Unitree Robotics: To Submit IPO Application From October to December

On September 2nd, Yushu Technology posted on social media that, according to the plan, it is expected to submit listing application documents to the stock exchange between October and December 2025, at which time the company's relevant operational data will be officially disclosed.

Regarding the company's product revenue structure, Unitree Robotics stated that, for the year 2024, the sales of quadruped robots, humanoid robots, and component products account for approximately 65%, 30%, and 5% respectively. Among them, about 80% of the quadruped robots are used in research, education, and consumer sectors, while the remaining 20% are applied in industrial fields such as inspection and firefighting. Humanoid robots are entirely used in research, education, and consumer sectors.

Image source: Unitree Robotics

In its statement, Unitree Robotics specifically emphasized that the company has always been committed to promoting the application of high-performance general-purpose robots across various industries in the "civilian sector." The company hereby reminds all parties to carefully distinguish and avoid mistaking robots from other companies or third-party modified equipment for Unitree products.

It is reported that Unitree Robotics initiated its listing counseling in July this year, with China Securities serving as the counseling institution. Filing data shows that Wang Xingxing, the controlling shareholder and actual controller of Unitree Robotics, directly holds 23.8216% of the company's shares and controls 10.9414% of the company's shares through Shanghai Yuyi Enterprise Management Consulting Partnership (Limited Partnership), totaling 34.7630% of the company's shares.

In June this year, Unitree Robotics announced the completion of its Series C financing, with industry giants such as Tencent, China Mobile, Alibaba-affiliated capital, and Geely Holding Group all participating. The financing amount was close to 700 million RMB. Additionally, the Beijing Robotics Industry Development Investment Fund, managed by First Seafront Capital under First Seafront Holdings Limited, also completed an additional investment in Unitree Robotics.

Image source: Unitree Robotics

Founded in 2016 by Wang Xingxing, Unitree Robotics has garnered significant attention this year with its humanoid robots frequently making headlines, bringing unprecedented focus to China’s humanoid robotics industry. Within the broader embodied robotics field, Unitree Robotics naturally attracts attention; during this year’s WAIC and WRC exhibitions, its booth was always packed, and its robots took center stage in robot combat and athletic competitions. Unitree Robotics' IPO is therefore regarded as one of the most highly anticipated IPOs in the robotics sector.