TECH

Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO

Published: Aug. 18, 2026 3:05 a.m. GMT+8

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Unitree unveils a new robot that can jump about 2 meters and reach a top speed of 12.7 meters per second.

Unitree Robotics is set to list on Shanghai’s STAR Market on Wednesday, pricing its initial public offering at 150.8 yuan a share ($22.4), valuing the company at about 61 billion yuan.

The closely watched debut is expected to provide a valuation benchmark for the humanoid robotics sector and could shape the pricing of 30 to 50 peers preparing listings in Hong Kong, according to industry sources.

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Unitree Robotics lists on STAR Market at 150.8 yuan/share, valuing the company at 61 billion yuan.
Strategic investors include DeepSeek, Tencent unit; revenue grew 226.8% CAGR from 2023 to 2025.
Net profit reached 278 million yuan in 2025 but fell 54.6% in Q1 2026 due to higher marketing and R&D costs.

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What Happened When

2023：: Unitree Robotics reported a net loss of 11.1 million yuan and revenue of 159 million yuan.

2024：: Unitree Robotics reported net profit of 95.5 million yuan.

2025：: Unitree Robotics reported net profit of 278 million yuan and revenue of 1.7 billion yuan, with a compound annual growth rate of 226.8% from 2023.

First quarter of 2026：: Unitree Robotics revenue increased 68.5% year-over-year to 423 million yuan, while net profit fell 54.6% to 50 million yuan due to heavier marketing spending and increased research expenses.