Unitree Robotics listed on the STAR Market today, opening at 1,100 yuan per share, a surge of 629 percent from its issue price of 150.80 yuan. At one point intraday, the gain exceeded 700 percent, before narrowing to 486.12 percent by midday, with a total market value of 357.5 billion yuan. Affected by capital rotation, the humanoid robot concept sector was volatile. The GF Robotics ETF fell more than 7 percent, the humanoid robot index dropped more than 6 percent, and over 100 concept stocks declined, with Qin'an M&E, Zhongda Leader, and Greatoo Intelligent hitting their daily limit down. Overnight, the Nasdaq fell 355 points, or 1.33 percent, also weighing on sentiment in China's tech sector. Industry data show that humanoid robot production exceeded 40,000 units in the first half of 2026, and is expected to surpass 100,000 units for the full year, but a scalable commercial closed loop has not yet formed, with most deliveries still based on customized projects. Huatai Securities believes the robotics industry is shifting from theme-based pricing to pricing based on mass production and demand validation, and Unitree's listing price could become a new valuation anchor for the sector.
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