UBTECH's stock surged over 15% during intraday trading on April 1st. Full-size humanoid robots become a strong growth engine for performance.

On April 1, shares of UBTECH in the Hong Kong stock market showed strong price performance. After the market opened, the stock continued to rise, and its intraday gain at one point briefly exceeded 15%. As of 11:33 a.m., the stock’s gain remained at 13.47%, with the share price at HK$96.9 per share, as market attention increased significantly.

The direct driver supporting the stock’s rise stems from UBTECH’s 2025 performance report disclosed on March 31. The report shows that for the full year, the company generated operating revenue of RMB 2.001 billion, up 53.3% year over year; gross margin increased to 37.7%, up 9 percentage points from 2024, indicating a significant improvement in profitability. Among them, the full-size embodied intelligent humanoid robot business became the core growth engine. Revenue from this segment reached RMB 820 million, surging 2,203.7% year over year. Unit sales jumped from 3 units in 2024 to 1,079 units, an increase of 35,866.7%.

Based on the performance report, the explosive growth of full-size humanoid robots (height above 160 cm, not remotely controlled, not toy-type) was mainly driven by technical breakthroughs and an acceleration in commercialization. The company, by optimizing motion control algorithms and improving environmental perception capabilities, enabled the robots to execute more complex tasks. It successfully entered scenarios such as industrial inspections, logistics handling, and scientific research and education, with the number of customers increasing by more than 10 times versus 2024. The company also reduced costs through lightweight design, driving the average product price down from RMB 2.4 million per unit in 2024 to RMB 0.76 million per unit, further stimulating demand in the market.