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 Chinese robotics company Unitree expected to go public as early as later this month, the market is focusing on the impact this could have on robotics stocks.

Yonhap News Agency

The China Securities Regulatory Commission (CSRC) approved Unitree's registration for its initial public offering (IPO) on the STAR Market (KeChuangBan, a technology-focused board of the Shanghai Stock Exchange) on July 2. As a result, Unitree is expected to be listed between July and August.

Unitree plans to use the 4.2 billion yuan (approximately KRW 932.2 billion) raised through its 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%). The share of humanoids in Unitree's total sales for 2025 is projected to reach 55.1%, up by 23.8 percentage points from the previous year. Last year, after shipping over 5,500 units, Unitree captured the top spot in the global humanoid market with a 32.4% share.

There are predictions that the relative attractiveness of existing listed robot manufacturers may decline due to Unitree's public offering. Yoojin Park, a researcher at Hanwha Investment & Securities, noted, "Unitree's gross margin for 2025 is expected to reach 60.4%, significantly higher than the competitor average of 44.4%." She added, "While the company may lower prices to maintain competitiveness as a finished product manufacturer, if core modules are internalized, shipment volume increases, and cost reductions are achieved, gross profit could grow further."

Yeji Song, a researcher at Hana Securities, said, "Unitree is rapidly expanding the base of the humanoid robot market through its low-price strategy and is establishing itself as the standard for hardware platforms." She also highlighted, "Based on this, an ecosystem of algorithms, development tools, and applications utilizing the Unitree platform is expanding. In the mid- to long-term, it's important to note the company's potential to strengthen its competitiveness in software and service ecosystems as well."

The Unitree IPO, together with Tesla's preparations for mass production of Optimus, is expected to serve as a catalyst for the re-rating of China's robot component value chain. Park explained, "Approval of Unitree's IPO and Tesla's readiness for mass production of Optimus indicate that humanoids have moved into the stage of mass production verification. Increased production among robotics companies will lead to greater demand for hardware components, serving as a positive factor for the re-rating of China's competitively priced components value chain."

Song also discussed, "In the short term, Unitree's listing may concentrate investment demand on finished robot makers, but in the mid- to long-term, as mass production of humanoid robots expands, related component companies may see renewed stock price momentum."

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