China’s Unitree Robotics Plans IPO Filing This Year

HANGZHOU, Unitree Technology Co, one of China’s leading robotics developers, announced it will file documents to list on a domestic stock exchange as early as next month, potentially giving investors their first detailed look at its financial performance.

The Hangzhou-based company said on X (formerly Twitter) on Tuesday that it plans to submit filings on its operations to the exchange between October and December. Unitree had already submitted a pre-listing application in July, though the firm did not disclose which bourse it intends to pursue.

Unitree gained significant attention in February when founder Wang Xingxing appeared alongside prominent Chinese entrepreneurs at a high-profile meeting with President Xi Jinping. The company has since become one of China’s most talked-about robotics firms, with its machines showcased in demonstrations ranging from marathon running to logistics assistance. Wang said in June that annual revenue had surpassed RMB1 billion (RM590 million).

While widespread consumer adoption of bipedal robots remains distant, several Chinese companies — including Shenzhen-based Leju Robotics and UBTech Robotics Corp — have already deployed humanoid machines in electric vehicle factories for tasks such as moving boxes and sorting materials.

Unitree, however, stressed that its focus remains on civil applications. The company sought to distance itself from viral footage last year showing robot dogs being used in Chinese military drills. In a separate statement on Tuesday, it added that it has since patched a security vulnerability identified in its Go1 robotic dog models following reports of potential hacking risks.

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