Unitree Technology recently. The latest data show that over the most recent 7 trading days, Unitree Technology's stock price has cumulatively risen by more than 65%.
(Source: Shanghai Securities News) Mid-article body Embedded advertisement