China's Ubtech climbs on securing humanoid robots contract at border

Ubtech Robotics

26/11/2025 04:46

** Shares of Chinese humanoid robot maker Ubtech Robotics Corp 9880.HK climb 3.3% to HK$114.2, set for the biggest one-day pct rise since Oct 24

** Stock on course to snap four consecutive sessions of decline

** Ubtech said it has secured a 264 mln yuan ($37.27 mln) contract in Guangxi to deploy industrial-grade Walker S2 humanoid robots to guide travellers, conduct inspections and handle logistics at the national border, among others. Delivery is expected to be in December

** Ubtech also said it would buy a 7% equity interest in logistics robotic products unit Wuxi Uqi Intelligent Technology, from Miracle Automation Engineering 002009.SZ, for 130.1 mln yuan ($18.4 mln), raising its stake in the unit to 41.4906%

** YTD, stock up 104.2%, Hang Seng Tech Index .HSTECH up 26.1%

($1 = 7.0835 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))