UBTECH ROBOTICS has announced another share placement while setting a new record for humanoid robot orders.
On November 25, UBTECH ROBOTICS (09880.HK), known as the "first humanoid robotics stock," disclosed plans to place 31.468 million H-shares to raise approximately HK$3.056 billion. The proceeds will be allocated for industrial integration and debt repayment.
The company stated that the placement aims to consolidate its supply chain and strengthen its leadership in the humanoid robotics industry. This strategic move is intended to enhance UBTECH's competitive edge in industrial manufacturing applications.
According to the announcement, the placement price is set at HK$98.8 per share, representing an 11.39% discount to the closing price of HK$111.50 on November 24 and an 18.56% discount to the five-day average closing price of HK$121.32. Post-placement, the issued share capital will increase from 472 million to 503 million shares, with H-share ownership rising from 85.03% to 85.96%. Major shareholders, including Zhou Jian, Xiong Youjun, and Xia Zuoquan, will see reduced stakes, though none will fall below the 10% threshold, ensuring no change in control.
Approximately 75% (HK$2.292 billion) of the net proceeds will be used for potential upstream or downstream acquisitions or joint ventures within UBTECH's value chain over the next two years. Another 15% (HK$458 million) will support business operations and development, while the remaining 10% (HK$306 million) will repay credit facilities.
UBTECH clarified that it has not yet identified specific acquisition targets or finalized fund allocation.
This marks the company's sixth share placement in the past year, raising a cumulative HK$4.368 billion for operations, facility upgrades, and debt repayment.
In a separate development, UBTECH announced winning a RMB264 million contract for a humanoid robot data collection and testing center in Guangxi's Fangchenggang City, setting a new industry record. The project, featuring the industrial humanoid robot Walker S2, will focus on applications such as crowd management, patrols, logistics, and facility inspections in border ports and manufacturing bases. Delivery is expected in December.
With this order, UBTECH's Walker series has secured RMB1.1 billion in contracts for 2025. The company has partnered with industry leaders like BYD, Dongfeng Liuzhou, Geely, FAW-Volkswagen, Audi FAW, BAIC New Energy, Foxconn, and SF Express.
UBTECH's interim report for the first half of 2025 showed revenue of RMB621 million, up 27.5% year-on-year, with losses narrowing 17.2% to RMB439 million. Gross profit rose 17.3% to RMB217 million, maintaining a 35% gross margin.
Founder and CEO Zhou Jian projected over 500 industrial humanoid robot deliveries in 2025, with annual capacity exceeding 1,000 units. Mass production of Walker S2 began in mid-November, with plans to scale annual capacity to 5,000 units by 2026 and 10,000 by 2027.
UBTECH shares initially dipped over 4% but recovered to HK$114.7 by midday, up 2.87%.