Unitree Robotics has shed roughly 45% of its market value since its Shanghai debut last Wednesday, erasing about $30 billion from a valuation that briefly touched $66 billion before reversing sharply. Shares stabilised on Monday after three straight sessions of declines following the wildly oversubscribed Star Market listing, which saw the stock surge 460% on its first day.
The selloff comes as the Hangzhou-based company reported that adjusted net profit fell 53% to 40 million yuan in the first quarter of 2026. The Pentagon added Unitree to its list of Chinese military-linked companies in June, compounding headwinds from U.S. import restrictions.
Despite the turbulence, sector outlooks remain bullish: JPMorgan analysts project global humanoid robot deliveries will reach 60,000 units this year, more than tripling 2025 levels.