UBTECH ROBOTICS (09880) surged over 3% in morning trading. As of press time, the stock gained 3.15% to HK$91.55, with a trading volume of HK$497 million.

On the news front, UBTECH ROBOTICS has been officially approved to lead two new national standards: "Humanoid Robot Technical Requirements Part 6: Positioning and Navigation," which the company leads independently, and "Humanoid Robot Technical Requirements Part 7: Human-Machine Interaction," which it co-leads with Beijing Research Institute of Mechanical & Electrical Technology Co., Ltd. In April this year, UBTECH ROBOTICS also spearheaded the first batch of national technical requirements standards for humanoid robots, responsible for developing operational technical requirements.

Notably, on July 28, UBTECH ROBOTICS announced the completion of its placement, having placed a total of 30.155 million shares and raised HK$24.1 billion in total funding, with over HK$1 billion designated for payments to suppliers and service providers. The total amount raised in this placement exceeded the combined sum of the previous four placements, making it the largest humanoid robot listed company stock placement financing in capital market history. The placement received enthusiastic support from national sovereign funds, major industry capital, long-term funds, and multi-strategy funds.

Additionally, UBTECH ROBOTICS previously announced winning a bid for a robot equipment procurement project from Yi Yi (Shanghai) Automotive Technology Co., Ltd., worth over RMB 90.51 million. This contract represents the largest procurement order by value for humanoid robots globally to date.