AI HOT (Curated Pool)Aug 6, 2026, 19:21 UTC+8

Unitree sets STAR Market IPO price at ¥150.8/share, valuing it above ¥60B

宇树科技科创板发行价定为 150.8 元/股，市盈率 219.23 倍高于行业平均

Unitree priced its STAR Market IPO at ¥150.8/share, implying a ~¥61B market cap. The 219x P/E ratio is nearly 6x the industry average of 38.56x. The company posted ¥1.7B revenue and ¥278M net profit in 2025, making it one of the few profitable general-purpose robotics firms globally. Strategic investors include China's social security fund and DeepSeek. Online subscription opens Aug 10, payment due Aug 12.

Why it matters: Unitree's STAR Market IPO pricing at 219x P/E is far above the industry average, but the company is one of the few globally profitable general-purpose robot makers, with 278M RMB net profit in 2025. DeepSeek appearing in the strategic placement list is an unexpected signal. Sc...

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Two numbers jump out: 219x P/E against an industry average of 38.56x — nearly 6x the going rate. But Unitree isn't a cash-burning story. ¥1.7B revenue and ¥278M net profit in 2025 make it one of the few profitable general-purpose robotics companies globally.

The strategic investor list includes DeepSeek alongside China's social security fund and CNPC. An AI model company putting actual money into a robotics hardware IPO — not a press-release partnership, but a check — carries more signal than any MoU.

Online subscription opens Aug 10, payment due Aug 12. Earlier market chatter had the IPO price around ¥104; the final ¥150.8 suggests institutional demand during book-building was stronger than expected. But 219x P/E means years of growth are already priced in. Q1 adjusted net profit was down year-on-year, so whether this multiple holds depends on H2 revenue staying above that 40% growth line.

Source: AI HOT (Curated Pool) · ithome.com
Published: Aug 6, 2026, 19:21 UTC+8 · Aug 6, 2026