UBTECH ROBOTICS (09880) continued its upward momentum, rising nearly 5%. As of press time, the stock was up 3.8% to HK$106.4, with trading volume reaching HK$788 million.

On the news front, UBTECH ROBOTICS secured a 250 million yuan procurement contract for embodied intelligent humanoid robot products and solutions from a prominent domestic enterprise. The contract primarily involves Walker S2 humanoid robots equipped with autonomous hot-swappable battery systems, with delivery scheduled to commence within this year.

Citibank released a research report stating that UBTECH ROBOTICS indicated its humanoid robot orders have reached 400 million yuan. If all orders are delivered this year, Citibank's 2025 revenue forecast for UBTECH ROBOTICS could potentially be raised by approximately 8%.

Notably, on August 31, UBTECH ROBOTICS announced it had formally signed a $1 billion strategic partnership agreement with international investment institution Infini Capital. The partnership encompasses multiple strategic industrial cooperation areas: Infini Capital plans to increase its stake in UBTECH ROBOTICS at an appropriate time, becoming a significant shareholder with no more than 5% equity; both parties will jointly invest in the upstream and downstream supply chain of the humanoid robot industry; simultaneously, both parties plan to establish a super factory, research and development center, and Middle East headquarters in the Middle East region.