Robot maker debuts on HK exchange


Accompanied by a humanoid robot developed by his company, Zhou Jian, chairman and CEO of UBTech Robotics, rings the opening bell at the Hong Kong Stock Exchange on Friday. CHINA DAILY

For the first time in its 132-year history, a humanoid robot rang the opening bell at the Hong Kong Stock Exchange on Friday, floating Shenzhen-based robot developer UBTech Robotics on the bourse for its final initial public offering of 2023.

Said by many to be “China”s first humanoid robot stock”, UBTech Robotics raised more than HK$1 billion ($130 million) on its first day of trading, as many domestic companies race to commercialize their humanoid robots.

According to a guideline unveiled by the Ministry of Industry and Information Technology, China aims to build an innovation system for humanoid robots by 2025, with breakthroughs to be made in key technologies to ensure the safe and effective supply of core components.

UBTech Robotics’ stock rose 0.94 percent to HK$90.85 on Friday, versus its IPO price of HK$90, giving the company a HK$38 billion market capitalization.

Zhou Jian, chairman and CEO of UBTech Robotics, said, “After going public, we will continue to improve the technological capabilities of humanoid robots, and use innovative technologies to solve major social problems.”

Zhou said the company focuses on three major application scenarios for humanoid robots, including industrial manufacturing, commercial services and as home companions.

Chen Jia, a researcher at the International Monetary Institute of the Renmin University of China, said, “Humanoid robots will be an industry field with great growth potential in the next decade, driven by the latest technological advancements in artificial intelligence.”

The global humanoid robot market is expected to grow at a rate of 52.8 percent per year from 2023 to 2030, according to market research company ReportLinker.

The China Institute of Electronics also forecast that the domestic scale of the market for humanoid robots is expected to reach about 870 billion yuan ($122 billion) by 2030.

However, currently, humanoid robots are still in their very early stages of development. There are shortcomings in the design of humanoid robots, and their functionalities are not in line with the demand of customers. Technological hurdles also exist, said Chen.

The affordability of such robots is another challenge for current market applications, experts added.

The average selling price of the UBTech Robotics Walker series of humanoid robots is about 6 million yuan, compared to its more basic educational robots, which are priced below 15,000 yuan on average.

Due to its heavy R&D investment, the company is still not profitable. Last year, UBTech Robotics recorded more than 1 billion yuan in revenue, with its R&D spend accounting for 42.5 percent. Last year, the company posted a 987-million-yuan net loss.

The Ministry of Industry and Information Technology released a guideline in November aimed at promoting the development of the humanoid robotics industry.

The guideline said it aims to cultivate two to three globally influential humanoid robotics enterprises, and a group of specialized small and medium-sized enterprises by 2025.

By 2027, China will see a secure and reliable industrial and supply chain system, and related products will be deeply integrated into the real economy, the guideline said.



Source link

Visited 1 times, 1 visit(s) today

Related Article

These 3 Stocks Are Incredible Long-Term Bargains

Finding bargains in the stock market is the goal of every investor, regardless of whether you classify yourself as a growth or value investor. Value investors may be looking at “true” bargains, where a stock is underpriced compared to its underlying business. However, growth investors are doing the same thing, as they believe the stocks

Why May Could Be a Turning Point for Palantir Stock

Palantir Technologies (NASDAQ: PLTR) soared during most of this artificial intelligence (AI) boom, but one thing prompted caution at certain times, and that’s the stock’s valuation. It skyrocketed, reaching a peak of more than 240x forward earnings estimates last year. So, as investors became increasingly worried about the formation of an AI bubble several months

Stock Market Today, April 27: Qualcomm Rises on Reported OpenAI Smartphone Chip Collaboration

Today’s Change (0.95%) $1.41 Current Price $150.26 Key Data Points Market Cap $159B Day’s Range $147.05 – $161.00 52wk Range $121.99 – $205.95 Volume 42M Avg Vol 12M Gross Margin 55.10% Dividend Yield 2.39% Qualcomm (QCOM +0.95%), a developer of wireless communication technologies and semiconductors for mobile devices and networks, closed Monday at $150.26 up

Are These Beaten-Down Stocks Generational Opportunities or Value Traps?

