Understanding the Market | UBTECH ROBOTICS rises over 4% and secures a large order of 32 million yuan, with total orders for humanoid robots nearing 500 million

UBTECH ROBOTICS rose over 4%, as of the time of writing, up 4.35%, reported at HKD 136.8, with a transaction volume of HKD 415 million. In terms of news, on October 15th, UBTECH ROBOTICS announced the formal signing of a humanoid robot procurement contract with a well-known listed automotive technology company in the A-share market. This company will procure humanoid robot products and solutions from UBTECH ROBOTICS, primarily featuring the latest Walker S2, with a total procurement amount exceeding 32 million, covering factory manufacturing applications and supporting embedded data collection factory product services. The order is planned to be delivered by 2025. Following the Walker S2 humanoid robot's achievement of the largest single order globally in September, along with this new order of 32 million, UBTECH ROBOTICS has now secured nearly 500 million in contracts for its Walker series humanoid robots, excluding the Tiangong Walker humanoid robot