UBTECH ROBOTICS (09880) surged 7.21% intraday, driven by its announcement to acquire a controlling stake in Zhejiang Fenglong Electric Co., Ltd. for 1.665 billion yuan. The acquisition aims to accelerate the development and commercialization of humanoid robots, leveraging Fenglong's precision manufacturing capabilities and supply chain.
Additionally, UBTECH reported robust order performance, with humanoid robot orders nearing 1.4 billion yuan in 2025. The company recently secured new bids worth over 130 million yuan for projects in Huizhou and Hohhot, further solidifying its leadership in the global humanoid robotics industry. The 1,000th unit of the Walker S2 also rolled off the production line, with annual capacity projected to reach ten thousand units by 2026.
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