Shenzhen-based UBTech, a maker of humanoid robots and sensible service robots, made its debut on the Hong Kong inventory market at this time with a market capitalization of HK$38 billion.
(UBTech’s merchandise as proven in its prospectus.)
Merchandise from humanoid robotic maker UBTech Robotics could have made their method into BYD’s manufacturing traces, native media outlet Jiemian stated in a report at this time, citing provide chain sources.
When requested, Zhou Jian, CEO of the Shenzhen-based robotic maker, stated he could not verify it, however that the corporate was already involved with a variety of new vitality car (NEV) firms, in response to the report.
In 2024, UBTech will announce extra about industrial manufacturing prospects, Zhou stated.
Based in March 2012, UBTech is a number one humanoid and sensible service robotic firm, in response to its web site.
The corporate made its Hong Kong inventory market debut at this time beneath the ticker image 9880, the primary humanoid robotic producer to checklist right here.
UBTech rose 0.94 p.c to HK$90.85 ($11.63) in Hong Kong by the shut of buying and selling, giving it a market capitalization of HK$38 billion.
As of December 10, UBTech had greater than 900 enterprise prospects and had bought greater than 760,000 robots, in response to its prospectus.
UBTech has the third largest share of two.8 p.c in China’s sensible service robots and options market in 2022.
The corporate’s income for 2020-2022 was RMB 740 million ($104 million), RMB 817 million, and RMB 1,008 million, respectively. The determine stood at RMB 261 million within the first half of this 12 months. It has not made a revenue up to now as a consequence of excessive R&D in addition to advertising bills.
The humanoid robotics enterprise contributed RMB 51.84 million to UBTech’s income in 2022, accounting for five.1 p.c of complete income. The enterprise maintained a gross margin of over 50 p.c in each 2022 and the primary half of this 12 months.
By the top of 2022, BYD had over 570,000 workers worldwide, in response to its social accountability report. The NEV maker can be headquartered in Shenzhen.
BYD bought 301,903 NEVs in November, up 31.02 p.c year-on-year and primarily flat from October’s 301,833 models, in response to figures it introduced earlier this month.
The corporate is predicted to announce December gross sales figures on January 1. It goals to promote greater than 3 million autos in 2023.
($1 = HKD 7.8114, $1 = RMB 7.1111)
BYD to announce EV plant in Hungary quickly, report says