Core Insights - The company, UBTECH Robotics, reported a revenue of 621 million yuan for the first half of 2025, representing a year-on-year growth of 27.5% [1] - Gross profit reached 217 million yuan, with a year-on-year increase of 17.3%, resulting in an overall gross margin of 35% [1] - The net loss narrowed to 439 million yuan, a reduction of 17.2% compared to the previous year [1] Revenue Breakdown - Revenue from educational intelligent robots and solutions amounted to 240 million yuan, showing a year-on-year growth of 48.8% [1] - Revenue from consumer-grade robots and other hardware devices was 260 million yuan, reflecting a year-on-year increase of 49.8% [1] - Revenue from logistics intelligent robots and solutions decreased to 56 million yuan, down 5.7% year-on-year [1] - Revenue from other customized intelligent robots and solutions fell to 64 million yuan, a decline of 29.8% year-on-year, primarily due to a focus on developing new application scenarios [1] Future Outlook - The company has recently secured a major project for humanoid robots, valued at nearly 100 million yuan, and expects to deliver 500 industrial humanoid robots within the year [1]

Group 1 - The core viewpoint of the article is that UBTECH has shown significant growth in its mid-year performance report for 2025, with notable increases in revenue and profit margins [1] - In the first half of the year, UBTECH achieved a revenue of 621 million yuan, representing a year-on-year growth of 27.5% [1] - The gross profit for the same period was 217 million yuan, which is a year-on-year increase of 17.3% [1] Group 2 - Research and development expenses amounted to 218 million yuan, accounting for 35.1% of total revenue [1] - The company's artificial intelligence education business and consumer-grade robotics and other hardware segments both experienced nearly 50% year-on-year growth [1]

优必选持续致力于推动发展仿人大脑、仿人小脑、高性能肢体等关键技术群，在高性能伺服驱动器技术、大模型技术、四目语义 VSLAM技术、学习型运动控制技术、纯视觉双目成像与感知技术、多模态交互技术等实现突破。这些创新技术已经应用于全新一代 的全尺寸工业人形机器人Walker S2上，使其具备更加出色的任务规划技能、灵巧操作技能、导航移动技能、人机交互技能。 Walker S2还搭载了由优必选全球首创的人形机器人热插拔自主换电系统，以3分钟自主换电和7×24小时连续作业能力，重新定义了人 形机器人能源管理范式，构建"永不停机的新质生产力"。 8月29日，优必选(09880)公布了2025年中期业绩报告。今年上半年，优必选实现营收6.21亿元，同比增长27.5%；实现毛利2.17亿元， 同比增长17.3%；研发费用2.18亿元，占营收35.1%。报告期内，公司人工智能教育业务与消费级机器人及其他硬件设备业务均实现了 近50%的同比增长。 2025年，优必选人形机器人交付实现突破。4月，公司正式与客户签订了大型双足人形机器人采购合同，7月中标觅亿汽车9051.15万 元机器人设备采购项目，创下全球人形机器人企业单笔中标金 ...

Core Viewpoint - The company achieved a revenue of 621 million yuan for the six months ending June 30, 2025, representing a year-on-year growth of 27.5% [1] - The company continues to focus on the commercialization of embodied intelligent humanoid robots and artificial intelligence as its core strategy [1] Financial Performance - Revenue for the reporting period was 621 million yuan, with a gross profit of 217 million yuan, reflecting a year-on-year increase of 27.5% and 17.3% respectively [1] - Research and development expenses amounted to 218 million yuan, accounting for 35.1% of total revenue [1] Business Development - The company's artificial intelligence education and consumer-grade robotics businesses both achieved nearly 50% year-on-year growth [1] - The WalkerS series training has entered the 2.0 phase, enabling multi-machine collaboration for industrial tasks such as material handling and quality inspection [1] Strategic Initiatives - The company signed the world's first small-scale procurement contract for industrial embodied intelligent humanoid robots, marking a transition from training to commercial application [1] - Significant technological breakthroughs have been made in the field of embodied intelligent humanoid robots, providing a solid foundation for their commercialization in industrial applications [1] - The company aims to drive the application of embodied intelligent humanoid robots from industrial scenarios to households [1]

人形机器人交付加速背后，是优必选在具身智能人形机器人上持续的研发投入，以及对工业应用场景的长期聚焦。继今年3月在极氪 5G智慧工厂开展全球首例多台、多场景、多任务的人形机器人群体智能协同实训后，优必选对群脑网络进行了2.0版本的迭代升级， 同时自研全球首个专用于工业人形机器人本体的智能体技术Co-Agent，构建了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，形成产线级任务执行能力，包括协同搬运、协同分拣、协同操作、协同质检等。 优必选持续致力于推动发展仿人大脑、仿人小脑、高性能肢体等关键技术群，在高性能伺服驱动器技术、大模型技术、四目语义 VSLAM技术、学习型运动控制技术、纯视觉双目成像与感知技术、多模态交互技术等实现突破。这些创新技术已经应用于全新一代 的全尺寸工业人形机器人Walker S2上，使其具备更加出色的任务规划技能、灵巧操作技能、导航移动技能、人机交互技能。 Walker S2还搭载了由优必选全球首创的人形机器人热插拔自主换电系统，以3分钟自主换电和7×24小时连续作业能力，重新定义了人 形机器人能源管理范式，构建"永不停机的新质生产力"。 8月29日，优必选(09880)公布 ...

