On June 4, Estun Automation rose 5.48% in regular trading, trading at HK$18.03/share with turnover of HK$103 million, extending its recent strong rebound momentum.

On the news front, the humanoid robot sector continues to receive intensive catalysts. Unitree Robotics received IPO approval and submitted registration on June 2, setting a record for the fastest STAR Market IPO review this year. NVIDIA CEO Jensen Huang announced a partnership with Unitree to launch the next-generation humanoid robot reference design H2Plus, scheduled for market release in the second half of this year. Tesla previously announced converting Model S and X production lines into dedicated humanoid robot lines, with third-generation humanoid robot mass production expected to begin in July-August.

On the company front, Estun reported Q1 net profit of RMB 97.84 million, surging 674.64% year-over-year. Its industrial robot shipments surpassed foreign brands for the first time to rank number one in China, with branded robot revenue growing nearly 50% year-over-year. The company also launched its iER series embodied intelligent industrial robots and its subsidiary Estun Cooltronic released the second-generation humanoid robot Codroid02.

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