Understanding the Market | UBTECH ROBOTICS opened over 5% higher as the company won another bid for a large order of 126 million, with annual orders for Walker humanoid robots exceeding 630 million

UBTECH ROBOTICS opened over 5% higher, and as of the time of writing, it rose 5.05% to HKD 129, with a transaction volume of HKD 31.031 million. According to a disclosure from the UBTECH ROBOTICS WeChat official account, on October 16, the company won the bid for the "Guangxi Embodied Intelligent Data Collection and Testing Center Equipment Procurement and Installation" project, with an order amount of 126 million yuan. According to the project plan, this procurement includes UBTECH ROBOTICS' latest model, the fully autonomous embodied intelligent humanoid robot Walker S2, which can autonomously change batteries. The order is scheduled to be delivered within 2025 after the contract is signed. This bid win follows the largest single order of 250 million globally in September and several tens of millions of orders recently, marking another humanoid robot order exceeding 100 million yuan for UBTECH ROBOTICS. So far, excluding the marathon champion-level full-size humanoid robot TianGong XingZhe jointly developed by UBTECH ROBOTICS and Beijing GuoDi to establish the Embodied Intelligent Innovation Center, the UBTECH ROBOTICS Walker series humanoid robots have received orders exceeding 630 million yuan throughout the year