According to UBTECH Robotics' official account, following the nearly 100 million yuan global record-breaking single order for humanoid robots in July, UBTECH has once again set a new milestone by securing a 250 million yuan contract for embodied intelligent humanoid robot products and solutions from a renowned domestic enterprise. The contract primarily involves the Walker S2 humanoid robot, which features an autonomous hot-swappable battery system, with UBTECH set to commence delivery within this year. This represents the largest humanoid robot contract globally to date.
On July 18, according to the bid announcement published on China's Public Service Platform for Bidding and Tendering, UBTECH successfully won the robot equipment procurement project from Miyi (Shanghai) Automotive Technology Co., Ltd., valued at 90.5115 million yuan, primarily for UBTECH's Walker S series industrial humanoid robot products.
Based on publicly available data, UBTECH's Walker series humanoid robots have accumulated nearly 400 million yuan in contracts to date, including approximately 50 million yuan in humanoid robot orders delivered in the first half of the year.
Public records show that Shenzhen UBTECH Robotics Co., Ltd. was established in 2012 as a global high-tech innovation enterprise integrating artificial intelligence and humanoid robot research and development, platform software development and application, and product sales.
As of press time, UBTECH's Hong Kong stock price stood at HK$103.4 per share, with a market capitalization of approximately HK$48.8 billion, representing an 88.17% increase year-to-date.
UBTECH's latest financial results show that for the first half of 2025, the company recorded revenue of 621 million yuan, up 27.5% year-over-year, while losses narrowed to 440 million yuan, representing an 18.5% reduction in losses compared to the same period last year.
Morgan Stanley projects that China's robotics market will grow at an average annual rate of 23% through 2028, reaching $108 billion.
Industry experts believe that this commercial acceleration driven by large orders can boost market confidence in the short term. However, some also note that current humanoid robot factory orders may primarily serve to meet investors' scale requirements. Given that technical approaches have not yet converged and safety standards remain undeveloped, actual robot deployment still faces numerous challenges.