Beijing, August 19 (QNA) – China’s leading robot maker Unitree Robotics surged 629.44% to open at 1,100 yuan (about $161.99) per share in its Shanghai STAR Market debut Wednesday.

Xinhua news agency said that the Hangzhou-based company is offering about 40.45 million shares at 150.8 yuan each, corresponding to a price-to-earnings ratio of 219.23 times, according to its prospectus.

The humanoid robot shipments surpassed 5,500 units in 2025, ranking first globally with a 32.4% share of the world market, according to a 2025 humanoid robot market research report.

Unitree said the funds raised will go toward intelligent robot model development, robot hardware R&D, new product development and manufacturing base construction, as the business moves from robot manufacturing toward building a broader ecosystem for high-performance general-purpose robots.

Unitree’s listing comes as China’s robotics sector gains global prominence. Chinese companies accounted for nearly 70% of global quadruped robot sales in the first half of 2026, according to the Chinese Ministry of Industry and Information Technology. (QNA)