Core Viewpoint - Morgan Stanley initiated coverage on UBTECH Robotics, the first humanoid robot stock, with an "Overweight" rating and a target price of HKD 135, highlighting its strong customer base and leading position in the rapidly growing humanoid robot industry [1] Group 1: Company Overview - UBTECH has established a solid customer foundation, including major companies like BYD, Foxconn, Geely, Dongfeng Liuzhou, and BAIC New Energy, which has led to a significant number of confirmed orders [1] - The company has received attention from multiple domestic and international brokerages, including Citigroup, Daiwa, and others, since its listing [2] Group 2: Financial Projections - The humanoid robot business is projected to achieve a compound annual growth rate (CAGR) of 260% from 2025 to 2027, with expectations that it will account for 60% of the company's revenue by 2027, leading to an estimated annual revenue of approximately HKD 5 billion and breakeven [2] Group 3: Capital Raising and Market Response - UBTECH completed a placement of 30.155 million shares, raising a total of HKD 2.41 billion (approximately USD 315 million), which is the largest placement in the humanoid robot sector to date [3] - The funds raised will primarily be used to pay suppliers and service providers, providing strong financial support for the upcoming scale delivery and rapid capacity expansion [3] Group 4: Market Developments - The humanoid robot application is accelerating, with UBTECH winning significant orders, including a procurement project worth approximately HKD 90.51 million, marking the largest order in the global humanoid robot sector [4] - UBTECH plans to deliver 500 industrial humanoid robots this year and has already received over 100 orders for its educational robot, expecting to deliver more than 300 units [4] Group 5: Technological Advancements - UBTECH has launched the Walker S2, a full-size industrial humanoid robot, featuring the BrainNet 2.0 technology and the Co-Agent system, enabling autonomous operation and collaborative capabilities [5] - The Walker S2 is designed for 24/7 operation with a unique hot-swappable battery system, positioning it as a key innovation for the commercialization of humanoid robots [5] - The humanoid robot industry is entering a growth phase, with commercial application levels being crucial for competitive advantage [5]

Core Viewpoint - UBTECH Robotics has successfully completed a placement of 30.155 million shares, raising a total of HKD 2.41 billion (approximately USD 315 million), marking the largest stock placement financing in the history of humanoid robot listed companies [1] Group 1: Fundraising Details - The funds raised will be used to pay suppliers and service providers, with over HKD 1 billion allocated for this purpose [1] - This placement's total amount exceeds the combined total of the previous four placements [1] Group 2: Market Reception - The placement attracted significant interest from national sovereign funds, major industrial capital, long-term funds, and multi-strategy funds [1] - Morgan Stanley upgraded UBTECH's H-share rating to "Overweight," setting a target price of HKD 135 [1] Group 3: Future Implications - The funds raised are expected to provide strong financial support for the rapid expansion of humanoid robot deliveries and production capacity [1]

相关事件 大行评级丨小摩：优必选具龙头领先地位，首予增持 优必选(09880.HK)完成配售3015.5万股新H股 摩根大通发表报告，优必选(9880.HK)在行业具领先地位，加上受惠政策扶持，故首予"增持"评级。 报 告指出，优必选拥有大量知名客户，包括比亚迪、吉利系的极氪、北京汽车等，加上总部位于深圳，集 团与比亚迪关系亦密切，加上身处机器人先进行业，未来有望获地方及中央政府政策支持。 该行又 指，人形机器人为颠覆性行业，行业未来10年潜在发展规模庞大，优必选在行业具领先地位，前景值得 看好。 因此，摩通首予优必选"增持"评级，目标价135港元，折合预期2027年11倍市销率。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 深圳市優必選科技股份有限公司 呈交日期： 2025年7月29日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09880 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | | 佔有關事件前的現有已發 | | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份 ...

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。 本 公 告 僅 供 參 考，並 不 構 成 收 購、購 買 或 認 購 證 券 的 邀 請 或 要 約，亦 非 邀 請 訂 立 協 議 進 行 收 購、購 買 或 認 購，且 不 可 視 為 邀 請 提 出 收 購、購 買 或 認 購 任 何 證 券 的 要 約。 本 公 告 不 會 直 接 或 間 接 於 或 向 美 國 派 發。本 公 告 不 構 成 亦 不 屬 於 在 美 國 境內或有關要約屬違法的任何其他司法管轄區出售證券的任何要約或 招 攬 購 買 或 認 購 證 券 的 一 部 分。本 公 告 所 述 證 券 並 無 亦 不 會 根 據 經 不 時 修訂的1933年 美 國 證 券 法 或 美 國 任 何 州 的 證 券 法 登 記，且 不 得 於 美 國 境 內 提 呈 發 售 或 出 售，除 非 已 登 記 或 符 合 ...

智通财经7月28日电，摩根大通将优必选H股评级上调至"增持" ，目标价为135港元。 ...

