---
title: "According to Citigroup in \"The Big Banks,\" UBTECH ROBOTICS' stock price is expected to respond positively to its performance"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/281296588.md"
description: "Citigroup's report pointed out that UBTECH ROBOTICS' net loss narrowed by 37% year-on-year to RMB 703 million, with gross margin increasing to 37.7%. Revenue from humanoid robots surged 22 times to RMB 820 million, exceeding expectations. It is expected that by 2025, the gross profit from humanoid robots will reach RMB 448 million, growing 15.7 times annually. Citigroup reiterated a \"Buy\" rating with a target price of HKD 155, expecting the stock price to react positively to the performance"
datetime: "2026-04-01T03:22:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281296588.md)
  - [en](https://longbridge.com/en/news/281296588.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281296588.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/281296588.md) | [繁體中文](https://longbridge.com/zh-HK/news/281296588.md)


# According to Citigroup in "The Big Banks," UBTECH ROBOTICS' stock price is expected to respond positively to its performance

Citigroup published a report stating that UBTECH ROBOTICS (09880.HK) narrowed its net loss by 37% year-on-year to RMB 703 million, which is 20% and 31% lower than the bank's and market forecasts, respectively; the gross profit margin increased by 9 percentage points year-on-year to 37.7%, higher than the bank's forecast of 30.1% and the market's forecast of 31.3%; revenue from humanoid robots surged 22 times year-on-year to RMB 820 million (a total of 1,079 units), exceeding the bank's original estimate of RMB 508 million (725 units) by 61%.

The report indicated that the improvement in UBTECH ROBOTICS' gross profit margin mainly comes from its humanoid robot business, which achieved a gross profit margin of 54.6%. The company also revealed that by 2025, the gross profit from humanoid robots will reach RMB 448 million, growing 15.7 times year-on-year, accounting for 59% of the company's total gross profit.

The bank expects UBTECH ROBOTICS' stock price to react positively to this better-than-expected performance in 2025. It reiterated a "Buy" rating, citing its first-mover advantage in the humanoid robot industry. The target price is HKD 155

### 相关股票

- [UBTECH ROBOTICS (09880.HK)](https://longbridge.com/zh-CN/quote/09880.HK.md)

## 相关资讯与研究

- [UBTech powers up as humanoid robot sales jump 23-fold](https://longbridge.com/zh-CN/news/281317279.md)
- [Ubtech Robotics Corp posts FY net loss attributable RMB703.2 mln](https://longbridge.com/zh-CN/news/281211181.md)
- [Ubtech Robotics Narrows Loss in 2025](https://longbridge.com/zh-CN/news/281187944.md)
- [China's Ubtech Pops After Posting 23-Fold Leap in Annual Humanoid Robot Sales](https://longbridge.com/zh-CN/news/281330062.md)
- [Elon Musk announces disappointing Tesla Optimus update](https://longbridge.com/zh-CN/news/281256697.md)