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UBTECH Robotics

ChinaPublicly tradedHong Kong Stock Exchange: 9880ubtrobot.com

UBTECH Robotics is a Shenzhen-based maker of humanoid and smart service robots, listed on the Hong Kong Stock Exchange since December 2023. Its full-size Walker-series industrial humanoids became its largest revenue line in 2025 on 1,079 units delivered, and in June 2026 it launched the UWORLD U1 consumer companion humanoid.

Founded
2012
Headquarters
ShenzhenChina
Valuation
$5.8B
Products
2
Our coverage
37stories
  • UBTECH Reports 104% Revenue Surge in H1 2026 as Full-Size Humanoids Drive Growth
    UBTECH Reports 104% Revenue Surge in H1 2026 as Full-Size Humanoids Drive Growth
  • UBTECH’s 2025 Financials: Humanoids Leap to Center Stage as Losses Narrow
    UBTECH’s 2025 Financials: Humanoids Leap to Center Stage as Losses Narrow
  • UBTECH Signals Walker S2 Mass Delivery with ''Robot Army'' Video
    UBTECH Signals Walker S2 Mass Delivery with ''Robot Army'' Video
  • UBTECH Walker S2 Orders Top 800 Million Yuan After New 159M Contract
    UBTECH Walker S2 Orders Top 800 Million Yuan After New 159M Contract
  • UBTech and Midea Push Humanoid Robots Onto Chinese Factory Floors
    UBTech and Midea Push Humanoid Robots Onto Chinese Factory Floors

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Origins and structure

UBTECH ROBOTICS CORP LTD was established in Shenzhen in March 2012 and listed on the main board of the Hong Kong Stock Exchange on 29 December 2023 under the code 9880, the first humanoid robot company to do so. Founder Zhou Jian, who appears in English-language company releases as James Zhou, remains chairman and chief executive. The company organises its work around three settings: industrial manufacturing, commercial service and home companionship.

The product range is wide for the sector: full-size Walker-series industrial humanoids; smaller educational and consumer machines including the Alpha, uKit and Yanshee lines; logistics hardware such as the Wali forklifts and the Chitu automated logistics vehicle; and, since 2026, a consumer humanoid brand, UWORLD.

The 2025 shift to full-size humanoids

FY2025 results published on 31 March 2026 showed revenue of RMB 2.001 billion, up 53.3%, with net loss narrowing to RMB 789.8 million. Full-size embodied-intelligence humanoids became the largest single revenue line at RMB 820.6 million, up 2,203.7% year on year, on 1,079 units delivered. UBTECH says more than 80% of those units went into industrial settings including automotive, smart logistics, 3C and semiconductor manufacturing, aerospace and industrial data collection, and that it also sold 12,759 sub-160cm humanoids, up 62.2%. Walker S2 mass production and delivery began in November 2025 with an order book above RMB 800 million. Annualised capacity for full-size humanoids passed 6,000 units by the end of 2025, with utilisation reported at under 20% — order conversion, not assembly, is the binding constraint.

Humanoids Daily has previously documented the customer base behind those figures: deployments at BYD, Foxconn and Geely, a Texas Instruments semiconductor programme, a logistics agreement with Honda Trading (China), and a year-long Walker S2 pilot at Rossmann's Burgwedel warehouse in Germany.

The consumer turn

On 30 June 2026 UBTECH launched the UWORLD U1, a full-size "ultra-bionic" companion humanoid sold in three configurations — U1 Lite, U1 Pro and U1 Ultra — priced from RMB 119,800, with 88 degrees of freedom and an emotion-oriented language model. The company said cumulative orders had passed 13,361 units at the launch event, with deliveries in China due from September 2026; as of late July those deliveries had not been independently verified. More than 50 full-size ultra-bionic variants, between 1.60m and 1.85m tall, were shown at the same event.

Capital and supply chain

UBTECH funds itself largely through the equity market. Chinese market data cited in April 2026 counted six H-share placements since listing, bringing cumulative fundraising including the IPO to about HK$8.691 billion; the November 2025 placement alone raised roughly HK$3.109 billion at HK$98.80 per share, with about 75% earmarked for investment in or acquisition of supply-chain businesses. In March 2026 UBTECH completed the transfer of a 29.99% stake in Shenzhen-listed Fenglong (002931.SZ), becoming its controlling shareholder under a wider 43% agreement worth about RMB 1.665 billion. In August 2025 it signed a US$1 billion strategic financing facility with Infini Capital.

