On June 1, UBTECH Robotics rose 3.33% in regular trading, trading at HK$105.7/share, with trading volume of HK$238 million. The stock rebounded after consecutive pullbacks driven by concerns over a discounted share placement that raised approximately HK$3.056 billion through the issuance of around 31.47 million H shares at a discount exceeding 11%.

On the news front, multiple positive signals converged to support the recovery. The company's new product roadmap is approaching a key delivery window, with Walker X scheduled for a June launch and Walker S3 set to debut in Q2, alongside an upward revision of the shipment target to 5,000 units. Additionally, the joint venture company Xixuan Chuangzhi Technology (Wuxi) Co., Ltd., co-established with Muxi Semiconductor and Fenglong Electric with a registered capital of RMB 100 million, has officially completed registration. The entity will focus on developing edge-side chips for embodied intelligence, with UBTECH and Muxi each holding 35.01% equity stakes and both founders serving as chairman and vice chairman respectively.

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