中国人形机器人制造商Unitree上市，首日股价暴涨

中国人形机器人制造商Unitree于周三在上海股交所STAR市场正式上市，成为中国大陆首家公开交易的人形机器人制造商1。该公司此次IPO融资约61亿元，发行价为每股150.80元1。上市首日表现火爆，股价一度上涨629%，最终收盘上涨460%至845元1。

2025年公司营收约17亿元，其中超过40%来自海外市场，美国市场贡献了约13%的收入1。根据业界数据，2025年全球人形机器人出货量约15000台，Unitree和竞争对手AGIBOT各占5000多台1。预计2026年上半年，中国人形机器人制造商全球出货量将达到约18500台1。

公司国际扩张面临政策挑战。美国联邦通信委员会于7月禁止进口新的外国制造人形和四足机器人1。Unitree由王星星创立，成立于2016年，总部位于杭州1。

Unitree, a leading Chinese manufacturer of humanoid and quadruped robots, made its public market debut Wednesday on Shanghai's STAR exchange, with shares skyrocketing on their first day of trading.1 The stock climbed as much as 629% in early trading before closing up 460% at 845 yuan ($125.31), following an initial public offering price of 150.80 yuan per share ($22.36).1

The company raised approximately 6.1 billion yuan ($904 million) through the IPO, marking a significant milestone as China's first mainland-listed humanoid robot manufacturer.1 Unitree, founded in 2016 by Wang Xingxing and headquartered in Hangzhou, generated roughly 1.7 billion yuan ($250 million) in revenue during 2025, with more than 40% of sales coming from overseas markets, including approximately 13% from the United States.1

The market for humanoid robots is intensifying globally, with an estimated 15,000 units shipped worldwide in 2025, with Unitree and competitor AGIBOT each accounting for over 5,000 shipments.1 Chinese manufacturers are projected to collectively ship approximately 18,500 humanoid robot units globally in the first half of 2026.1 However, the sector faces regulatory headwinds: the U.S. Federal Communications Commission imposed a ban in July on imports of newly manufactured foreign humanoid and quadruped robots, a constraint that could affect Unitree's American market access.1