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 CoreWeave stock panic matters to Nvidia, explained in under 30 seconds

Nvidia (NVDA) CEO Jensen Huang is unlikely to ignore the building pressure on CoreWeave’s (CRWV) stock price and bond values. The simple reason why is that he can’t look the other way given how intertwined Nvidia is with the most well-known — and debated — neocloud. For one, in January of this year Nvidia announced

Warburg Pincus CEO Says Investors See Public Markets as One Big Bet

Oura IPO oversubscribed Wall Street stock market trading floor. Photo by BeInCrypto Warburg Pincus CEO Jeffrey Perlman, whose private equity firm backs more than 200 portfolio companies, says investors see public markets as one concentrated, correlated bet. He argues that pushes capital toward private assets. The pitch comes from a firm that calls the initial

AI stocks drop after hot inflation report bolsters bets for Fed rate hikes

New York —  High-flying technology stocks are taking a bruising this week, as investors grow more skeptical about whether the AI boom will live up to expectations. Stocks dropped on Wednesday, led by declines in the tech sector, after a hotter-than-expected inflation report bolstered bets that the Federal Reserve will raise interest rates further. The S&P

What Needs To Be True To Buy Cipher Digital Stock Now?

Image from Pixabay Shares of Cipher Digital (CIFR) fell 12.8% on October 13, 2026, on a day the S&P 500 finished flat. Investors were evaluating a plan to raise $850 million through convertible notes that could eventually become shares. Cipher is taking on this debt to fund data center construction. During the second quarter of

Why the Magnificent Seven Are Holding Up the Stock Market

During their recent episode, Taylor, Carlisle, and Jeff Weniger discussed Why the Magnificent Seven Are Holding Up the Stock Market. Here’s an excerpt from the episode: [Jeff] Well, sometimes you get the generals get shot first too. That’s how you can see a market deteriorating when the generals start to go. But the generals are

Jim Cramer on big bank earnings and bank stock moves

The nation’s biggest banks delivered mixed third-quarter results this week, but Wall Street’s reaction was overwhelmingly negative, with all six major bank stocks falling despite some strong results. CNBC’s Jim Cramer said Wednesday, on Day 2 of the financial earnings flood, that investors appear more concerned about what lies ahead than what the banks just

CCC Stock Surges 8% on “Advanced” Buyout Talks With GTCR and Elliott

CCC Stock Surges 8% on “Advanced” Buyout Talks With GTCR and Elliott ©@Melpomenem from Getty Images via Canva; @metamorworks from Getty Images via Canva Key Takeaways CCC Intelligent Solutions (CCC) shares surged 8.1% on October 12, closing at $7.59 following reports of advanced acquisition talks involving GTCR and Elliott Investment Management. Copart (CPRT), previously linked

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

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