Some stocks saw massive surges during the early pandemic years because their businesses were well-positioned to perform well in that environment. Many of them have given back those gains, and then some, since then. Two corporations that fit this description are Teladoc Health (NYSE: TDOC) and PayPal (NASDAQ: PYPL). Both companies are down by more

Cramer calls rally in chip stocks ‘worrisome.’ How he’s positioning

CNBC’s Jim Cramer said the blistering rally in semiconductor and AI-related stocks may be sending a warning signal about the broader market. “Lately, we’ve been seeing parabolic moves all over the market” said the “Mad Money” host. “Those are worrisome.” His caution comes after a historic run in the Philadelphia Semiconductor Index, often called the

“Consumer Sentiment Hit COVID-Level Lows” in March, This Company Just Told Investors. Should Investors Be Worried?

Domino’s Pizza (DPZ 8.84%) reported earnings on Monday morning and missed analyst estimates on both revenue and earnings, sending shares sharply lower. The main issue? Sales weakened throughout the quarter — “in particular, in March because of growing consumer uncertainty,” management said during Domino’s first-quarter earnings call. “Consumer sentiment hit COVID-level lows,” management explained. While

Nasdaq Notches Another New All-Time High: Stock Market Today

(Image credit: Getty Images) Stocks were mixed to start a major week for earnings, with Big Tech and Big Energy set to report results and offer guidance amid a still-simmering war in the Middle East. Meanwhile, the Federal Reserve and the rest of the Group of Seven central banks are all set to meet this

Shocking Layoffs (Up to 10%) Could Be Bearish for These 2 Tech Stocks

Two of the biggest names in artificial intelligence (AI) just announced big job cuts. On Thursday, Microsoft (NASDAQ: MSFT) announced that it’s offering early retirement to up to 7% of its U.S. workforce. On the same day, Meta Platforms (NASDAQ: META) said it would be laying off 10% of its employees (about 8,000 jobs) and

Are International Markets Worth Investing In for U.S. Investors?

It might go without saying that investing in the stock market can lead to long-term wealth creation. An important strategy to ensure lasting success, which might sometimes be overlooked, is to build a diversified portfolio. Of course, this involves picking businesses that operate in different industries, sell different products, and cater to different end customers.

Euphoria fades ahead of Mag 7 earnings – Dow Jones and US Stock Market Intraday Outlook

Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing

Why Sandisk Stock Popped Again Today

Sandisk (NASDAQ: SNDK) stock closed last week at an all-time high near $990 a share — and it’s starting this week right, too. Shares of the computer memory-maker jumped 4.2% through 10 a.m. this morning after Melius Research initiated coverage with a buy rating and a $1,350 price target. The analyst believes Sandisk shares will

Plans to move Wise stock market listing to US approved by High Court judge

The plans were approved at the High Court (PA) (PA Archive) Plans for money transfer services provider Wise to move its primary stock market listing from the UK to the US have been approved by a High Court judge. The British company announced the proposal last June to switch its primary listing from the London

US Stock Market Today: S&P 500 Futures Edge Lower As Inflation Worries Linger

The Morning Bull – US Market Morning Update Monday, Apr, 27 2026 US stock futures are slightly softer this morning, with E mini S&P 500 contracts slipping about 0.1%, as investors weigh stubborn inflation worries against a resilient tech backdrop. The US 10 year Treasury yield sits near 4.32%, which keeps borrowing costs elevated for

Exploring 3 Undiscovered Gem Stocks In Europe

As European markets navigate a landscape marked by geopolitical tensions and economic uncertainties, the pan-European STOXX Europe 600 Index recently experienced a decline, reflecting broader market sentiment. In such an environment, identifying promising small-cap stocks requires careful consideration of factors like resilience to market volatility and potential for growth in traditionally defensive sectors. Name Debt

The Federal Reserve’s April Inflation Forecast Has Been Updated, and It’s a Good News-Bad News Scenario for Wall Street

Last week was another history-maker for Wall Street, with the benchmark S&P 500 (SNPINDEX: ^GSPC) and iconic Nasdaq Composite (NASDAQINDEX: ^IXIC) launching to record-closing highs. Although the Dow Jones Industrial Average (DJINDICES: ^DJI) didn’t reach a record high, it’s a stone’s throw away from one. Based on the performance of these indexes, you’d assume the

Novo Nordisk A/S – share repurchase programme

Bagsværd, Denmark, 27 April 2026 – On 4 February 2026, Novo Nordisk initiated a share repurchase programme in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the “Safe Harbour Rules”). This programme is

0
Would love your thoughts, please comment.x
()
x