Unitree’s quarterly revenue surges 70% in test for China’s robotics sector
The Hangzhou-based robotics maker also said research and development spending jumped 249.6% as investors weighed its commercial prospects.
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Unitree’s first post-IPO report shows quarterly revenue growth of nearly 70% · TechNode
Chinese robot maker Unitree reported third-quarter revenue of RMB 665 million, up 69.93% from a year earlier, in its first quarterly earnings report since its August listing on Shanghai’s STAR Market. Net profit attributable to shareholders reached RMB 113 million. For the first nine months, revenue rose 55.71% to RMB 1.817 billion, while attributable net […]
Although the revenue of Unitree, a leading Chinese robotics company, increased by nearly 70% in the third quarter of this year, its net profit declined. As development costs for artificial intelligence (AI) models, which act as the robots' "brains," surged, a gap emerged between the rapid growth of the robotics industry and the securing of profitability. On the 29th, Unitree [listed on] the Shanghai Stock Exchange
Unitree sees quarterly profit jump, but AI investment weighs on core earnings
Leading Chinese robotics company Unitree Robotics on Wednesday reported a 69.93 per cent year-on-year increase in quarterly revenue to 665 million yuan (US$99.7 million), though net profits excluding non-recurring items fell 17.42 per cent to 105 million yuan, as the company released its first earnings since going public. The results for the three months ending September 30 showed a continued surge in research and development spending by the Han…
Unitree’s quarterly revenue surges 70% in test for China’s robotics sector
By Laurie Chen BEIJING, Oct 28 (Reuters) - Unitree on Wednesday said third-quarter revenue rose 70% from a year earlier to 665 million yuan ($99.7 million) in its first earnings result since listing, as China's best-known humanoid maker faces its fir...
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