21世纪经济报道·2025-09-29 14:00Core Viewpoint - The article highlights the significant growth and strategic partnerships of UBTECH Robotics, particularly in the humanoid robot sector, showcasing a surge in orders and collaborations that indicate a scaling phase for the company and the industry as a whole [3][5][9]. Group 1: Orders and Contracts - UBTECH's subsidiary UQI signed a procurement contract with Tianqi Co., totaling 30 million yuan for the Walker S series humanoid robots, to be delivered by December 31, 2025 [3]. - Since the mid-2025 interim report, UBTECH has disclosed new orders exceeding 430 million yuan, including a notable 250 million yuan contract for the Walker S2 robot [5]. - The company has also secured a 90.51 million yuan contract with Miyi (Shanghai) Automotive Technology for its Walker S series [5]. Group 2: Strategic Partnerships - UBTECH entered a global strategic cooperation agreement with Foxconn's subsidiary Cloud Intelligence Technology, aiming to advance humanoid robot deployment from 2025 to 2027 [6]. - The company has engaged in extensive trials and collaborations with major automotive manufacturers, including BYD, Geely, and Tesla, indicating a strong foothold in the automotive sector [6]. Group 3: Market Performance - UBTECH's stock price surged by 47.75% in September, with a market capitalization reaching 66.731 billion HKD as of September 29 [3]. - The management has revised its forecast for industrial robot orders from 300-500 units to over 500 units for 2025, with total orders expected to reach around 800 units [9]. Group 4: Technological Advancements - The company is addressing challenges in humanoid robot capabilities, with improvements in the Walker S series through the integration of NVIDIA's high-performance computing platforms [8]. - UBTECH is transitioning from CNC processing to mold-based manufacturing for certain components, enhancing production efficiency and cost reduction [10].