2025年上半年，优必选持续聚焦工业场景规模化落地，Walker S系列实训迈入2.0阶段，通过多机协同执 行产线级任务，串联起料箱搬运、SPS分拣、零件安装、过程材料操作、质量检查等一系列工位级任 务。公司与客户签订全球首份工业具身智能人形机器人小批量采购合同，具身智能人形机器人从实训阶 段正式迈向商业化应用。 公告显示，公司将持续投入工业版具身智能人形机器人Walker S系列新机型研发，深度迭代人形机器人 全栈式技术，攻关一体化关节、仿人五指灵巧手、群脑网络BrainNet架构、协作智能体Co-Agent、学习 型运动控制、空间智能、ROSA系统等具身智能关键技术。公司将进一步全面提升Walker S系列产品的 轻量化水平、整机集成度、系统稳定性、群体协同能力、单机自主能力，与工人、AGV、无人物流车 以及智能制造管理系统协同，为工业场景提供稳定、可靠、安全、实用的服务，提升工业制造的智能 化、柔性化水平。 格隆汇8月29日丨优必选(09880.HK)公布中期业绩，2025年上半年，公司实现营业收入人民币6.22亿 元，同比增长27.5%，其中，来自教育智能机器人及智能机器人解决方案的营业收入为人民币2 ...

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） （股份代號：9880） 截 至2025年6月30日止六個月之 中期業績公告 深 圳 市 優 必 選 科 技 股 份 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱 為「本集團」、「我 們」或「優必選」）截 至 2025年6月30日 止 六 個 月（「報告期間」）之 未 經 審 計 綜 合 中 期 業 績，連 同2024 年 同 期 之 比 較 數 字。 – 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。 UBTECH ROBOTICS CORP LTD 財務概要 | | | | | | | | | | | | | | | | 截 | | | 至6月30日止六個月 | | | | --- | --- | ...

Core Viewpoint - The new generation of enterprises in Shenzhen is shifting from a focus on speed and resource integration to a deeper, more sustainable approach that emphasizes product development and innovation, while leveraging existing strengths in technology and industry [1][29]. Group 1: Shenzhen's Economic Evolution - Shenzhen's competitive edge historically stemmed from its rapid resource integration and market responsiveness, exemplified by the "one-meter counter" model in Huaqiangbei, which has produced numerous billionaires [2][3]. - Recent discussions suggest that the innovative vitality represented by the "one-meter counter" is fading, with new first-tier cities like Hangzhou and Hefei gaining momentum in emerging industries [2][3]. Group 2: New Business Models and Innovations - New enterprises are exploring innovative solutions, such as humanoid robots for production tasks, advanced automotive electronics, and AI-driven systems for collaborative work [3][4]. - Companies like Youbixun and Zhifang are developing humanoid robots for industrial applications, while Ouyue Semiconductor focuses on next-generation automotive chip development [3][4]. Group 3: Infrastructure and Support Services - Hardware innovation service providers like Jialichuang are lowering barriers for hardware startups by offering comprehensive services from PCB prototyping to assembly [4][11]. - The shift in business logic from the "one-meter counter" model to these new enterprises indicates a transformation in Shenzhen's growth dynamics [5]. Group 4: Rapid Prototyping and Talent Pool - Shenzhen's innovation process emphasizes rapid prototyping, where ideas are quickly turned into tangible products, supported by a dense network of suppliers and skilled professionals [7][8]. - The concentration of talent in specific sectors, such as the "robot valley," enhances the efficiency of product development and iteration [8][9]. Group 5: Globalization and Market Strategy - New enterprises are adopting global strategies, with companies like Daotong Technology establishing production bases in multiple countries to mitigate geopolitical risks and enhance regional collaboration [19][20]. - KuSai Intelligent focuses on empowering overseas brands by leveraging Shenzhen's R&D and supply chain capabilities, rather than pursuing a self-branded global presence [19][20]. Group 6: Focus on Real-World Applications - Companies are prioritizing practical applications over trendy concepts, with a focus on solving real-world problems in sectors like AI and robotics [15][18]. - The emphasis on addressing immediate labor shortages in manufacturing through automation reflects a pragmatic approach to innovation [18][24]. Group 7: Commitment to Product Development - The new generation of Shenzhen enterprises is characterized by a commitment to product strength, with significant investments in R&D and manufacturing capabilities [25][26]. - Jialichuang's strategy of self-built production facilities and proprietary software development exemplifies the focus on quality and efficiency in manufacturing [26][27]. Group 8: Transition to Physical Economy - The shift from digital innovation to addressing complex issues in the physical economy is evident, with a focus on robotics, smart automotive technology, and AI applications [22][24]. - The integration of AI in manufacturing processes aims to enhance productivity and address labor challenges, marking a significant evolution in Shenzhen's industrial landscape [24][28].

Core Insights - A new education technology company, Suqian Ubtech Education Technology Co., Ltd., has been established, focusing on AI software development and digital cultural creative software [1] Company Summary - The new company is wholly owned by Ubtech Robotics (09880.HK) through indirect holdings [1] - The legal representative of the new company is Zhong Yong, indicating a structured leadership [1] - The business scope includes artificial intelligence application software development, digital cultural creative software development, and network and information security software development [1]

Group 1 - A new company, Suqian Ubtech Education Technology Co., Ltd., has been established with a legal representative named Zhong Yong [1] - The company's business scope includes artificial intelligence application software development, digital cultural creative software development, and network and information security software development [1] - The company is indirectly wholly owned by Ubtech Robotics [1]