JPMorgan has issued a research report stating that UBTECH ROBOTICS (09880) shares have surged 71% since July, significantly outperforming the Hang Seng Index's 11% gain over the same period. The company has benefited from three consecutive major orders, rapidly enhancing its image as a commercial leader in the industry.

The investment bank noted that against the backdrop of strong execution and positive industry expansion, it is raising UBTECH ROBOTICS' target price from HK$159 to HK$178, reflecting a more optimistic outlook on the company's growth trajectory and contract momentum. The rating remains "Overweight."

The firm highlighted that the company's recent contracts include a record-breaking RMB 2.5 billion Walker S2 transaction and a RMB 30 million Miracle logistics automation order. These deals have brought the total contract value for this year to RMB 430 million, exceeding both shipping targets and the bank's full-year segment estimates.

This year's Industrial Expo further reinforced UBTECH ROBOTICS' momentum, with suppliers such as Leader Drive emphasizing the company's operational readiness and industry leadership position. Industry feedback indicates strong government support and accelerated adoption in factory and logistics scenarios.