Unitree Technology Warns of Early-Stage Commercialization Risks for Humanoid Robots; Large-Scale Deployment of Physical AI Still Faces Multiple Challenges
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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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10月26日，宇树科技股价午后快速拉升，市值一度逼近3000亿元关口。截至收盘，宇树科技报672元/股，市值为2718亿元。
当日晚间，宇树科技发布股票交易异常波动公告称，公司股票连续三个交易日内（2026年10月22日、10月23日、10月26日）收盘价格涨幅偏离值累计超过30%。
宇树科技在公告中提示，物理AI技术从实验室演示走向真实场景的规模化落地仍面临感知精度、运动控制稳定性、数据积累及软硬件协同等多重挑战，相关技术路径与商业模式的成熟尚需时间验证。
宇树科技同时提示，人形机器人行业尚处于商业化早期，技术成熟度、下游市场需求培育、产业链配套能力均存在不确定性。截至2026年10月26日，公司滚动市盈率为465.22倍，根据中证指数有限公司发布的最新数据，公司所处的通用设备制造业行业最近一个月平均滚动市盈率为38.54倍，公司市盈率高于行业市盈率水平。
对于此次股价异动，宇树科技表示，经公司自查，并向公司控股股东及实际控制人核实，截至本公告披露日，公司及控股股东、实际控制人不存在应披露而未披露的重大信息。目前，公司经营情况正常，未发生重大变化。
这已是宇树科技近期第二次发布股票交易异常波动公告。最新数据显示，最近的7个交易日，宇树科技股价累计涨超65%。
（文章来源：上海证券报） 正文中部 内嵌广告