AsianFin -- UBTECH, widely regarded as the first publicly listed humanoid robotics company, posted steady revenue growth and narrowing losses amid continued investments in embodied intelligence and industrial humanoid applications.
According to its 2025 interim results, UBTECH achieved revenue of CNY621 million (US$87.1 million) in the first half of 2025, representing a 27.5% year-on-year increase. The company posted a net loss of CNY439 million (US$61.5 million), a 17.2% improvement from the same period last year. Gross profit reached CNY217 million (US$30.4 million), up 17.3% year-on-year, while the adjusted non-GAAP net loss stood at CNY368 million (US$51.6 million), showing a reduction in losses as the business scales.
In a major boost to its balance sheet, UBTECH announced on August 31 that it had secured a $1 billion strategic financing credit line (approximately CNY7.13 billion) through a partnership with international investment firm Infini Capital. The financing will be deployed via placements, convertible bonds, and cash withdrawal rights, providing substantial capital for UBTECH to accelerate its product R&D and market expansion.
Speaking at the earnings call on the evening of August 31, UBTECH founder, chairman, and CEO Zhou Jian highlighted that the company achieved steady growth in the first half of 2025, with significant breakthroughs in embodied intelligence and humanoid robotics. He emphasized UBTECH』s focus on multimodal perception, large model technologies, machine vision integration with AI, and AI-driven motion control.
Zhou Jian also revealed the company plans to deliver more than 500 industrial humanoid robots this year, with an annual production capacity exceeding 1,000 units. UBTECH』s revenue is divided into four key segments: educational intelligent robots, logistics intelligent robots, customized industrial robots, and consumer-grade robots and hardware.
Consumer robots and hardware now account for nearly 42% of the company』s core business, with revenue growing 48.9% year-on-year to CNY260.1 million (US$36.5 million). Both the educational and consumer segments achieved approximately 50% growth year-on-year, underscoring the company』s diversified business strategy.
Zhou noted that 2025 marks a pivotal year for the humanoid robot industry, as it sits at the intersection of technological breakthroughs and real-world deployment. He cited key challenges including generalized environment adaptation, self-adaptive capabilities, precise motion control, and cost-efficiency management, while noting the surge in scenario-based demand in industrial sectors such as material handling, sorting, assembly, and quality inspection.
UBTECH has established partnerships with major players including BYD, Dongfeng Liuzhou Motor, Geely Auto, FAW-Volkswagen Qingdao Branch, Audi FAW, BAIC New Energy, SF Express, and Foxconn. Its Walker S seriesindustrial humanoid robots have been deployed in more factories for practical training than any other humanoid robots globally.
In July 2025, UBTECH secured a CNY90.51 million (US$12.7 million) robot equipment procurement project from MiYi (Shanghai) Automotive Technology, marking the largest single procurement order by value for a humanoid robotics company worldwide.
Jiao Jichao, UBTECH』s Vice President and Director of the Research Institute, reported that industrial material handling and palletizing tasks have achieved a 93% success rate and 40%-50% efficiency improvements per cycle. Following deployment in automotive companies in the second half of the year, Walker robots are expected to complete roughly 80% of daily box-handling tasks performed by human workers.
UBTECH』s R&D expenses for H1 2025 reached CNY218 million (US$30.6 million), a 4% decline from the prior year, with the R&D-to-revenue ratio falling to 35.1%, reflecting higher operational efficiency despite continued investment in advanced technologies.
Looking forward, UBTECH plans to focus on five technological areas: embodied intelligent humanoid robots, multimodal perception and large models, embodied intelligent decision-making, end-to-end motion control, and L4 autonomous driving for unmanned vehicles. The company will continue iterative development of the Walker S series, emphasizing full-stack humanoid robot technologies, integrated joints, dexterous five-fingered hands, BrainNet architecture, Co-Agent collaborative agents, motion control, spatial intelligence, and ROSA systems.
Zhou Jian also revealed integration with NVIDIA Thor technology, supporting advanced computational capabilities in the Walker series. He expressed confidence in expanding humanoid applications in automotive manufacturing and exploring additional sectors such as semiconductors, aerospace, apparel, and footwear.
The interim report also showed that UBTECH』s operating cash flow narrowed from -CNY427 million (US$59.9 million) to -CNY370 million (US$51.8 million) year-on-year, reflecting improved capital management.
UBTECH shares closed at HK$100.3 per share on Monday, up 4.81%, with year-to-date gains exceeding 86% and a market capitalization surpassing HK$47 billion (US$5.9 billion).
The company』s strong performance, strategic $1 billion financing, and ongoing technological innovation position UBTECH at the forefront of industrial humanoid robotics, with significant growth potential in global manufacturing and logistics sectors.
