On July 8, UBTECH Robotics fell 5.62% in regular trading, trading at 87.55 HKD/share with turnover of 331 million HKD, marking the third consecutive trading day of weakness.
On the news front, the battery life controversy surrounding the company's full-size ultra-bionic humanoid robot UWORLD U1 series continues to ferment. The top-tier U1 Ultra model, priced at 990,000 RMB, supports only 2-4 hours of operation per charge, drawing widespread skepticism about its practicality for emotional companionship scenarios. The company previously responded that 2-4 hours is the industry norm for full-size humanoid robots and emphasized its product is positioned for emotional companionship rather than as a romantic partner.
Adding to the pressure, the company's H-share full circulation filing involving 5.4539 million domestic shares converting to tradeable H-shares has raised chip supply expansion concerns. A large block sell trade of approximately 9.26 million HKD on July 7 further intensified selling sentiment, with multiple bearish factors resonating to suppress the stock price.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments