On 10 September, Unitree Technology’s shares fell below the 500 yuan level for the first time, touching 498.7 yuan intraday, a sharp comedown from its blockbuster debut.
By the late morning the stock stood at 500.49 yuan with a market value of RMB 202.4 billion, down more than 54 per cent from the 1,100 yuan opening high on its 19 August listing day, wiping out over RMB 240 billion in value.
Unitree listed on the STAR Market at RMB 150.80 per share. First-day excitement drove the open to 1,100 yuan, a 629.44 per cent jump, with an intraday peak value of RMB 444.8 billion and an 85.28 per cent turnover rate.
Within three weeks the stock halved from its peak, a faster valuation reset than the market expected, though the slide has not derailed its technology or business push.
On 7 September Unitree said it achieved the world’s first real-time, world-model-driven fully autonomous humanoid fight, with its UnifoLM-X2-1.0 breaking bottlenecks in instant planning, decision and dynamic interaction, proving the feasibility of large-scale deployment.
Its wholly owned Chengdu Yuchen unit has also completed registration, settling in Chengdu to focus on research, pilot bases, scenario innovation, data services and industry-education ties.
Editor’s note: This is an adapted translation of the original Gasgoo report. It has been trimmed and restructured for readability for an international business audience. The full original (in Chinese) is at https://www.gasgoo.com/apps/50640d4b55d5cba175fb84f15d679f19/robot/news/70471654.
Translated and adapted from Gasgoo (https://www.gasgoo.com/apps/50640d4b55d5cba175fb84f15d679f19/robot/news/70471654).