A-Share's First Humanoid Robot Stock! Unitree Robotics Files for 4.2-Billion-Yuan IPO

The Shanghai Stock Exchange has officially accepted the IPO (initial public offering) application from Unitree Robotics for the STAR Market, it said today on its website.

The Chinese startup plans to raise 42.02 billion yuan (US$610 million), marking a historic milestone as it seeks to become the first humanoid robot IPO on the A-share market.

Widely regarded as China's answer to Tesla's Optimus program, the Hangzhou-headquartered Unitree has built a formidable technical moat in both quadruped (robot dog) and humanoid robotics. The company, founded in 2016, gained national fame through multiple high-profile appearances on the Spring Festival Gala, showcasing the agility and coordination of its robotic fleet.

According to the IPO prospectus, Unitree's 2025 revenue is estimated to exceed 1.7 billion yuan, a 335 percent increase year-on-year. From January to September 2025, the company recorded a non-GAAP net profit of 431 million yuan, with expected full-year net profit to hit 600 million yuan.

On the commercialization level, the company achieved a production-to-sales ratio of over 95 percent in the first nine months of 2025, operating at near-full capacity, Unitree said.

This IPO signifies a new era for China's "embodied AI" and humanoid robot sectors, moving from experimental tech to large-scale capital integration.