Core Insights - UBTECH Robotics, known as the "first humanoid robot stock," has signed a humanoid robot procurement contract with a well-known automotive technology company in A-shares, with a total amount exceeding 32 million yuan [1] - The latest Walker S2 humanoid robot has secured the largest single order globally, and combined with the recent 32 million yuan order, the Walker series has received nearly 500 million yuan in contracts to date [1][2] - The company aims to enhance the mass production capacity of the Walker series to meet the growing demand for humanoid robots [1] Group 1 - The procurement contract with the automotive technology company is set to be delivered by 2025 [1] - In September, UBTECH secured a 250 million yuan contract for the Walker S2 humanoid robot from a well-known domestic enterprise, with delivery starting within the year [1] - UBTECH's subsidiary, UQI, signed a procurement contract with Tianqi Automation Engineering Co., Ltd. for 30 million yuan worth of Walker S series industrial humanoid robots, to be delivered by December 31, 2025 [2] Group 2 - The Walker S2 humanoid robot features a self-replacing battery technology, allowing for 24/7 uninterrupted operation, and incorporates the BrainNet 2.0 network for AI collaboration [2] - In the first half of the year, UBTECH achieved revenue of 621 million yuan, a year-on-year increase of 27.5%, and a gross profit of 217 million yuan, up 17.3% [2] - Research and development expenses amounted to 218 million yuan, representing 35.1% of total revenue [2]

UBTECH ROBOTICS CORP LTD 深 圳 市 優 必 選 科 技 股 份 有 限 公 司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 周 劍 中 國 深 圳，2025年10月14日 於 本 公 告 日 期，董 事 會 包 括(i)執行董事周劍先生、劉 明 先 生、鄧 峰 先 生 及 熊友軍先生；(ii)非 執 行 董 事 夏 佐 全 先 生、周 志 峰 先 生 及 陸 寬 先 生；及(iii) 獨立非執行董事 何 佳 教 授、姚 新 先 生、董 秀 琴 女 士 及 熊 輝 先 生。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：9880） 2025年 第 五 次臨時股東 會的記錄日期 深 圳 市 優 必 選 科 技 股 份 有 限 公 司（「本公司」）擬 於2025年10月31日（星 期 五） 召開及舉行2025年 第 五 次臨時股東 會（「臨時股東 會 ...

Core Viewpoint - The report from Caitong Securities initiates coverage on UBTECH (09880) with a "Buy" rating, forecasting revenue growth from 2025 to 2027 at 48.69%, 41.67%, and 31.90% respectively, with corresponding PS ratios of 33, 23, and 17 times [1] Group 1: Commercialization Breakthrough - The Walker humanoid robot has entered practical training in well-known manufacturing enterprises, with a projected 126% year-on-year growth in customized robot revenue for the industry in 2024 [1] - UBTECH has developed its own servo drives and key components, reducing costs by over 50%, with servo drives accounting for approximately 10% of the total machine cost [1] - The company has accumulated a "billion-level high-quality industrial dataset" in multiple automotive factories, iterating the world's first humanoid robot multimodal reasoning model [1] Group 2: Commercialization Pathway - The company has established a leading product matrix with industrial humanoid robots Walker S1, Walker S2, and commercial humanoid robot Walker C, progressing towards a "hardware + brain + operation" ecosystem [2] - UBTECH plans to produce 1,000 humanoid robots by 2025, with total order value for industrial humanoid robots nearing 430 million yuan as of September 2025 [2] Group 3: Technological Development - The company is leading the development of industry standards and has completed technical verification for linear joints, achieving the fourth generation of pressure-sensitive dexterous hands for autonomous battery swapping [3] - The company's dual-circulation AI system for industrial humanoid robots consists of Group Brain Network 2.0 and Co-Agent, utilizing reinforcement learning for humanoid motion control [3]

Core Viewpoint - The report from Caitong Securities initiates coverage on UBTECH (09880) with a "Buy" rating, projecting revenue growth from 1.941 billion to 3.627 billion yuan from 2025 to 2027, with corresponding PS ratios of 33, 23, and 17 times [1] Group 1: Commercialization Breakthrough - The Walker humanoid robot has entered training in well-known manufacturing enterprises, with a projected 126% year-on-year growth in customized robot revenue for the industry in 2024 [1] - UBTECH has developed its own servo drives and key components, reducing costs by over 50%, with servo drives accounting for approximately 10% of the total machine cost [1] - The company has created the first pure RGB dual-camera vision solution in China, significantly lowering hardware costs and power consumption through compact design and algorithms [1] Group 2: Commercialization Pathway - The company has established a leading product matrix with industrial humanoid robots Walker S1, Walker S2, and commercial humanoid robot Walker C [2] - UBTECH has implemented the world's first multi-robot collaborative operation at the Zeekr factory and is deepening cooperation with Juran Smart Home to promote a "hardware + brain + operation" ecosystem [2] - The company has optimistic order prospects for humanoid robots, planning to produce 1,000 units by 2025, with total order value for industrial humanoid robots nearing 430 million yuan as of September 2025 [2] Group 3: Technological Standards and Ecosystem - The company is leading the development of industry standards and has completed technical verification for linear joints, achieving the fourth generation of pressure-sensitive dexterous hands for autonomous battery swapping [3] - The company's AI dual-circulation system for industrial humanoid robots consists of the Group Brain Network 2.0 and Co-Agent, utilizing reinforcement learning for humanoid motion control [3]

