Walker S rings the bell, and UBTECH, the first humanoid robot stock, is listed on the main board of the Hong Kong Stock Exchange

On December 29, UBTECH (stock code: 9880.HK) was officially listed on the main board of the Hong Kong Stock Exchange, with the highest share price reaching HK$91, corresponding to a market value of approximately HK$38 billion. Sun Dong, Secretary for Innovation, Technology and Industry of the Hong Kong Special Administrative Region Government, Wu Guocai, Executive President of the Office of Key Enterprises Introduced by the Hong Kong Special Administrative Region Government, Renu Bhatia, Chairman of the Listing Committee of the Hong Kong Stock Exchange, Chen Yiting, Co-Chief Operating Officer of the Hong Kong Stock Exchange, Zhou Jian, Chairman of the Board, Executive Director and Chief Executive Officer of UBTECH, and others attended the listing ceremony to witness the official birth of the first humanoid robot stock.

Picture 1: From left to right: Chen Yiting, Co-Chief Operating Officer of the Hong Kong Stock Exchange, Renu Bhatia, Chairman of the Listing Committee of the Hong Kong Stock Exchange, Zhou Jian, Chairman, Executive Director and CEO of UBTECH, Sun Dong, Director of the Innovation, Technology and Industry Bureau of Hong Kong, and Wu Guocai, Executive President of the Hong Kong Key Enterprise Introduction Office, took a group photo with the robot

At the listing ceremony, the panda robot Youyou walked onto the stage steadily and handed Zhou Jian a gong hammer. UBTECH's new generation of industrial humanoid robot Walker S made its debut, holding another gong hammer and walking to the center of the stage, and together with Zhou Jian, struck the opening gong. The wonderful human-machine collaboration opened a new chapter in human technological innovation. This is the first listing ceremony in human history where a humanoid robot struck the gong, and it will also become a milestone in the global process of accelerating the commercialization of humanoid robots and will be recorded in the history of the Hong Kong Stock Exchange.

Image 2: Panda robot Youyou hands the gong to Zhou Jian, Chairman, Executive Director and CEO of UBTECH

Photo 3: Walker S and UBTECH Chairman, Executive Director and CEO Zhou Jian strike the gong together

Photo 4: Walker S and UBTECH Chairman, Executive Director and CEO Zhou Jian strike the gong together

Photo 5: Renu Bhatia, Chairman of the Listing Committee of the Hong Kong Stock Exchange, delivering a speech

Zhou Jian mentioned in his speech at the listing ceremony: "UBTECH has been adhering to the vision of 'bringing intelligent robots into thousands of households' since its establishment. After more than ten years, it has gradually developed into a leader in humanoid robots and a leading company in intelligent service robots . After listing, it will practice its commitment to innovation and technology, continue to improve and enhance the full-stack technical capabilities of humanoid robots, use innovative technology to serve to solve major social problems and meet major social needs, and create truly sustainable long-term social value."

Picture 6: UBTECH Chairman, Executive Director and CEO Zhou Jian delivered a speech

Many UBTECH shareholders also attended the listing ceremony, including BYD co-founder Xia Zuoquan, Qiming Venture Partners founding managing partner Kuang Ziping, CDH Investments managing partner Ying Wei and other well-known investors. After the IPO, Zhou Jian, CTO Xiong Youjun, angel investor Xia Zuoquan and others jointly held 51.17% of the shares as concerted persons. Xia Zuoquan is still the largest individual shareholder of UBTECH except for the founder. Tencent is still the largest institutional shareholder of UBTECH with a 6.15% stake, and Qiming Venture Partners is still the second largest institutional shareholder with a 5.67% stake.

