SIASUN(SZ:300024) Hua Xia Shi Bao·2025-09-02 05:58Core Viewpoint - The humanoid robot industry is capital-intensive, and companies like UBTECH are focusing on securing funding to survive and thrive in a competitive landscape [1][5][6]. Group 1: Strategic Partnerships and Funding - UBTECH has signed a strategic partnership agreement with Infini Capital for a total of $1 billion in funding, which includes various financing methods such as share placements and convertible bonds [2][3]. - The partnership aims to enhance UBTECH's industrial layout capabilities and support the development of a robust ecosystem in the humanoid robot sector [2][3]. - UBTECH has completed five share placements since its IPO, raising a total of approximately 4.54 billion HKD, indicating a strong demand for capital to support product optimization and market expansion [3][4]. Group 2: Market Dynamics and Financial Performance - The humanoid robot sector has seen a surge in investment events, increasing from 40 in 2023 to 111 in the current year, highlighting the growing interest and competition in the field [6]. - Despite the increased revenue and reduced losses reported by UBTECH, the company is still in a deficit position, indicating a need for ongoing financial support [6][7]. - UBTECH's stock performance has been volatile since its listing, with a significant drop from a peak of 328 HKD per share to a low of 40.8 HKD, reflecting the challenges faced in the market [7]. Group 3: Industry Challenges and Future Outlook - The humanoid robot industry is characterized by high R&D and manufacturing costs, which pose significant challenges for companies lacking self-sustaining revenue models [6][5]. - Experts predict that the industry may face a "capital winter" in the near future, intensifying competition and emphasizing the importance of financial reserves for survival [5][6]. - UBTECH's recent collaborations with major companies like BYD and Foxconn are expected to bolster its market presence and facilitate the commercialization of its humanoid robots [7].