Latest progress of Unitree's IPO counseling: The company decides to change its name

On October 21st, according to Securities Times, CITIC Securities, the IPO counseling institution for Unitree Technology, recently submitted the "Report on the Progress of Counseling Work (Phase I)".

The report revealed that at the fifth extraordinary general meeting of shareholders in 2025, Unitree Technology deliberated and passed the "Proposal on Changing the Company's Name", deciding to change the company's name to "Unitree Technology Co., Ltd." (previously "Hangzhou Unitree Technology Co., Ltd."). Currently, the relevant industrial and commercial registration change procedures are being processed.

When discussing the "Main Problems Still Existing and Solutions" in the report, it was revealed that the counseling work team, together with the management of Unitree Technology, analyzed and demonstrated the planned raised - fund investment projects in combination with industry development trends, the company's own competitive advantages, and future development plans. This is to ensure that the raised - fund investment projects are in line with the company's future development strategy.

On the same day, according to the news from Unitree's ecological cooperation, Unitree Technology launched the Unitree quadruped robot training platform. It is reported that this solution is a talent cultivation and certification platform for the entire chain of "embodied intelligent robot technology - operation and maintenance - application R & D" in the field of education. It will take the UnitreeGo2 ecosystem as the core and connect the integrated path of "simulation - hands - on operation - competition - training project".

On October 20th, Unitree Technology launched a new generation of bionic robot, Unitree H2, which is 180 cm tall and weighs 70 kg. According to the official demonstration video, the overall shape of this robot is closer to that of a real person. It has the ability of motion control such as dancing and performing kung - fu, and can also wear clothes and act as a model for a fashion show.

It is reported that this robot is equipped with 31 joints, specifically distributed as 6×2 in the shoulders (6 for each arm), 3 in the torso, 7×2 in the legs (7 for each leg), and 2 joints with unknown functions. Compared with the 26 joints of the R1 model previously launched by Unitree Technology, the number of joints has increased by 19%, and the flexibility has been significantly enhanced.

Unitree Technology has previously launched three humanoid robots, R1, H1, and G1. Among them, R1 is the latest model launched on July 25th, with a height of about 1.2 meters and is not yet in mass production. H1 is the humanoid robot that performed on the 2025 CCTV Spring Festival Gala. This model was launched in August 2023 and is the first full - size general humanoid robot that can run in China launched by Unitree Technology. G1 was launched on May 13th, 2024, and is the second humanoid robot launched by Unitree Technology in 2024.

In terms of pricing, R1 is priced from 39,900 yuan, G1 is priced at 99,000 yuan, and H1 is priced at 650,000 yuan.

Previously, the founder Wang Xingxing revealed that in 2024, the company's revenue exceeded 1 billion yuan. It is one of the few robot companies in the industry that has achieved continuous profitability. Its core product, the quadruped robot (such as the Unitree Go series), dominates the global market, accounting for about 69.75% of the global market sales in 2024. More than 1,500 humanoid robots were also delivered in 2024.

On July 8th this year, CITIC Securities and Unitree Technology submitted the counseling record filing materials through the public offering counseling supervision system. On July 18th, 2025, the counseling record filing report was publicly announced on the online service platform of the China Securities Regulatory Commission.

The counseling record filing report shows that Wang Xingxing, the controlling shareholder and actual controller of Unitree Technology, directly holds 23.8216% of the company's equity and controls 10.9414% of the company's equity through Shanghai Yuyi Enterprise Management Consulting Partnership (Limited Partnership), controlling a total of 34.7630% of the company's equity.

Tianyancha APP shows that Unitree Technology was established in August 2016, and its legal representative is Wang Xingxing.

This article is from "Jiemian News", author: Peng Peng, published by 36Kr with authorization.