UBTECH ROBOTICS (09880) rose more than 9% in the afternoon session. At the time of writing, the stock was up 9.07% to HK$122.70, with a turnover of HK$1.657 billion.

On May 20, Zhou Jian, the founder of UBTECH ROBOTICS, announced via Weibo that the company has launched a consumer-grade humanoid robot brand, UWORLD. It is understood that the application scenarios for "consumer-grade humanoid robots" are primarily targeted at individuals and families. The current focus is on core applications such as emotional companionship, education, and entertainment, with exploration beginning towards general-purpose task services. The market is already showing a clear stratification trend, ranging from entry-level products priced under ten thousand yuan to general-purpose products aimed at future home services, with the pace of mass-market adoption continuously accelerating.

West China Securities research noted that UBTECH ROBOTICS recently formally signed a strategic cooperation agreement with Hitachi (China) Ltd. According to this agreement, the two parties will engage in in-depth collaboration in areas where the Hitachi Group has market-competitive strengths, such as elevators, building systems, healthcare, industrial equipment, and semiconductor manufacturing equipment. They will fully leverage UBTECH ROBOTICS's technological advantages in humanoid robotics and Hitachi's extensive experience in intelligent manufacturing and system integration to jointly develop intelligent solutions suitable for different production scenarios. The institution stated that in 2025, the company's revenue from humanoid robots has significantly increased, already becoming its largest revenue source. In terms of production capacity, by the end of 2025, UBTECH ROBOTICS had achieved an annualized production capacity of over 6,000 units for full-size embodied intelligent humanoid robots, laying a capacity foundation for scaled deliveries. Simultaneously, based on real operational demands in industrial scenarios and the evolution direction of embodied intelligence technology, UBTECH ROBOTICS has leveraged its self-developed embodied intelligence large model, Thinker, to launch the new embodied intelligence world model, Thinker-WM. This aims to build a physical AI foundation, achieving a comprehensive upgrade in the embodied brain architecture and core capabilities. The institution forecasts the company's revenue for 2026-2028 to be RMB 3.840 billion, RMB 5.255 billion, and RMB 7.911 billion, representing year-on-year increases of +91.9%, +36.8%, and +50.5%, respectively, and maintains a "Buy" rating.