Unitree Robotics IPO: The Age of Exploration for Robots Has Arrived

The highly anticipated UTree Technology is finally going public.

Someone asked, as a leading company in the global universal robot industry, UTree Technology is in a rapid growth phase, with performance surging in 2025, ample cash reserves, and a fast-growing business. Why go public at this moment?

Of course, it’s to fulfill the mission of going public, to set the direction for future robot companies and the entire robotics industry chain, and to tell the industry, capital, and young entrepreneurs:

Come on, endless treasures are buried here. Join the robotics industry chain now.

Let’s take a look at UTree’s prospectus.

1. Right from the start, UTree makes a clear statement: “World-class” and “Internationally leading.”

By 2025, “Global shipment of humanoid robots will be number one,” but UTree’s humanoid robot shipments in 2025 are only 5,500 units, which is less than the shipment volume of other companies’ humanoid robots. It can only be said that the “market potential is huge.”

2. Revenue Data

• 2022: Revenue of 120 million yuan, with no humanoid robot shipments;

• 2023: Revenue of 160 million yuan, with a total of 5 humanoid robots sold that year, generating 3 million yuan in revenue;

• 2024: Revenue of 390 million yuan, with humanoid robot sales of 110 million yuan, accounting for 28%;

• January-September 2025: Revenue of 1.15 billion yuan, triple the 2024 figure, with humanoid robots accounting for over 50%.

Based on the 3,551 units sold in the first nine months of 2025, the average unit price of humanoid robots is about 167,600 yuan. The data also shows that the full-year revenue for 2025 is projected to reach 1.7 billion yuan, indicating that “humanoid robots are gaining volume,” which is well justified.

3. Some straightforward and impressive robot data

4. Financial Data

• 2025: Gross profit margin of 59%, with a small profit target achieved.

• R&D investment accounts for only 7% of revenue, relatively low, possibly because the company didn’t expect such good results this year and was hesitant to invest heavily at first.

5. Founder Wang Xingxing, born in 1990, serves as General Manager and CTO, actively involved in R&D.

6. Personnel

• The latest headcount is 480 employees, with 175 in R&D, making up 36%;

• Sales and manufacturing teams each have over 100 employees.

7. Main products include humanoid robots, quadruped robots, robotic arms, and dexterous hands.

Finally, congratulations to UTree. The robotics industry is about to enter a new era of exploration.

Massive information, precise analysis, all on Sina Finance APP.