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]

Core Viewpoint - The stock price of UBTECH Robotics, known as the "first humanoid robot stock," experienced a significant drop of 5.71% on July 22, closing at HKD 85.1, following a previous day's increase of 5.25% [1][2]. Group 1: Recent Developments - UBTECH Robotics won a major procurement project worth 90.51 million yuan from Miyi (Shanghai) Automotive Technology Co., marking the largest procurement order for humanoid robots globally [2]. - The company announced a share placement to raise funds, offering approximately 30.16 million new H-shares at HKD 82.00 per share, representing a discount of 9.14% from the previous closing price of HKD 90.25 [2][3]. - The total funds raised from this placement are expected to be around HKD 2.473 billion, with a net amount of approximately HKD 2.410 billion allocated for business operations, general corporate purposes, and debt repayment [2]. Group 2: Financing Activities - Since its listing, UBTECH has conducted four share placements, raising a total of HKD 1.22 billion, HKD 4.08 billion, HKD 5.52 billion, and HKD 8.76 billion in previous rounds [3]. - The company has utilized HKD 4.95 billion from the latest round of financing, with HKD 3.82 billion remaining unspent [3]. - The overall market for share placements in Hong Kong has seen a significant increase, with 204 placements completed this year, totaling HKD 159.233 billion, a year-on-year increase of 395.73% [2]. Group 3: Industry Context - The humanoid robotics sector is experiencing a surge in investment, with 23.2 billion yuan raised in the first five months of this year, surpassing the total for the entire previous year [4]. - Several prominent robotics companies have submitted IPO applications, indicating a growing interest and influx of capital into the sector [4]. - UBTECH's product offerings include consumer and educational robots for home use, as well as humanoid robots for commercial and industrial applications, highlighting its diverse market presence [4][5]. Group 4: Financial Performance - In 2024, UBTECH's revenue is projected to grow by 23.7% to 1.305 billion yuan, with gross profit increasing from 333 million yuan in 2023 to 374 million yuan [4]. - Despite the revenue growth, the company reported a loss of 1.16 billion yuan, although this is an improvement from the 1.265 billion yuan loss in 2023 [4].

Group 1 - The core point of the news is that UBTECH Robotics plans to raise approximately HKD 24.73 billion by issuing around 30.16 million new H-shares at a price of HKD 82 per share, which represents a discount of 9.14% compared to the closing price on July 21 [1] - This is the fifth equity financing since UBTECH's listing in 2023, with the current amount significantly exceeding previous rounds, which raised HKD 1.31 billion, HKD 4.36 billion, HKD 5.87 billion, and HKD 9.14 billion in earlier rounds [1] - The total financing raised by UBTECH in the past year amounts to HKD 45.4 billion, representing approximately 13.85% of the total shares issued [1] Group 2 - UBTECH recently won a procurement project for robotic equipment from Miyi Automotive, valued at approximately HKD 90.51 million, marking the largest single procurement order in the humanoid robot industry [2] - The company, established in 2012, is recognized as the "first stock of humanoid robots" and utilizes a cloud-based collaborative software architecture to tackle complex industrial scenarios [2] - The Walker S series industrial humanoid robots, equipped with this technology, are already in production lines of major automotive manufacturers like NIO, BYD, and Audi, with over 500 units of intent orders received [2] Group 3 - Despite achieving commercialization, UBTECH has not yet turned a profit, with reported revenues from 2020 to 2024 being HKD 740 million, HKD 817 million, HKD 1.002 billion, HKD 1.047 billion, and HKD 1.295 billion respectively [3] - During the same period, the net losses attributable to the parent company were HKD 707 million, HKD 920 million, HKD 975 million, HKD 1.234 billion, and HKD 1.124 billion [3]

优必选7月22日早盘前公告称，已在当天订立协议，拟透过代理配售的方式，发行新股在港股共计募资 约24.1亿港元。配股消息披露后，其股价当日一度大跌超过6%，截至收盘跌逾5.7%。 不到一年五次配售 根据优必选披露，该公司此次将以82港元/股的价格，在H股配售3015万股新股，筹资总额约24.1亿港 元。 公开资料显示，优必选主要从事智能服务机器人及智能服务机器人解决方案的设计、生产、商业化、销 售及营销以及研发，范围涵盖消费级机器人及电器，针对教育、物流及其他行业的定制企业级智能服务 机器人及智能服务机器人提供解决方案。 优必选称，中国智能服务机器人及智能服务机器人解决方案产业竞争激烈且分散，目前仍处于早期阶 段，仅有少数参与者能够提供全栈式核心技术（包括计算机视觉、语音交互、伺服驱动器、运动规划和 控制以及定位导航），许多产业参与者都在通过开发相同或类似的技术以期进入市场。 不到一年时间，就已进行五次配售。最新配售方案披露后，优必选（09880.HK）闻声大跌。 从上市至今，优必选经历了六次融资，募资额共约54亿港元。业内人士认为，这反映了该公司存在较大 的资金压力，而多次融资打击了投资者信心。目前，港股已 ...