Position

Counterpoint Research data reported by this publication put UBTECH fourth globally in first-half 2026 humanoid shipments, at roughly 1,000 units and 4.4% share, behind AGIBOT, Unitree and Galbot — a function of a portfolio weighted toward expensive full-size industrial machines rather than compact volume platforms. The company appeared at the 2026 World Robot Conference in Beijing in August.

Robots & products

A selection of the company's announced products, not a complete catalogue.

UBTECH Robotics Walker S2

Walker S2

Commercially available

Bipedal humanoid · announced November 2025

Full-size industrial humanoid robot for automotive, logistics and electronics manufacturing, which entered mass production and delivery in November 2025 with an order book above RMB 800 million.

UBTECH Robotics UWORLD U1 series

UWORLD U1 series

Announced

Bipedal humanoid · announced June 2026

Consumer "ultra-bionic" companion humanoid sold in three configurations — the semi-torso U1 Lite, the full-body U1 Pro and the high-dynamic U1 Ultra — with 88 degrees of freedom and an emotion-oriented language model.

DoF
88
Price
$16.5K

Funding

$1.7B raised
RoundDateAmountValuationLead investors
GrowthNovember 2025$398.6M
StrategicAugust 2025$1BInfini Capital
GrowthJuly 2025$317M
IPODecember 2023Undisclosed

Timeline

  1. Launches UWORLD U1 consumer companion humanoid

    Three configurations priced from RMB 119,800 to RMB 990,000 with 88 degrees of freedom; UBTECH reported cumulative orders above 13,361 units at launch, with China deliveries due from September 2026.

    prnewswire.com
  2. FY2025 results: humanoids become largest revenue line

    Revenue reached RMB 2.001bn, up 53.3%, with full-size humanoid revenue of RMB 820.6mn on 1,079 units — up 2,203.7% — and net loss narrowing to RMB 789.8mn.

    UBTECH’s 2025 Financials: Humanoids Leap to Center Stage as Losses Narrow
  3. Becomes controlling shareholder of listed supplier Fenglong

    A 29.99% stake transfer in Shenzhen-listed Fenglong (002931.SZ) completed in March 2026 under a December 2025 agreement to acquire 43% for about RMB 1.665bn; the precise completion day within March was not stated.

    finance.sina.com.cn
  4. HK$3.1bn placement funds supply-chain buildout and capacity ramp

    The third placement of 2025 took the year's placement proceeds past HK$7bn, with about 75% of the latest tranche earmarked for supply-chain investment as the company planned thousands of humanoid deliveries in 2026 and 10,000-unit output in 2027.

    UBTECH Targets 10-Fold Output Jump to 5,000 Humanoids in 2026
  5. Walker S2 enters mass production with orders above RMB 800 million

    UBTECH began volume delivery of its industrial humanoid, the step that turned humanoids into its largest revenue line the following quarter.

    prnewswire.com
  6. Signs US$1 billion financing facility with Infini Capital

    Announced days after H1 2025 results showing revenue of RMB 621 million, up 27.5%, and a narrowed loss of RMB 439 million.

    tmtpost.com
  7. Lists on HKEX main board as first humanoid robot company

    UBTECH's H shares began trading under code 9880, with a Walker S robot striking the listing gong.

    ubtrobot.com
  8. 540 Alpha robots perform on CCTV Spring Festival Gala

    The mass Alpha performance on China's most-watched broadcast entered the Guinness World Records and established UBTECH's consumer profile in China; the company cites it in its corporate history without giving a day.

    ubtrobot.com
  9. UBTECH founded in Shenzhen by Zhou Jian

    The company was established in March 2012 to research, develop and design robots; Wikipedia gives the specific date of 31 March 2012.

    commercial.ubtrobot.com

Latest on UBTECH Robotics

All 37 stories →

Huawei and UBTech Join Forces to Bring Humanoid Robots to Factories and Homes

Huawei and UBTech Robotics have formed a strategic partnership to accelerate the development and adoption of humanoid robots for both industrial and domestic applications. Leveraging Huawei's AI processors, cloud, and large models, the collaboration aims to create smart factories and household service robots, underpinned by a new joint innovation center focused on embodied intelligence.

Unitree CEO: End-to-End AI is the Real Bottleneck for Humanoid Robots

Unitree Robotics CEO Wang Xingxing stated at a Shanghai forum that while hardware cost and durability are important, the primary bottleneck for humanoid robots is developing unified, end-to-end AI systems. He highlighted strong market demand, Unitree's leading sales figures, and made an urgent call for talent across all departments.

Sources