Robot concept stocks widened their losses, with Johnson Electric Holdings Limited (00179) falling 6.73% to HK$13.02, Sanhua Intelligent Controls (02050) dropping 4.68% to HK$20.76, Lens Technology (06613) declining 3.37% to HK$17.5, and Mech-Mind Robotics (09615) slipping 2.80% to HK$81.65 as of press time.
On the news front, on October 15, Unitree Robotics shares continued to tumble, hitting a new intraday low of 404.03 yuan, with its total market capitalization falling below 165 billion yuan. JPMorgan recently initiated coverage on Unitree Robotics with an "underweight" rating and a target price of 300 yuan for December 2027. The bank maintains a constructive long-term outlook on the humanoid robot industry and acknowledges Unitree's hardware platform and first-mover advantages. However, it believes that Unitree's current valuation has fully priced in expectations of "flawless execution."
According to a report by the Science and Technology Innovation Board Daily, the robot rental market that was ignited by the 2025 Spring Festival Gala once made "one machine hard to find" the norm. However, since the beginning of this year, daily rental prices for humanoid robots have dropped sharply, falling from the ten-thousand-yuan level "daily wage" at the start of last year to 2,000 to 3,000 yuan at the beginning of this year. Currently, daily rental prices for humanoid robots have fallen below 1,000 yuan. E-commerce platforms such as Xianyu show that some merchants have listed Unitree Robotics humanoid robot rentals with starting prices as low as 289 yuan per day.
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