Group 1 - Company UBTECH Robotics announced a placement agreement to issue 30,155,450 new H-shares at a price of HKD 82 per share, representing a discount of approximately 9.14% from the closing price of HKD 90.25 on July 21, 2025 [2][3] - The estimated total proceeds from the placement are approximately HKD 2.47 billion, with net proceeds expected to be around HKD 2.41 billion. The funds will be used for business operations, general corporate purposes, domestic and foreign investments, project construction, and repayment of financial institution loans [2][3] Group 2 - UBTECH recently secured the largest single procurement order in the humanoid robot industry, amounting to CNY 90.51 million from Miyi (Shanghai) Automotive Technology Co., Ltd, marking the largest procurement order globally for humanoid robots [5] - The company has reported a significant increase in orders for its humanoid robots, with over 100 orders for the "Tiangong Walker" humanoid robot received since its launch on March 12, 2025, and an expected delivery of over 300 units in the education and research sector this year [5] - The humanoid robot industry is in its early stages, with expectations for rapid application growth in the next 3 to 5 years, although large-scale deployment may take additional time [5] Group 3 - In the 2024 financial report, UBTECH achieved total revenue of CNY 1.305 billion, representing a year-on-year growth of 23.65%, but reported a net loss of CNY 1.124 billion [6] - Industry experts note that while leading humanoid robot companies are securing orders, the high costs of research, production, and operations require ongoing financial investment [6]

Core Viewpoint - The company UBTECH (09880.HK) has won a significant procurement project worth over 90 million yuan from Miyi (Shanghai) Automotive Technology Co., leading to a surge in its stock price. However, the announcement of a discounted share placement has dampened investor sentiment and caused a decline in stock value [2][3][4]. Group 1: Financial Actions and Implications - UBTECH plans to raise 2.473 billion HKD through a share placement at a price of 82.00 HKD per share, which is a 9.14% discount from the previous closing price of 90.25 HKD [3]. - The share placement will increase the total number of shares by 6.83%, reducing the public holding percentage from 59.29% to 55.51% [3]. - This is not the first instance of UBTECH engaging in share placements; the company has conducted four placements in the past 12 months, raising a total of approximately 19.56 million HKD for similar operational and debt repayment purposes [4]. Group 2: Operational Financial Health - In the fiscal year 2024, UBTECH reported cash receipts from sales and services totaling 854 million RMB, while cash payments for goods and services reached 804 million RMB, leading to a net cash outflow of 1.908 billion RMB for operational activities [5]. - Despite securing large orders, UBTECH's high operational costs indicate a need for time to achieve cash flow balance, which is a likely reason for its continuous financing through share placements [5]. Group 3: Industry Context and Trends - Other companies in the robotics sector, such as Yujiang (02432.HK) and Horizon Robotics (09660.HK), are also engaging in fundraising activities to support R&D and operational expansion [6]. - Several robotics firms have submitted IPO applications to broaden their financing channels, indicating a trend of increasing capital influx into the industry [6]. - Recent financing rounds for companies like Zhiqi Robot and Zhujidian Power highlight the growing interest from both industrial and financial investors in the robotics sector [7]. Group 4: Industry Challenges and Future Outlook - The robotics industry is showing signs of commercial viability, but high R&D and operational costs keep many companies in a state of financial dependency on external funding [8]. - For sustainable growth, companies must focus on technological advancements to reduce costs and enhance profitability, rather than relying solely on external financing [8]. - Investors should be cautious of the potential risks associated with frequent share placements, which can dilute ownership and suppress short-term stock prices [9].

Core Viewpoint - The company has entered into a placement agreement to issue new H shares at a price of HKD 82, raising capital through the placement of 30,155,450 shares, which represents approximately 6.83% of the company's existing share capital as of the announcement date [1] Group 1 - The placement shares will be allocated to no fewer than six independent third-party subscribers, ensuring that they are not connected to the company or its related parties [1] - The issued shares will be based on the general authorization for issuance and distribution [1] - After the placement, the total issued share capital will increase to approximately 6.39% assuming no other changes in the issued share capital from the announcement date until the completion of the placement [1]

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21日电，优必选以每股82至83港元配售股份。 ...

Core Insights - The commercialization narrative of humanoid robots is being driven by record-high order amounts, with a recent procurement project by UBTECH Robotics reaching 90.51 million yuan, setting a new global record for single orders in the humanoid robot sector [2][8] - The entry of state-owned enterprises as buyers is shaping the landscape of humanoid robot procurement, indicating a strategic investment approach rather than a focus on short-term financial returns [3][4] Group 1: Market Dynamics - The buyer for the record-setting order, Miyi (Shanghai) Automotive Technology Co., is a state-owned enterprise involved in automotive export trade, highlighting the trend of state-owned entities participating in the humanoid robot market [3][4] - The involvement of state-owned enterprises is seen as a way to leverage large-scale application scenarios for testing and iterating humanoid robots, which can catalyze the maturity and cost reduction of the domestic robot supply chain [4][8] Group 2: Industry Developments - UBTECH has previously engaged with multiple automotive companies, including a contract with Dongfeng Liuzhou Motor for 20 humanoid robots for key positions in automotive assembly [5][7] - The Shenzhen robotics industry is experiencing a surge, with the total output value of its robotics industry projected to exceed 200 billion yuan by 2024, indicating a robust market environment [6][8] Group 3: Challenges and Opportunities - Despite the excitement surrounding large orders, the actual economic benefits of these orders may still be limited, as the industry is in a nascent stage where the usability and return on investment of these robots remain uncertain [6][7] - UBTECH's recent advancements include the Walker S2 robot, which features a pioneering "hot-swappable autonomous battery replacement system," aimed at addressing continuous operation needs in industrial settings [6][7] - The company faces challenges in balancing high-cost strategic orders with competitive pricing, as its humanoid robots have historically been priced significantly higher than competitors, which could impact its market position [7][8]