UBTech powers up as humanoid robot sales jump 23-fold

Shares of Hong Kong-listed UBTech jumped after the robotics firm reported a surge in 2025 revenue, driven by an explosive 23-fold rise in humanoid robot sales as China’s robotics sector moves into large-scale production. Revenue from full-size embodied intelligent humanoid robots and related services reached 820 million yuan (US$119 million) last year, making it UBTech’s largest business line. That marked a 2,203 per cent increase from a low base of 35.6 million yuan in 2024, according to earnings released on Tuesday. The Shenzhen-based company sold 1,079 full-size humanoid robots in 2025, up from just three units a year earlier. Total revenue climbed 53 per cent year on year to 2 billion yuan. Its shares rose more than 14 per cent on Wednesday morning, hitting HK$97.50 by midday. UBTech attributed the surge in sales to what it described as the “comprehensive acceleration of large-scale scenario-based applications”, which has enabled it to translate its technology into sizeable commercial orders. The results offer a rare window into the economics of China’s fast-growing humanoid robotics industry, which is benefiting from global momentum around “embodied intelligence” – the integration of artificial intelligence with physical machines. Despite the rapid growth, UBTech remained loss-making, reporting a net loss of 790 million yuan for 2025, narrowing from 1.2 billion yuan a year earlier, supported by stronger robot sales. Elsewhere in the sector, Hangzhou-based Unitree Robotics said in March that its revenue rose 335 per cent to 1.71 billion yuan last year, while adjusted net profit increased nearly eightfold to 600 million yuan. Unitree has filed for an initial public offering on Shanghai’s Star market, aiming to raise 4.2 billion yuan. The company delivered more than 4,000 humanoid robots between 2022 and September 2025, with total deliveries reaching 5,500 units last year, according to its prospectus. Shanghai-based Agibot, which is reportedly planning an IPO in Hong Kong this year, said on Monday that it had rolled out its 10,000th humanoid robot, including 5,000 units produced in the past three months. UBTech said it had reached an annual production capacity of 6,000 full-size humanoid robots in 2025, with deployments spanning industries such as automotive manufacturing and logistics. The company previously said it aimed to produce 100,000 humanoid robots by the end of 2026.