Core Viewpoint - Cloudwise Technology (01037) experienced a significant stock increase of over 23%, currently trading at 0.85 HKD with a transaction volume of 20.31 million HKD, following the announcement of a potential strategic cooperation with UBTECH (09880) [1] Company Summary - Cloudwise Technology's wholly-owned subsidiary, Cloudwise Shenzhen, has signed a memorandum of understanding with UBTECH for global sales, marketing, and after-sales service of humanoid robot products [1] - UBTECH will be responsible for the research, development, manufacturing, and technical support of the humanoid robots [1] - Cloudwise Technology is associated with Foxconn Technology Group, indicating a strong industry connection [1] Industry Summary - UBTECH's humanoid robots have already been integrated into Foxconn's factory training programs, suggesting a practical application of the technology [1] - The partnership is expected to lead to the first batch of humanoid robot orders from Foxconn to UBTECH shortly [1]

Core Viewpoint - Yunzhihui Technology (01037) experienced a significant stock price increase of over 23%, currently trading at 0.85 HKD with a transaction volume of 20.31 million HKD, following the announcement of a potential strategic cooperation memorandum with UBTECH (09880) [1] Group 1: Company Developments - Yunzhihui Technology's wholly-owned subsidiary, Yunzhihui Shenzhen, has signed a memorandum of understanding with UBTECH, which outlines that Yunzhihui Shenzhen will be responsible for the global sales, marketing, and after-sales service of humanoid robot products [1] - UBTECH will handle the research, development, manufacturing, and technical support for the humanoid robot products [1] - The humanoid robots from UBTECH have already been introduced into Foxconn's factory for training purposes, indicating a practical application of the technology [1] Group 2: Market Implications - The signing of the agreement is expected to lead to UBTECH receiving its first batch of humanoid robot orders from Foxconn shortly [1]

Core Viewpoint - Cloudwise Technology (01037) has seen a significant stock price increase of over 23%, currently trading at 0.85 HKD, with a transaction volume of 20.31 million HKD, following the announcement of a potential strategic cooperation with UBTECH (09880) [1] Company Summary - Cloudwise Technology's wholly-owned subsidiary, Cloudwise Shenzhen, has signed a memorandum of understanding with UBTECH, which outlines that Cloudwise Shenzhen will be responsible for the global sales, marketing, and after-sales service of humanoid robot products [1] - UBTECH will handle the research, development, manufacturing, and technical support for the humanoid robot products [1] - Cloudwise Technology is associated with Foxconn Technology Group, indicating a strong backing and potential for growth in the robotics sector [1] Industry Summary - The collaboration between Cloudwise and UBTECH is expected to lead to the first batch of humanoid robot orders from Foxconn, as UBTECH's humanoid robots have already been integrated into Foxconn's factory training [1]

Core Insights - On October 9, Shanghai Electric made its first appearance on the Hong Kong Stock Connect active trading list in a month, with a trading volume of 2.11 billion HKD and a net buying amount of 106 million HKD, resulting in a price increase of 17.40% on that day [2]. Trading Activity Summary - The total trading volume of active stocks on the Hong Kong Stock Connect on October 9 was 86.688 billion HKD, accounting for 40.59% of the total trading amount, with a net selling amount of 3.176 billion HKD [2]. - The top traded stock was SMIC, with a trading volume of 22.663 billion HKD, followed by Alibaba-W at 21.901 billion HKD and Hua Hong Semiconductor at 9.591 billion HKD [2]. - The most frequently listed stocks in the past month were Alibaba-W and Tencent Holdings, each appearing 16 times, indicating strong interest from Hong Kong Stock Connect investors [2]. Individual Stock Performance - Shanghai Electric's trading performance on October 9 included a trading volume of 2.112 billion HKD and a net buying amount of 106 million HKD, with a significant price increase of 17.40% [2]. - Other notable stocks included Tencent Holdings with a trading volume of 5.707 billion HKD and a slight decrease of 0.07%, and SMIC with a trading volume of 22.663 billion HKD and a decrease of 6.70% [2].

Core Viewpoint - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.29% and the Hang Seng Tech Index dropping by 0.66% [1] Group 1: Semiconductor Sector - The semiconductor sector saw a collective downturn, with notable declines including Huahong Semiconductor and SMIC both dropping over 6%, InnoCare falling over 5%, and Shanghai Fudan decreasing over 4% [1] Group 2: Other Notable Stocks - Smoore International experienced a significant drop of over 12%, while Gilead Sciences and UBTECH Robotics both fell by over 9% [1] - Conversely, ZTE Corporation rose by over 12%, China Gold International increased by over 9%, and Luoyang Molybdenum gained over 7% [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 深圳市優必選科技股份有限公司（於中華人民共和國註冊成立之股份有限公司） 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 70,665,977 RMB | | | 1 RMB | | 70,665,977 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 70,665,977 RMB | | | 1 RMB | | 70,665,977 | | 2. ...