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

Hybrid Software : Update on the share repurchase program

Market Closed – 12:55:00 2026-10-27 pm EDT 5-day change 1st Jan Change 3.800 EUR -2.56% -2.56% -6.86% Published on 10/27/2026 at 01:06 pm EDT Publicnow Issuer HYBRID SOFTWARE GROUP PLC PRESS RELEASE – REGULATED INFORMATION Cambridge (UK), 27 October 2026 (18.00 CET): On 10 December 2024, Hybrid Software Group PLC announced the start of its

Is the Brazilian 20% Stock Market Rout an Opportunity?

The largest stock market in Latin America was just routed.  Stocks in Brazil nearly experienced a technical crash on Monday, falling by almost 20% after the re-election of incumbent president Luiz Inacio Lula de Silva, better known as Lula.  Lula’s victory was stunning because he finished behind challenger Flavio Bolsonaro in a broader election earlier

NovaJet Launch Might Change The Case For Investing In Universal Display Stock (OLED)

Universal Display, through subsidiary Universal Vapor Jet Corporation, launched the NovaJet UVJP system, a solvent free printing platform developed in Singapore for precise thin film deposition across semiconductor, electronics and advanced manufacturing uses, and is showing it at the WESEMiBAY conference in Shenzhen. The same period brings a ten year OLED lighting milestone with Audi

3 Absurdly Cheap Dividend Stocks to Buy for Under $100 Right Now

Interest rates and bond yields are rising, making dividend stocks less enticing, since investors can earn high returns without having to buy income-producing stocks. But the good news is that this has led to many dividend stocks trading lower lately, pushing their yields higher in the process and potentially setting them up for big gains

Boeing stock has its worst day since 2020 as the 737 ramp slips into 2027

Boeing (BA) finally gave Wall Street a quarter with more free cash flow than expected. Investors dumped the stock anyway, because the company still can’t get its planes out the door fast enough. Boeing (BA) stock fell nearly 11% Tuesday, its worst day since June 2020, and closed at its lowest level since April 2025.

Why Celestica Stock Jumped Today

Shares of Celestica (NYSE:CLS) climbed more than 12% on Tuesday after the engineering and supply chain solutions provider lifted its full-year profit targets. Image source: Getty Images. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in

Is Tech On It’s Way To 500,000 Layoffs?

Quick Read Microsoft’s 60,000 buyouts, Oracle’s 21,000 cuts, and Amazon’s plan to skip 600,000 future hires signal AI is already gutting tech employment. Elon Musk warns that 200 neocloud companies face collapse, a situation that could push sector-wide layoffs up by an additional 300,000 to 400,000 positions. Goldman Sachs projects AI will displace roughly 9%

Boeing stock has its worst day since 2020 as the 737 ramp slips into 2027

Boeing (BA) finally gave Wall Street a quarter with more free cash flow than expected. Investors dumped the stock anyway, because the company still can’t get its planes out the door fast enough. Boeing (BA) stock fell nearly 11% Tuesday, its worst day since June 2020, and closed at its lowest level since April 2025.

Robinhood stock falls on earnings miss despite record trading volumes

Robinhood (HOOD) reported a weaker-than-expected third quarter profit on Tuesday as declining interest income and rising expenses weighed on the online brokerage despite record trading activity in stocks, options, and prediction markets. The company reported net income of $476 million, down 14% from a year earlier, while diluted earnings per share fell 16% to $0.51.

Why Rocket Lab Stock Took Flight on Tuesday

Rocket Lab (NASDAQ:RKLB) stock took flight on Tuesday, climbing as much as 10%. As of 2:51 p.m. ET, the stock was still up 8.4%. Missed AI’s “Act 1”? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our analysts, we’re

S&P 500 Sell-Off: Is Now the Right Time to Buy the Dip?

The stock market looks a bit wobbly. After reaching a new record high on Oct. 6, the S&P 500 index (SNPINDEX: ^GSPC) has declined by about 2.5% since then (as of this writing). On the one hand, a 2.5% drop in the S&P 500 can be unnerving to some investors. It might be a sign

3 Magnificent Stocks Trading Near Their 52-Week Lows

Many top stocks are down this year, even though the S&P 500 has continued to soar to new heights. That can happen when a good chunk of stocks are up big, including Micron Technology, AMD, and CrowdStrike — they’ve all more than doubled in value thus far in 2026. At the other end of the

AMD and Nvidia Split the AI Chip Market. 1 Stock Is Far Cheaper Today.

Advanced Micro Devices (AMD +5.09%) and Nvidia (NVDA +0.82%) are two of the biggest names in the artificial intelligence (AI) chip market. Their graphics processing units (GPUs) are the most popular options, and each is growing rapidly. However, from an investment standpoint, they are fundamentally different, especially when price tags are considered. Nvidia is far cheaper

5 Best Dividend Stocks with Monthly Payout

Many investors, particularly retirees, look to dividends for passive income. Christine Benz, Morningstar Director of Personal Finance and Retirement Planning, points out that dividends are a bird in the hand. It’s often easier to just take the cash from the dividend than it is to sell shares in order to meet your living expenses. Investors

PrimeXBT Adds Seven Tokenized Stock Crypto Futures, Including Tesla, SpaceX and Nvidia

PrimeXBT Adds Seven Tokenized Stock Crypto Futures, Including Tesla, SpaceX and Nvidia PrimeXBT, a crypto and multi-asset broker, has launched a new category of crypto futures linked to the prices of seven major publicly traded companies, including Tesla (NASDAQ: $TSLA), SpaceX (NASDAQ: $SPCX) and Nvidia (NASDAQ: $NVDA), the company announced Tuesday. The product, called Tokenised

Why Intel Stock Popped Today

Shares of Intel (NASDAQ:INTC) rose 4% on Monday following bullish analyst remarks and an intriguing acquisition announcement. Image source: The Motley Fool. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction”

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