Ubtech, the "first stock in the humanoid robot sector", has won another large order worth hundreds of millions of yuan. Its stock price rebounded after falling more than 4%.

Image source: Ubtech official website

Ubtech (09880.HK) has won another large order worth hundreds of millions.

According to the disclosure on the Sichuan Provincial Public Resources Trading Information Network on November 4th, Ubtech won the bid for the "Equipment Procurement Project of Zigong Digital Investment Humanoid Robot Data Collection Center". The winning product is Ubtech's latest embodied intelligent humanoid robot Walker S2 with autonomous battery swapping function, and the procurement amount reached 159 million yuan. The order is expected to be delivered in November.

This is the second time that Ubtech has won a large - scale order after winning the world's largest humanoid robot contract in September this year. At the beginning of September, Ubtech announced that it had obtained a procurement contract worth 250 million yuan for embodied intelligent humanoid robot products and solutions from a well - known domestic enterprise. This contract mainly involves the humanoid robot Walker S2 (equipped with an autonomous hot - swapping battery system), and the delivery will start within this year. Statistics show that as of now, the annual cumulative orders of the Walker series of humanoid robots have exceeded 800 million yuan.

On November 5th, Ubtech's stock price dropped by 4.27% at one point and then started to rise in the afternoon. As of the close of the day, the stock rose 1.30% to HK$132.80 per share, with a market value of HK$62.673 billion.

Ubtech was founded in March 2012. Its main business is the R & D of intelligent service robots and humanoid robots, covering the fields of artificial intelligence education, intelligent logistics, intelligent health care, commercial services, and consumer - grade robots. On December 29, 2023, Ubtech was listed on the main board of the Hong Kong Stock Exchange and is known as the "first humanoid robot stock".

As of now, Ubtech has cooperated with leading enterprises in the industry such as BYD, Dongfeng Liuzhou Motor, and Geely Automobile. The industrial humanoid robot Walker S series is the humanoid robot that has entered the most factory training programs globally.

Although Ubtech has won many large orders, it is still under pressure in terms of profit. Ubtech's mid - year performance report for 2025 shows that its revenue in the first half of this year reached 621 million yuan, a year - on - year increase of 27.5%. The main reasons are the launch of new consumer - grade products and the delivery of signed projects. During the reporting period, its net loss narrowed to 440 million yuan, compared with a loss of 540 million yuan in the same period of the first half of 2024; the overall gross profit was 217 million yuan, a year - on - year increase of 17.3%.

The consumer - grade robot and other hardware equipment business is the company's largest source of revenue, accounting for 41.8% of the revenue in the first half of this year; the educational intelligent robot and intelligent robot solution business accounted for 38.6% of the revenue; the revenue of the other industry - customized intelligent robot and intelligent robot solution business and the logistics intelligent robot and intelligent robot solution business accounted for 10.3% and 9% respectively.

Zhou Jian, the founder, chairman, and CEO of Ubtech, revealed at the earnings conference at the end of August that the company expects to deliver more than 500 industrial humanoid robots throughout the year, with an annual production capacity of more than 1000 humanoid robots.

This article is from the WeChat public account "Jiemian News", author: Hou Ruining. It is published by 36Kr with authorization.