Chinese robotics manufacturer Unitree has released its first quarterly report following its listing on the Shanghai STAR market. According to the report, third-quarter revenue reached 665 million yuan, which is 69.93% higher compared to the same period last year. Net profit attributable to shareholders amounted to 113 million yuan.
Over the first nine months, the company's operations showed significant growth: revenue increased by 55.71% to reach 1.817 billion yuan, and net profit attributable to shareholders grew by 270.54%, totaling 387 million yuan. Unitree explained that the increase in profit was partly due to stock-based payments recorded the previous year.
Excluding irregular expenses, net profit for the nine months decreased by 18.78% to 349 million yuan. The company is actively expanding beyond hardware, implementing embodied AI models and applications. Over the first nine months, research and development expenses reached 263 million yuan, representing a 191.48% increase and equivalent to 14.47% of total revenue.