每经AI快讯，10月16日，优必选(09880.HK)涨超4%，截至发稿，涨4.35%，报136.8港元，成交额4.15亿 港元。 ...

消息面上，10月15日，优必选宣布与A股某知名上市汽车科技公司正式签署人形机器人采购合同。该公 司将向优必选采购总金额超3200万的以最新款Walker S2为主的人形机器人产品及解决方案，涵盖工厂 制造应用并配套嵌入式数采工厂产品服务。该订单计划于2025年内完成交付。 继9月优必选最新款可自主换电的Walker S2人形机器人斩获全球单笔最大金额订单后，加上本次再获 3200万订单，不包含天工行者人形机器人，截至目前优必选Walker系列人形机器人已获得近5亿元合 同。 优必选(09880)涨超4%，截至发稿，涨4.35%，报136.8港元，成交额4.15亿港元。 ...

继9月优必选最新款可自主换电的Walker S2人形机器人斩获全球单笔最大金额订单后，加上本次再获 3200万订单，不包含天工行者人形机器人，截至目前优必选Walker系列人形机器人已获得近5亿元合 同。 智通财经APP获悉，优必选(09880)涨超4%，截至发稿，涨4.35%，报136.8港元，成交额4.15亿港元。 消息面上，10月15日，优必选宣布与A股某知名上市汽车科技公司正式签署人形机器人采购合同。该公 司将向优必选采购总金额超3200万的以最新款Walker S2为主的人形机器人产品及解决方案，涵盖工厂 制造应用并配套嵌入式数采工厂产品服务。该订单计划于2025年内完成交付。 ...

1 隔夜市场 美股三大指数收盘涨跌不一，道指跌0.04%，纳指涨0.66%，标普500指数涨0.4%，热门科技股多数上涨，AMD涨超9%，英特尔涨超4%，谷歌、博通涨超 2%，特斯拉涨超1%。贵金属、半导体、存储概念股大涨，黄金资源涨超10%，美洲白银公司涨超8%，西部数据涨超6%，科磊涨近6%，泛美白银涨超3%， 阿斯麦涨超2%。稀土概念、煤炭、百货公司跌幅居前，American Resources跌超26%，迪拉德百货跌超3%。纳斯达克中国金龙指数涨1.7%，热门中概股多 数上涨，新东方涨超10%，世纪互联涨超4%，哔哩哔哩涨超2%，阿里巴巴、小鹏汽车、百度、京东涨超1%，爱奇艺跌超3%。 当地时间10月15日，美联储发布全国经济形势调查报告（即"褐皮书"）显示，自上次报告以来，经济活动总体变化不大，三个地区报告经济活动小幅至温和 增长，五个地区报告经济活动没有变化，四个地区报告经济活动略有放缓。报告显示，近几周，总体消费支出，尤其是零售商品支出小幅下降。报告期内， 国际旅客对休闲和酒店服务的需求进一步下滑，而国内消费者需求基本持平。多份报告指出，面对物价上涨和经济不确定性加剧的情况，中低收入家庭持续 寻 ...

Group 1 - Company recently secured a large order exceeding 32 million yuan for humanoid robots, further solidifying its leading position in the humanoid robot sector [1] - The order includes the latest Walker S2 model and is set for delivery by 2025, following another significant contract worth 30 million yuan signed in September [1] - Cumulatively, the company has achieved nearly 500 million yuan in contract value for its Walker series humanoid robots, indicating increasing market recognition [1] Group 2 - The humanoid robot industry is experiencing a new phase characterized by technological breakthroughs and commercial applications, with expanding use cases in manufacturing, logistics, and home sectors [2] - Investment focus is shifting from early-stage technology concepts to assessing mass production and delivery capabilities, marking a transition to commercialization [2] - The company aims to achieve a production target of 1,000 humanoid robots by 2025, reflecting confidence in its production capacity and the market's recognition of humanoid robot applications [2]

Group 1 - The core point of the article is that UBTECH has signed a humanoid robot procurement contract with a well-known A-share automotive technology company, with a total amount exceeding 32 million yuan [2] - The order primarily involves the latest Walker S2 humanoid robot and related solutions, aimed at factory manufacturing applications, with delivery planned for 2025 [2] - Since the launch of the Walker S2 in late July, UBTECH has secured multiple large commercial orders, totaling nearly 500 million yuan for the Walker series humanoid robots [3] Group 2 - The Walker series humanoid robots have established partnerships with several major companies, including BYD, Dongfeng Liuzhou Motor, Geely, FAW-Volkswagen, Audi, BAIC New Energy, Foxconn, and SF Express, covering various sectors such as new energy vehicle manufacturing, 3C manufacturing, and smart logistics [3] - The industrial humanoid robot Walker S series has been deployed in the most factories globally for practical training applications [3]

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]