Photo 7: Shareholder representatives take a group photo with Zhou Jian, Chairman of the Board, Executive Director and CEO of UBTECH

Photo 8: Shareholder representatives take a group photo with Zhou Jian, Chairman of the Board, Executive Director and CEO of UBTECH

From 2020 to the first half of 2023, UBTECH's R&D investment accounted for 56.5% of its total revenue. Since its establishment in 2012, UBTECH has always focused on the research and development of core technologies for humanoid robots, and has laid out a full stack of core technologies such as robot motion planning and control, servo drives, computer vision and voice interaction, SLAM and autonomous navigation technology, visual servo operation and human-computer interaction, and robot operating system application framework ROSA. It has more than 1,800 related patents and is the company with the largest number of valid patents for humanoid robots in the world. While deepening its core technology, UBTECH, as one of the very few market participants in the global humanoid robot industry, has also taken the lead in commercializing humanoid robots.

While humanoid robots are still in the early stages of technological exploration and development around the world, UBTECH has achieved large-scale implementation in multiple fields such as artificial intelligence education, smart logistics, smart health care, and commercial services based on its full-stack humanoid robot technology. As of June 30, 2023, UBTECH has served more than 50 countries and regions around the world, has more than 900 corporate customers, and has sold more than 760,000 robots.

Zhou Jian said that UBTECH focuses on three major application scenarios for humanoid robots, including industrial manufacturing, commercial services, and family companionship. Among them, intelligent manufacturing will become the first large-scale application field of humanoid robots. Humanoid robots will redefine workers in the AI ​​era and free people from repetitive labor; commercial service scenarios are the fastest-applying market for humanoid robots, while home landing scenarios are the most promising application market for humanoid robots. In 2023, UBTECH developed the humanoid robot Walker S for industrial applications, and cooperated with a number of leading new energy vehicle companies to plan the application of humanoid robots in manufacturing scenarios in stages.

On October 20, the Ministry of Industry and Information Technology issued the "Guiding Opinions on the Innovation and Development of Humanoid Robots", pointing out that humanoid robots integrate advanced technologies such as artificial intelligence, high-end manufacturing, and new materials, and are expected to become disruptive products after computers, smart phones, and new energy vehicles, which will profoundly change human production and lifestyle and reshape the global industrial development pattern. At present, humanoid robot technology is accelerating its evolution and has become a new frontier for scientific and technological competition, a new track for future industries, and a new engine for economic development, with great development potential and broad application prospects.

On November 2, 2023, Beijing Humanoid Robot Innovation Center Co., Ltd. was officially established. It plans to carry out five key tasks, including the general humanoid robot prototype and the general large model of the humanoid robot. This is also the first provincial humanoid robot innovation center in the country. It is jointly held by Beijing Yizhuang Investment Holding Co., Ltd., UBTECH, Xiaomi, and Beijing Jingcheng Mechanical and Electrical. The legal representative is UBTECH CTO Xiong Youjun.

Favorable policies have attracted many technology giants, startups and capital to enter the market, and with the breakthrough development of general artificial intelligence technology, the humanoid robot industry is at the point of explosion with the right time, place and people.

UBTECH has been committed to the field of humanoid robots for more than 11 years. It has now been successfully listed on the Hong Kong Stock Exchange, becoming the first humanoid robot stock. While bringing new impetus to the Hong Kong capital market and helping Hong Kong achieve a new leap in the development of innovative technologies, it also brings positive signals and firm confidence to the global humanoid robot market.

Against the backdrop of Hong Kong's favorable innovation and technology policies, UBTECH has been invited to set up a subsidiary and UBTECH Hong Kong Research Institute in Hong Kong to attract more global talents, combine the R&D advantages of Hong Kong and Macao universities to build a world-class scientific and technological innovation platform, strengthen its internationally competitive industrial advantages, accelerate the layout of artificial intelligence and humanoid robots in the cutting-edge fields of the digital economy, and build on Hong Kong's international advantages to radiate to the Southeast Asian and even European and American markets, connecting the world and serving the world.

Taking the listing as a new starting point, UBTECH will continue to lead the humanoid robot industry, develop and manufacture world-class humanoid robots, and enter all walks of life and thousands of households.