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Unitree's first quarter as a public company: sales up 70%, profit down 17%
Unitree, the Chinese and robot-dog maker, reported third-quarter revenue of 665 million yuan, up 69.9%, in a filing this week, and net profit attributable to shareholders down 17.4% to 112.7 million yuan, against an analyst forecast of 224 million. Research spending rose 249.6% to 127 million yuan, which Unitree put down to large models for robots, compute and hiring. The results are unaudited.
The South China Morning Post gives profit excluding one-off items as 105 million yuan; it is a different measure, not a contradiction. The stock had risen more than 65% in the two weeks before the report. Growth is real and the model-building bill is now visible. SourcesBB
Sources
- BUnitree's Q3 profit down 17.4% on year in test for China's robotics sector (Reuters, syndicated)whtc.com
- BUnitree reports 70% surge in quarterly revenue though AI investment weighs on net profit (South China Morning Post)scmp.com
This story ran in the Morning Brief of October 30th 2026.