On June 1, 2026, the Shanghai Stock Exchange reviewed Unitree's IPO application. The company plans to raise about RMB 4.2 billion, with nearly half directed to its AI brain — the model that turns a robot from a machine that moves into one that understands. The 2025 results behind the filing are striking: revenue of RMB 1.699 billion, net profit of RMB 591 million, global No.1 in humanoid robot shipments, a gross margin of 60.13%, and over 90% self-developed core components.
From cerebellum to brain
The RMB 4.2 billion raise sends a clear signal: the race in embodied intelligence is shifting from the hardware cerebellum — motion control, joints, reducers — to the AI brain: cognition, decision-making, interaction. From 2026 onward, whoever makes a humanoid robot truly understand a task, reason about its environment, and talk to humans takes the ticket to the next generation of general-purpose robots.
Why see it in person
The numbers above are public. What is not public is the organizational muscle behind them: how fast the line iterates, how tightly R&D and manufacturing are coupled, how a company that only a few years ago shipped developer kits now ships production humanoids. Those signals only surface on the floor — which is exactly why China Innovation Visits (https://www.chinatechvisits.com) builds programs that take decision-makers inside the robot factory rather than to a slide deck.
The filing shows you the shipment rank. The floor shows you how they hit it.
What a delegation experiences
A China Innovation Visits delegation program to Unitree typically includes a walk through the R&D and production areas, a live demonstration of the humanoid line, and a closed-door session with engineers on embodied-AI strategy and overseas roadmap. It is built so leaders leave with a felt sense of iteration speed, not just a market-share chart.