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Unitree revenue jumps 70% in Q3 as profit falls
Unitree Technology, a Hangzhou-based maker of humanoid and quadruped robots, said third-quarter revenue rose 69.93% year on year to 665 million yuan (US$99.8 million).
Net profit attributable to shareholders of the listed company fell 17.37% to 113 million yuan (US$17 million) in the same quarter.
Revenue rose 55.71% year on year to 1.8 billion yuan (US$273 million) in the first nine months of the year.
Net profit attributable to shareholders of the listed company rose 270.54% to 387 million yuan (US$58.1 million) over that period.
Unitree’s growth comes as China’s humanoid robot sector expands rapidly, with domestic competitors including Agibot, UBTech, Leju, and Xpeng.
🔗 Source: Yicai
