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UBTECH: Revenue in 2025 is expected to increase by 53.3% year-over-year to 2.001 billion yuan.
Mars Finance reported that UBTECH announced on the Hong Kong Stock Exchange that its 2025 revenue increased 53.3% year over year to RMB 2.001 billion. Losses during the year narrowed from RMB 1.16 billion in 2024 to RMB 790 million in 2025. The full-size embodied-intelligence humanoid robot (not remote-controlled, not a toy, height over 160 cm) became the company’s largest revenue source, with revenue of RMB 820 million, up 2203.7% year over year; sales of 1,079 units, up 35,866.7% year over year; and gross profit of RMB 448 million, up 1568.1%. The company’s R&D investment exceeded RMB 500 million, accounting for 25.6% of revenue.