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On October 21, 2026, Unitree Technology issued an announcement stating that the company's operations are normal, that there is no undisclosed material information that should be disclosed, and prudently noting the progress of humanoid robot commercialization. Related reports show that from January to September 2025, Unitree Technology's humanoid robot revenue was approximately 595 million yuan, accounting for 51.53% of revenue, of which scientific research and education contributed more than 70%; during the same period, the gross margin fell from 68.44% in 2024 to 62.91%. As of October 20, Unitree's rolling price-to-earnings ratio was 388.25 times, far higher than the average of 39.51 times for the general equipment manufacturing industry. At present, this event consists only of the above announcement and reports, with no further evidence-based developments.
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Humanoid robot stocks surge, but Unitree is the first to pour cold water on the industryDevelopments
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Oct 21
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Humanoid robot stocks surge, but Unitree is the first to pour cold water on the industry
After its stock price rose sharply for consecutive sessions, Unitree Robotics issued a risk warning, stating that operations are normal but prudently reminding the market about the commercialization progress of humanoid robots. From January to September 2025, its humanoid robot revenue was approximately 595 million yuan, accounting for 51.53% of total revenue, with research and education contributing over 70%; during the same period, gross margin fell from 68.44% in 2024 to 62.91%. As of October 20, Unitree's trailing price-to-earnings ratio stood at 388.25 times, far above the general equipment manufacturing industry average of 39.51 times.