Stock Track | ESTUN Soars 8.33% in Pre-Market on Humanoid Robot Industry Catalysts and Strong Earnings

Stock Track
Jun 02

ESTUN's stock price surged 8.33% in pre-market trading, following positive momentum in the humanoid robot sector and the company's robust financial performance.

The humanoid robot industry continues to receive significant catalysts, with Tesla announcing the conversion of its Model S and X production lines into dedicated humanoid robot lines. The third-generation humanoid robot is expected to begin mass production in the coming months, solidifying industry-wide expectations for volume production.

On the company level, ESTUN reported a remarkable year-over-year surge of 674.64% in Q1 net profit attributable to shareholders. The company's industrial robot shipments have surpassed foreign brands to rank first domestically, with branded robot revenue growing nearly 50% year-over-year. Additionally, ESTUN has launched its iER series embodied intelligent robots, which have already been deployed in key sectors including automotive, electronics, and lithium battery manufacturing.

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