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

Why Bank of America Plunged Today

Shares of Bank of America (NYSE:BAC) fell hard on Wednesday, down as much as 8.7%, before recovering and ending the trading day with a 4.7% decline. Bank of America reported earnings this morning, missing on both the top and bottom lines. On top of that, after market close yesterday, government regulators announced it was fining

Robinhood Is Now Down 11% This Year. Is It Time to Sell?

Quick Read HOOD has lost 11% in 2026 to roughly $101, with selling pressure intensifying even as the broader market climbed, pointing to company-specific weakness. IBKR surged 31% while BULL fell 24% this year, bracketing Robinhood between its most established and newest rivals in 2026 performance. Robinhood’s new 24-hour weekend trading could lift transaction revenue,

If a Stock Market Crash Is Coming, Here’s What Warren Buffett Would Do to Stay Ahead

Last month, investing legend Warren Buffett stepped down from his position as CEO of Berkshire Hathaway. This legendary holding company has significantly outperformed the S&P 500 (^GSPC -1.21%) in the roughly six decades that he has been in charge, delivering an average annual return of over 19% compared to the market’s average of 10%. But

‘Yikes’: CoreWeave stock sinks after its bond yield touched 15%

CoreWeave (CRWV) stock fell as much as 15% in morning trading on Wednesday, a day after a chart of its rising borrowing costs gained traction on X . On Tuesday, venture capitalist Chamath Palihapitiya posted a chart showing that the yield on $1.25 billion of CoreWeave bonds due in 2032 “touched 15% today, then closed

The 3-Bucket Income System Making $13,000/Month in Pure Dividends

Quick Read A 3-bucket system across dividend growers, REITs, and BDCs generates $13,000 monthly using $3.5 million versus $6.2 million for an all-conservative portfolio. J&J and P&G raised dividends over 64% in a decade, meaning the conservative bucket’s $52,000 could grow to $87,000 without adding new capital. Place REITs and BDC holdings inside an IRA

5 No-Brainer ETFs Worth Loading Up On for Long-Term Investors

U.S. equity investors have been rewarded mightily over the past 20 years. In the past decade, the S&P 500 (SNPINDEX: ^GSPC) has generated an average annual total return of 15.7%. You might be less impressed by the index’s 20-year average annual total return of around 11.2%, but keep in mind that this period began right

A Year Ago We Said the SMR Rally Was Just Heating Up. Oklo and NuScale Both Fell Sharply.

Quick Read Oklo (OKLO) crashed 81% and NuScale (SMR) collapsed 86% in one year, both still generating near-zero revenue with no commercial reactors online. NuScale’s NRC certification moat proved worthless without orders, as revenue fell 99% and shares outstanding nearly tripled through dilution. Analysts still target 137% upside for Oklo and 81% for NuScale, but

Jamie Dimon Warns Of Forces That “Continue To Shift Under The Surface,” As Half Of Russell 3000 Stocks Sit In A Bear Market With The S&P 500 Near Records

Quick Read Dimon cut JPMorgan’s Q3 buybacks from $7B to $1B while warning fiscal deficits, sticky inflation, and geopolitical tensions continue shifting beneath the surface. Microsoft, NVIDIA, Apple, and Meta added 300 S&P 500 index points over three quarters while the remaining 496 members shed about 150. Wilson warns bond volatility could pull the S&P

Pre-I.P.O. Bets on Anthropic Arrive on the Vienna Stock Exchange

Set Trending Topics as a preferred source on Google. Anyone who wants to bet on Anthropic can now do so ahead of its I.P.O., and in Vienna of all places: The crypto E.T.P. provider 21shares has launched Europe’s first pre-I.P.O. product on Anthropic. The 21shares Anthropic Synthetic ETP, ticker CLAU, is listed on the Vienna

Asian Shares Trade Mixed After US Stocks Edge Back From Their Record After Profit Reports

TOKYO (AP) — Asian shares were trading mixed early Wednesday, as market interest in computer chips and artificial intelligence continued to support some global shares. Japan’s benchmark Nikkei 225 gained 0.6% to 68,193.13. Australia’s S&P/ASX 200 declined 0.7% to 8,723.40. South Korea’s Kospi rose 2.0%, recouping some of the losses from recent volatile trading. Hong

Timmer: Investment Clock Hits ‘Past Midnight’ Zone Seen Before 2018, 2022 Slumps

S&P 500 record high stock market cover. Photo by BeInCrypto Fidelity’s Jurrien Timmer says the Investment Clock has moved “past midnight” as tighter financial conditions begin to cool earnings-led gains. He flagged 2018 and 2022 as the last two cycles with that setup. Fidelity’s Investment Clock plots financial conditions against earnings growth, and it reads

Asian markets mixed as tech firms claw back some losses

Investors are awaiting the release of key US consumer price data, which is due later in the day (SPENCER PLATT) Asian stocks stuttered Wednesday as investors fought to claw back the previous day’s steep tech losses, with focus turning to US inflation data and upcoming earnings from key AI-linked firms. Tech firms took a hammering

Weak Marmaxx Division Pressured TJX Companies (TJX)

Chautauqua Capital Management, a division of Baird Asset Management, is a boutique investment firm that released its third-quarter 2026 investor letter for the “Baird Chautauqua International and Global Growth Fund”. The letter can be downloaded here. The broad equity markets posted modest gains in the third quarter, despite significant volatility and rotation beneath the surface.

Anthropic to share Q3 financials as it prepares for a potential IPO

Anthropic plans to disclose its third-quarter financials for the first time at a meeting with potential investors on Wednesday as the artificial intelligence giant prepares for what could be the largest initial public offering in history. San Francisco-based Anthropic will release the numbers to a group of institutional investors, according to two people familiar with

Why Valero Energy Stock Triumphed Today

Market players energetically bought into Valero Energy (NYSE:VLO) on the second trading day of the week. A key reason for this was a very substantial price target raise on the stock by an analyst at a high-profile American bank. Buoyed by that positive development, Valero’s stock closed the day nearly 5% higher. Fueling a rally

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