Friday, September 4, 2026

Unitree Robotics stock plunges 50% from IPO peak

Unitree Robotics shares tumbled as much as 4.3% to 546.51 yuan on September 2, 2026, leaving the stock more than 50% below the 1,100 yuan intraday high it hit on its August 19 Shanghai STAR Market debut, when shares initially surged 460% after a 6.1 billion yuan ($904 million) IPO. The reversal follows first-quarter 2026 adjusted net profit that fell 53% year over year and renewed scrutiny of how much of Unitree's humanoid-robot revenue still comes from research and education customers rather than industrial deployment, fueling debate over a Chinese robotics valuation bubble.

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