Unitree’s stock slump since IPO stokes fears of a bubble in Chinese humanoid robotics
Shares in Chinese robotics star Unitree Robotics rebounded on Thursday following five straight days of losses that erased nearly half of its market value, although it did little to cool fears of a Chinese humanoid robot bubble. The stock rose nearly 4 per cent to close at 615 yuan on Thursday, giving the company a market capitalisation of 248.8 billion yuan (US$37 billion), after touching a…
Unitree Robotics, a Chinese humanoid robot manufacturer, saw its stock surge following a five-day losing streak that wiped out nearly half its market value upon its IPO. However, the stock rebounded Thursday, closing at 615 yuan, marking a 48% decrease from its record high of 1,100 yuan. The company's market capitalization is now 248.8 billion yuan.
Experts argue that Unitree's high valuation, high price-to-earnings ratio, and the competitive nature of the infant industry may not be justified. Unitree, the first listed humanoid robot maker in mainland China, managed to produce around 18,000 bipedal humanoids as of July, with first-quarter revenue surging 68.5% year on year to 423 million yuan.
Despite the recent IPO performance, some investors remain skeptical about the bubble in the Chinese humanoid robot sector, citing high upfront and maintenance costs and technical limitations as key challenges.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
