Latest progress of Unitree's IPO: Completed the demonstration and analysis of the fundraising project and decided to change the name to "Unitree Technology Co., Ltd."
On October 21st, CITIC Securities, the IPO counseling institution for Unitree Technology, recently submitted the "Report on the Progress of Counseling Work (First Phase)". When discussing the "major existing problems and solutions", the report revealed that the counseling work team, together with Unitree Technology's management, analyzed and demonstrated the planned raised - funds investment projects in combination with industry development trends, the company's own competitive advantages, and future development plans to ensure that the raised - funds investment projects are in line with the company's future development strategy.
The report also revealed that at the fifth extraordinary general meeting of shareholders in 2025, Unitree Technology reviewed and passed the "Proposal on the Company's Name Change", deciding to change the company's name to "Unitree Technology Co., Ltd." (previously "Hangzhou Unitree Technology Co., Ltd."), and relevant industrial and commercial registration change procedures are currently being processed.
In September this year, Unitree Technology stated that the company is actively promoting IPO preparations and is expected to submit listing application documents in the fourth quarter of this year. If successful, Unitree Technology's IPO will be one of the largest and most well - known listings of domestic technology companies in China in recent years.
Unitree Technology is a company focusing on civilian robots.
Unitree Technology previously briefly introduced the revenue structure of its products in publicly released documents. Taking 2024 as an example (the specific data shall be subject to the information disclosed in the subsequent initial public offering documents): the sales of quadruped robots, humanoid robots, and component products accounted for approximately 65%, 30%, and 5% respectively.
Among them, about 80% of the quadruped robots are used in research, education, and consumer fields, while the remaining 20% are used in industrial fields such as inspection and fire - fighting. Humanoid robots are entirely used in research, education, and consumer fields.
Since its establishment, Unitree Technology has been committed to applying high - performance general - purpose robots to different industries in the civilian field, and has clearly stated and restricted this in the company's official website, product manuals, partnership agreements, and various other documents.
On October 20th, Unitree Technology officially launched the new - generation full - size humanoid robot Unitree H2. The robot is 180 cm tall and weighs 70 kg. Its core breakthrough lies in that the degrees of freedom (number of joints) of the whole body have been significantly increased from 19 in the previous generation H1 to 31, an increase of 63%. The newly added joints are mainly concentrated in the upper limbs and torso, significantly enhancing the flexibility and precision of its movements.
Wang Xingxing, the founder of Unitree Technology, said that the launch of H2 marks the transformation of humanoid robots from "movable machines" to "usable partners", and its design goal is to "serve everyone safely and friendly". According to public information, Wang Xingxing previously revealed that the order demand for humanoid robots was strong in 2025.
Recently, Wang Xingxing attended the academic annual meeting of Meituan Robotics Research Institute at IROS2025 (International Conference on Intelligent Robots and Systems) in Hangzhou. In the round - table discussion session, Wang Xingxing mentioned that as artificial intelligence technology develops to a certain level, the dependence of robots on hardware performance will gradually decrease. For example, the research and development of robot "hands" involves challenges at both software and hardware levels, and people have not been able to solve the dexterity problem of robot "hands" for a long time. But theoretically, if the AI (artificial intelligence) algorithm is advanced enough, robots can perform delicate operations without complex mechanical structures.
Wang Xingxing gave an example that in reality, some disabled people can even complete high - difficulty tasks such as threading a needle without hands, indicating that hardware is not a decisive factor under the premise of high - level intelligence. He admitted that although Unitree Technology itself focuses on hardware research and development, it must be recognized that "the more powerful the AI, the lower the hardware requirements" is a real trend in the industry.
Wang Xingxing mentioned that compared with traditional algorithms, modern AI algorithms have significantly improved their tolerance for hardware errors, noise, and consistency, and are more adaptable to hardware environments with problems such as gaps and uneven friction in reality. However, in the short term, high - performance hardware remains the key to ensuring the stable operation of robots.
"If embodied intelligence is truly realized, it is actually very close to AGI (Artificial General Intelligence), or even already at the AGI level," Wang Xingxing said. "AGI can perform various tasks required by humans, such as production, consumption, entertainment, mining, and interstellar exploration, and it is the ultimate invention of humanity. 'Our generation of young people is in an exciting era because there was a lack of computing power chips decades ago, and it may have been achieved by others decades later. Only now do we have the opportunity to participate in this historical breakthrough. If someone can propose an intelligence law similar to Newton's laws, they will become the most outstanding figure in human history'."
This article is from the WeChat public account "Unicorn Early Knowledge", author: iponews studio, published by 36Kr with permission.