Core Viewpoint - Jianyin International has raised the target price for UBTECH (09880.HK) to HKD 115, maintaining an "outperform" rating due to the recent upgrades in its flagship product WalkerS2, which includes an AI model Co-Agent and enhanced capabilities [1] Group 1: Product Details - The WalkerS2 is equipped with an AI model Co-Agent, can walk at a speed of 2 meters per second, and has a load capacity of 15 kilograms, meeting demands across various industrial sectors [1] - The company is accelerating production, expecting to reach a monthly capacity of approximately 200 units starting in August [1] Group 2: Financial Projections - Delivery volume is projected to exceed 1,000 units in 2025 and 3,000 units in 2026, which is one year ahead of previous estimates [1] - With an average selling price of RMB 600,000 to 700,000, the WalkerS2 is expected to generate revenue between RMB 500 million and 1.5 billion from 2025 to 2026 [1] Group 3: Capital Raising - The company recently completed its fifth share placement since listing, issuing 30 million new shares at a discount of 9.1% at HKD 82 per share, raising a net amount of HKD 2.4 billion, exceeding expectations [1] - The increase in share count and the upward revision of revenue forecasts have led to the adjustment of the target price from HKD 100 to HKD 115 [1]

Group 1 - The US stock market saw all three major indices rise, with the Dow Jones up 1.14%, Nasdaq up 0.61%, and S&P 500 up 0.78% [4] - Notable gains were observed in the automotive sector, with Toyota and Honda rising over 13% and 8% respectively [4] - Chinese concept stocks mostly increased, with the Nasdaq Golden Dragon China Index up 0.75% [4] Group 2 - International precious metal futures generally declined, with COMEX gold futures down 1.34% at $3397.50 per ounce [5] - International oil prices showed slight fluctuations, with WTI crude oil up 0.17% at $65.42 per barrel [6] Group 3 - The State Grid Corporation of China signed a capital increase agreement for its subsidiary, raising 36.5 billion yuan, marking a record in state-owned asset transactions [16] - Huawei launched the Pura80 digital version, with prices starting at 4699 yuan, aiming to expand its share in the high-end smartphone market [17][18] - Huawei's DriveONE high-voltage powertrain will debut in the AITO M8 electric version, showcasing significant technological advancements [19][20] Group 4 - Bubble Mart is suing 7-Eleven in the US for selling counterfeit LABUBU toys, emphasizing its commitment to intellectual property protection [24] - UBTECH announced the launch of the Walker S2 industrial humanoid robot, featuring advanced technology for smart manufacturing [25][26] Group 5 - Tesla reported a second-quarter net profit of $1.172 billion, a 16% year-on-year decrease, with revenue down 12% to $22.5 billion [31] - Alphabet's second-quarter net profit reached $28.196 billion, a 19% increase year-on-year, with revenue surpassing market expectations [32] - IBM's second-quarter net profit grew by 20% to $2.2 billion, with revenue up 7.7% to $16.98 billion [33]

金十数据7月23日讯，优必选全新推出面向智能制造场景的全尺寸工业人形机器人Walker S2，通过迭代 的群脑网络2.0（BrainNet 2.0），搭载自研的专用于工业人形机器人本体的智能体技术Co-Agent，构建 工业级人形机器人AI双循环，实现人形机器人单机自主和群体协同的螺旋式进化。身高1.76米的Walker S2凭借突破性的硬件本体设计，完美复现拟人步态行走与精细操作能力，以全球首创的自主换电技术 可实现7×24小时不间断作业。 优必选推出面向智能制造场景的全尺寸工业人形机器Walker S2 ...

Group 1 - UBTECH announced its fifth equity financing since its IPO, aiming to raise approximately HKD 24.73 billion by issuing about 30.16 million new H-shares at HKD 82.00 per share, which is a discount of about 9.14% from the closing price on July 21, 2025 [1] - The total amount raised by UBTECH, including the IPO, has reached HKD 55.82 billion, corresponding to approximately 13.85% of the company's total share capital post-financing [1] Group 2 - GoerTek submitted a prospectus to the Hong Kong Stock Exchange for its subsidiary, GoerTek Microelectronics, aiming for a listing on the main board, marking its second attempt after a previous application lapsed on January 20, 2025 [2] - GoerTek Microelectronics holds a 4.3% market share in the global sensor market, ranking fourth, and a 43.0% share in the acoustic sensor market, ranking first [2] Group 3 - Xiechuang Data announced plans for an IPO in Hong Kong to enhance its international strategy and overseas financing capabilities, focusing on IoT smart terminals and data storage devices [3] - The company, which was listed on the Shenzhen Stock Exchange in July 2020, currently has a market capitalization of approximately RMB 27.51 billion [3] Group 4 - Dongyang Sunshine Pharmaceutical's absorption merger plan was approved with over 99% support at a shareholder meeting, marking a significant step in its listing process, with plans to officially list on August 7 [4] - This merger represents the first case of an H-share absorption merger and privatization listing on the Hong Kong Stock Exchange, avoiding new share issuance while achieving asset integration [4] Group 5 - The Hang Seng Index closed at 25,130.03, with a gain of 0.54% on July 22 [5] - The Hang Seng Tech Index and the National Enterprises Index also saw increases of 0.38% and 0.39%, closing at 5,606.83 and 9,075.60 respectively [5]