UBTECH sold over 1,000 full-sized humanoid robots last year, with the stock price soaring 14%.

Ask AI · What technological supports are behind the explosive sales growth of UBTECH’s full-size robots?

Reporter Lin Dianchi, 21st Century Business Herald, Shenzhen

On April 1st, the stock price of UBTECH opened high and continued to rise, closing at midday with a 14.17% increase, at 97.5 yuan, with a market value reaching 42.19B yuan.

In terms of news, on the evening of March 31st, “the first stock of humanoid robots” UBTECH (9880.HK) released its 2025 full-year performance report.

The report shows that by 2025, the company’s core business achieved breakthroughs, with strong growth in humanoid robot revenue. Among them, full-size embodied intelligent humanoid robots (not remote-controlled or toys, over 160cm tall) performed outstandingly, with revenue reaching 820 million yuan, a year-on-year increase of 2203.7%, and sales of 1,079 units, a year-on-year increase of 35,866.7%. Both revenue and sales ranked first globally.

According to IDC’s latest report, in 2025, global shipments of humanoid robots will approach 18k units, a year-on-year increase of 508%, with a market size of about $440 million, mainly used in entertainment performances, scientific research and education, data collection, and other fields.

In comparison, YuShu Technology’s prospectus shows that in 2025, the company’s humanoid robot shipments exceeded 5,500 units (pure humanoids, excluding wheeled dual-arm robots). However, it should be noted that YuShu Technology’s humanoid robot shipments rely more on medium-sized humanoid robots G1.

Additionally, non-full-size, non-embodied intelligent humanoid robots (including remote-controlled, pre-programmed, and toys, under 160cm tall) sold 12,759 units, ranking first globally as well.

In 2025, UBTECH’s total revenue reached 18k yuan, a year-on-year increase of 53.3%, ranking first among global humanoid robot companies. Among them, revenue from full-size embodied intelligent humanoid robots accounted for 41.0%, becoming the company’s largest source of income. Gross profit was 448 million yuan, up 1,568.1% year-on-year, driving overall gross profit to 750 million yuan, an increase of 101.5%.

In terms of application deployment, in 2025, UBTECH became the only company worldwide to deliver over 1,000 full-size embodied intelligent humanoid robots throughout the year, with industrial scenarios accounting for over 80%. The Walker series industrial humanoid robots have been mass deployed in automotive manufacturing, smart logistics, 3C electronics manufacturing, semiconductor manufacturing, and aerospace manufacturing.

On the technology R&D front, in 2025, UBTECH’s R&D investment exceeded 500 million yuan, accounting for 25.4% of revenue. Among them, R&D investment for full-size embodied intelligent humanoid robots (not remote-controlled or toys, over 160cm tall) exceeded 270 million yuan, while for non-full-size, non-embodied intelligent humanoid robots (including remote-controlled, pre-programmed, and toys, under 160cm), it was 16 million yuan.

Over the past four years, the company’s cumulative R&D investment has reached 1.9 billion yuan. The company has assembled a R&D team of 948 people, including 430 with master’s degrees or higher, continuously strengthening core technical talent reserves.

In the most core embodied brain field, the company has open-sourced its self-developed embodied intelligent large model Thinker, achieving nine global firsts and creating a physical AI base; simultaneously developing closed-loop feedback visual-language action models Thinker-VLA, and a world model Thinker-WM for industrial embodied intelligent humanoid robots, building a complete embodied intelligent technology stack. This upgrades the group brain network 2.0 and Co-Agent industrial collaboration intelligent agents, enabling humanoid robots to evolve from individual autonomy to group intelligence.

On the hardware and perception level, the company iteratively released the fourth and fifth generations of dexterous hands, achieving sub-millimeter precision operations; its self-developed binocular vision technology for humanoids reaches 99.5% accuracy in industrial scenarios, creating high-visual-precision industrial robots; pioneering a hot-swappable autonomous battery exchange system, enabling humanoid robots to autonomously swap batteries in 3 minutes and operate continuously 24/7, creating a new type of always-on productivity.

The financial report shows that by the end of 2025, UBTECH held 4.92 billion yuan in cash and equivalents, with sufficient funds to mainly invest in embodied intelligence. Previously, the company acquired Shenzhen-listed Fenglong Co., Ltd. (002931.SZ), deepening industrial synergy.

Looking ahead to 2026, UBTECH states it will continue to focus on the R&D and commercialization of full-size embodied intelligent humanoid robots, leveraging ample funds, top talent, and world-leading technology to lead the development of the global humanoid robot industry.