China's Ubtech rises on first order for humanoid robots

Ubtech Robotics

28/04/2025 08:06

** Ubtech Robotics 9880.HK rises 5% to HK$85.65; set to snap two consecutive sessions of fall

** Chinese humanoid robot maker gets first procurement contract from an industrial client for humanoid robots Walker S1 and Walker C for manufacturing needs and commercial hospitality in automobile factories

** Gets advance payment from purchaser

** Citi ("buy/high risk") says, "Although UBTECH did not reveal the order size, we think that this order represents a stride towards the commercialization of humanoid robots in industrial applications"

** YTD, stock gains 51.6%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))