Hong Kong Stock Market Update: UBTECH ROBOTICS surged over 8% as it was recently included in the Stock Connect program. The company expects an increase in revenue contribution from its humanoid robot business.

UBTECH ROBOTICS's stock price has risen by over 8%, with an expected increase in revenue from humanoid robot business. The company was included in the Hang Seng Composite Index and the Hang Seng Stock Connect Greater Bay Area Composite Index on March 4, entering the list of securities eligible for trading under the Stock Connect program. Guotai Junan Securities stated that 2024 will be the eve of mass production of humanoid robots, with humanoid robots actively participating in industrial interactions to prepare for true mass production. Additionally, the company expects short-term contributions from education and logistics robots in the future, while revenue from humanoid robot business is anticipated to increase.