News

UBTECH (09880) rose over 9% in the afternoon, as of the time of publication, up 9.51%, trading at HKD 96.75, with a transaction volume of HKD 1.941 billion.

In terms of news, on July 28, UBTECH announced that the placement has been completed, with a total of 30.15545 million shares placed, raising a total of HKD 2.41 billion, of which over HKD 1 billion will be used to pay suppliers and service providers. It is reported that the total amount raised from this placement exceeds the sum of the previous four placements, making it the largest stock placement financing for a humanoid robot listed company in capital market history, attracting enthusiastic interest from national sovereign funds, significant industrial capital, long-term funds, and multi-strategy funds.

It is noteworthy that UBTECH recently announced that it won a procurement project for robotic equipment from Miyi (Shanghai) Automotive Technology Co., Ltd. worth over RMB 90.51 million. This winning order is currently the largest procurement order for humanoid robots globally. Additionally, Jianyin International released a research report stating that UBTECH recently disclosed more details about its flagship product, Walker S2, including the AI model Co-Agent, a walking speed of 2 meters per second, and a load capacity of 15 kilograms. This upgrade can meet the needs of various industrial sectors. Citigroup also stated that it believes the 2025 World Robot Conference, held in Beijing from August 8 to 12, will be a positive event for UBTECH