Business · Companies · 5 hrs ago
Unitree revenue jumps 70% as higher AI spending cuts quarterly profit
Hangzhou-based Unitree Robotics reported higher quarterly revenue in its first earnings since going public.
Revenue for the three months to September 30 rose 69.93% year on year to 665 million yuan.
Profit excluding one-off items fell 17.42% to 105 million yuan, even as revenue grew.
The company’s research and development spending rose 249.58% to 127.04 million yuan, about 19% of revenue, as it invested in the software that powers its robots.
The results show Unitree is spending heavily to develop its technology, while its quarterly profit measure is under pressure.
Chinese robotics stocks have also been rising on expectations that robots will reach mass deployment sooner; upcoming earnings from Yushu Technology are expected to draw attention.
Unitree Robotics reported a 69.93% year-on-year rise in quarterly revenue to 665 million yuan.
Net profit excluding non-recurring items fell 17.42% to 105 million yuan.
Research and development spending rose 249.58% to 127.04 million yuan, about 19% of revenue.
The results covered the three months ending September 30 and were the company’s first since it went public.
For the first three quarters of the year, net profit attributable to shareholders rose 270.54% to 387 million yuan.
- Who
- Unitree Robotics, a Chinese robotics company.
- What
- Quarterly revenue rose 69.93% year on year, while net profit excluding non-recurring items fell 17.42%.
- When
- The results were reported on Wednesday, October 28, 2026, for the three months ending September 30.
- Where
- Unitree is based in Hangzhou, China. Its filing was with the Shanghai Stock Exchange.
- Why
- Research and development spending increased as the company invested in the software for its robots.
This story does not have two clearly opposing sides.
Unitree recorded revenue of 665 million yuan and net profit excluding non-recurring items of 105 million yuan.
Unitree reported its quarterly results, its first earnings since going public.
- Quarterly revenue
- 665 million yuan, up 69.93% year on year
- Quarterly adjusted net profit
- 105 million yuan, down 17.42%
- Research and development spending
- 127.04 million yuan, up 249.58%
- First three quarters’ net profit attributable to shareholders
- 387 million yuan, up 270.54%
- Headquarters
- Hangzhou, China