From：Internet Info Agency 2026-09-02 11:49:00
On September 2, Unitree Technology (SHA: 688836) saw its intraday share price fall below RMB 550 per share on its 11th trading day since listing—a cumulative decline of approximately 50% from the opening high of RMB 1,100 per share on its debut day (August 19). Its total market capitalization dropped below RMB 223 billion, shedding over RMB 220 billion from its peak. The company listed on the STAR Market on August 19 with an issue price of RMB 150.80 per share. It opened at RMB 1,100 per share on its first trading day, surging 629.44% above the issue price, and closed the day up 460.34%, with a trading volume of RMB 23.16 billion and a turnover rate of 85.28%. On the following trading day, its share price fell by more than 18%. In 2025, Unitree Technology reported annual revenue of RMB 1.699 billion, with a gross margin of 60.13% from its core business. In the first half of 2024, the company generated revenue of RMB 1.152 billion, an increase of 48.54% year-over-year; net profit attributable to shareholders amounted to RMB 274 million, compared to a net loss of RMB 320.245 million in the same period last year; adjusted net profit stood at RMB 244 million, down 19.34% year-over-year. The company attributed its revenue growth primarily to the expanding downstream application scenarios and strong market demand for humanoid robots. However, it noted that the year-over-year revenue growth rate in the first half of 2024 moderated compared to its historical compound annual growth rate, due to a higher revenue base, cooling industry sentiment, and intensifying competition.
