Absolutely explosive! One winning allotment netted 470,000 yuan—the strongest new stock of the year has emerged

The most outrageous IPO subscription return in China’s A-share market this year has just been reset by Unitree Robotics!

On its first day of listing, it opened 629% higher, with an opening price of 1,100 yuan. Most astonishingly, one winning allotment could generate a profit of 474,600 yuan, while the company’s market capitalization surged directly to 444.9 billion yuan. There’s no denying that the investors who won allotments this time have enjoyed an enormous windfall—an effortless win!

This gain far exceeded everyone’s expectations and completely surpassed the conventional logic behind new-stock rallies.

Unitree Robotics’ offering price was 150.8 yuan, with an offering P/E ratio as high as 219.23 times, compared with the industry average of just 38.56 times. The premium was extraordinarily high. Even though its IPO valuation was already far from low, market funds were still willing to scramble for shares, which fully demonstrates the market’s extreme optimism toward the humanoid robotics and embodied intelligence sectors.

What really makes me feel that this stock is no ordinary one is its top-tier strategic placement lineup.

The National Social Security Fund, Tencent, Kunlun Capital, China Southern Power Grid, and Tianyi Capital all participated. Nine top institutions subscribed for a combined total of more than 1.2 billion yuan. The national team and internet giants collectively took substantial positions, showing the highest level of recognition.

The most crucial detail: DeepSeek’s DeepSeek team made a strong strategic placement investment, with a 36-month lock-up period—far longer than the 12-month period for other institutions.

This essentially confirms a major industry event: two of the six “little dragons” of Hangzhou have become deeply bound together. A top AI foundation-model team and a leading robotics hardware company have joined forces to focus on embodied intelligence. This is also the core logic behind the capital market’s willingness to assign such an extremely high premium.

After the intense race for AI computing power, the main theme in the next phase will most likely be the commercialization of embodied intelligence and robotics. Unitree’s latest surge looks more like an early warm-up for the sector’s upcoming rally.