This Leading Humanoid Company Set to Debut on Stock Market Soon [Weekend Money]

Unitree Poised for IPO as Early as This Month
Leads Global Humanoid Market Share
Revaluation Opportunity for Chinese Robot Parts Suppliers

With the anticipated listing of Chinese robotics company Unitree as early as this month, the market is closely watching the potential impact on robotics stocks.

Yonhap News Agency

The China Securities Regulatory Commission (CSRC) approved Unitree's IPO registration for the STAR Market (Ke Chuang Ban, a science and technology innovation board on the Shanghai Stock Exchange) on July 2. As a result, the company is expected to go public between July and August.

Unitree plans to use the 4.2 billion yuan (approximately 932.2 billion won) raised from the IPO for robot model development (48.1%), robot body development (26.4%), new robot product development (10.6%), and the construction of a robot manufacturing base (14.9%). In 2025, humanoids are projected to account for 55.1% of Unitree’s total sales, marking a 23.8 percentage point increase year-on-year. Last year, Unitree shipped more than 5,500 units, securing the top spot in the global humanoid market with a 32.4% market share.

There are forecasts that Unitree's listing will lower the relative attractiveness of existing listed robot manufacturers. Park Yoojin, a researcher at Hanwha Investment & Securities, commented, “Unitree’s gross profit margin for 2025 is projected to be 60.4%, significantly higher than the competitor average of 44.4%. While the company may reduce prices to strengthen its competitiveness as a finished product manufacturer, if it can internalize core modules, increase shipment volumes, and reduce costs, gross profit may continue to grow.”

Song Yeji, a researcher at Hana Securities, stated, “Unitree is rapidly expanding the base of the humanoid robot market with its low-price strategy and is establishing itself as a standard hardware platform. On this foundation, the ecosystem of algorithms, development tools, and applications utilizing the Unitree platform is expanding, so in the mid- to long-term, there is potential for strengthened competitiveness in software and service ecosystems as well.”

The Unitree IPO, together with preparations for mass production of Tesla’s Optimus, is expected to serve as a catalyst for a revaluation of the Chinese robot parts value chain. Researcher Park noted, “Approval of the Unitree IPO and preparations for mass production of Tesla’s Optimus both signal that humanoids have entered the mass production validation stage. The expansion of production by robotics companies will lead to increased demand for hardware components and act as a trigger for the revaluation of the Chinese parts value chain, which boasts price competitiveness.”

Researcher Song pointed out, “In the short term, investment demand may concentrate on finished robot manufacturers due to Unitree’s listing; however, in the mid- to long-term, as mass production of humanoid robots expands, related parts suppliers are likely to regain stock momentum.”

This content was produced with the assistance of AI translation services.