Automobile factory applications keep emerging. Take a peek at the commercialization code of humanoid robots from Ubtech's annual report.

On the evening of March 30, 2025, Ubtech released its annual performance report for 2024. The report shows that in 2024, Ubtech achieved an annual total revenue of 1.305 billion yuan, a year-on-year increase of 23.7%. It has achieved steady revenue growth for many consecutive years. The annual R & D investment was 478 million yuan, accounting for 36.6% of the revenue. The gross profit reached 374 million yuan, a year-on-year increase of 12.4%, and the loss narrowed by 8.3% year-on-year. Currently, the commercialization of humanoid robots is still in the early stage of development. Ubtech empowers multiple industries with its full - stack humanoid robot technology: the customized industry robot business contributed 140 million yuan in revenue, a year-on-year increase of 126.1%; the consumer - grade robot and other intelligent hardware business contributed 477 million yuan in revenue, a year-on-year increase of 88.1%; the artificial intelligence education business contributed 363 million yuan in revenue, a year-on-year increase of 4.6%.

In 2025, "embodied intelligence" and "intelligent robots" were written into the government work report for the first time. Ubtech elaborated on its future strategy in detail in the performance report, regarding the R & D and commercial application of embodied intelligence technology as the strategic main line, and will continue to promote humanoid robots from industrial and commercial application scenarios to thousands of households. The performance report points out that humanoid robots are the AI representative of new - quality productivity. Ubtech, as a technology pioneer, scenario definer, and ecological co - builder, is deeply integrated into the national strategic blueprint. Ubtech will continue to focus on humanoid robots, multi - modal perception and large - model technology, embodied intelligent decision - making technology, end - to - end motion control technology, and continuously iterate and optimize the autonomous driving technology of L4 - level unmanned vehicles.

According to the performance report, Ubtech's management unanimously believes that humanoid robots, as the best carrier of artificial intelligence, are the ultimate form of embodied intelligence and a forward - looking field for developing new - quality productivity. Ubtech has broken through the swarm intelligence technology for the collaborative scenarios of humanoid robot groups. Recently, it carried out the world's first collaborative training of multiple humanoid robots with multiple scenarios and multiple tasks in Geely's 5G smart factory, promoting the evolution of humanoid robots from single - machine autonomy to swarm intelligence. According to the official announcement, Ubtech's ability to achieve multi - robot collaborative work in factories is due to its R & D of technologies such as the BrainNet architecture and the Internet of Humanoid (loH) central hub, which strengthen the reasoning ability of the super - brain and the skill supply ability of the intelligent cerebellum at the group level. Ubtech's self - developed world's first large - scale multi - modal reasoning model for humanoid robots also enables humanoid robots to have reasoning ability similar to human common sense, supporting the efficient decomposition, scheduling, and collaboration of complex tasks among multiple humanoid robots.

In 2024, Ubtech's independently developed key technologies for embodied intelligence (planning large - scale model for general tasks, semantic VSLAM, learning - based motion control) won the Leading Science and Technology Award at the World Internet Conference, which is the first scientific and technological achievement to win the award with humanoid robot technology in the history of the conference. In addition, the report also points out that Ubtech has made breakthroughs in many robot technologies, such as linear joint technology, the third - generation humanoid five - finger dexterous hand with pressure detection function, ROSA2.0, position control, full - body force control, full - stack motion control technology based on reinforcement learning, and a highly decoupled general dexterous operation software framework. As of December 31, 2024, Ubtech held a total of 2,680 authorized patents, with more than 500 new patents added compared to the previous year, and the proportion of invention patents was 57.87%.

Zhou Jian, the founder, chairman, and CEO of Ubtech, said that the application of humanoid robots in the field of intelligent manufacturing has become a new high - ground for global technological competition. Ubtech's industrial humanoid robots have entered the most factories in the world for training and are competing with Tesla and FigureAI on the same track. We must seize the window period of industrialization and take the lead in achieving practical applications. This can not only solve the labor shortage problem once and for all, assist in new - type industrialization, but also participate in global competition and reshape the global manufacturing pattern. Previously, relevant person - in - charge of Ubtech announced that the company has cooperated with well - known enterprises such as Dongfeng Liuzhou Motor, Geely Automobile, FAW - Volkswagen Qingdao Branch, Audi FAW, BYD, BAIC New Energy, Foxconn, and SF Express. It is the only humanoid robot company in the world that has announced cooperation with multiple automobile manufacturers.

In addition to factory training, Ubtech's humanoid robots have also received purchase orders. According to incomplete statistics, in 2025, Dongfeng Liuzhou Motor will deploy 20 Ubtech industrial humanoid robots and plans to complete the world's first batch deployment of humanoid robots in an automobile factory in the first half of the year. Juranzhijia plans to purchase and deploy 500 Ubtech simulated humanoid robots by the end of 2025, and plans to sell 10,000 units during the cooperation period. Ubtech, in collaboration with the Beijing Humanoid Robot Innovation Center, released the full - size scientific research and education humanoid robot Tianggong Xingzhe, priced at only 299,000 yuan. While the price of similar products (1.7 - meter full - size scientific research humanoid robots) in the market is generally over 500,000 yuan, it reshapes the scientific research and education ecosystem of humanoid robots with high cost - effectiveness. According to Ubtech's official prediction, this year, industrial humanoid robots, the full - size scientific research and education humanoid robot Tianggong Xingzhe, and simulated humanoid robots will achieve large - scale order delivery.

As a leading enterprise in the field of artificial intelligence and humanoid robots in China, Ubtech has become the focus of the capital market with its full - stack self - developed technology advantages and forward - looking industrial application layout. Previously, Ubtech was bullishly regarded by Citigroup, and was considered to be "the next Tesla". Its current valuation can be compared to Tesla's level during the budding period of new - energy vehicles from 2010 to 2011 - at that time, Tesla's Roadster had an annual delivery of only 1,500 units, but the price - to - sales ratio was as high as 24 to 25 times. International investment bank Morgan Stanley released the research report "Humanoid Robots 100: Mapping the Value Map of the Humanoid Robot Industry Chain" the day before yesterday. Ubtech is the only Chinese listed humanoid robot company included in the list, and it is considered to be one of the listed companies "closest to the pure humanoid robot concept" globally. Since Ubtech went public for one year, it has been covered by a large number of securities firms such as Changjiang Securities, GF Securities, Guotai Junan Securities, Huatai Securities, Haitong Securities, Zheshang Securities, Zhongtai Securities, Northeast Securities, and Soochow Securities. Many securities firms' research reports have conducted in - depth research on Ubtech. The unanimous optimism of securities firms is undoubtedly related to the promising prospects of the humanoid robot industry. Combined with the progress of Ubtech's applications in automobile factories successively announced in 2024, the industry and corporate fundamentals of Ubtech are recognized.