en.Wedoany.com Reported - UBTech Robotics received a humanoid robot procurement order worth 90.5 million yuan from Shanghai Miyi Trading Co., Ltd., and reached a strategic distribution partnership with the Bosch Group, yet the company's stock price remains near its 52-week low. As of July 17, UBTech's stock closed at 9.39 euros, down 5.29% for the day, with a cumulative decline of over 21% in the past month and nearly 35% year-to-date. Persistent market skepticism about the prospects of its consumer robotics strategy and the implementation of new regulatory rules are the main factors affecting investor sentiment.
According to information disclosed by the Chinese Government Procurement Network on July 18, the humanoid robot procurement order obtained by UBTech comes from Shanghai Miyi Trading Co., Ltd., a joint venture with state-owned background and a production base in Hubei Province. This order sets a new record for the highest single order in the global humanoid robot industry, surpassing the previous peak of 72.995 million yuan. To date, UBTech has won a total of 74 projects, with a total value reaching 246 million yuan. The procured products include UBTech's self-developed industrial-grade humanoid robots, primarily used in the intelligent automotive manufacturing sector. This project is also a key component of Shiyan, Hubei's initiative to build a robotics industry cluster.
UBTech officially launched the Walker S2 humanoid robot in July, which can complete a battery replacement within three minutes without human intervention or downtime. UBTech expects to deliver approximately 500 industrial humanoid robots to the intelligent manufacturing business this year and about 300 "Tiangong Xingzhe" robots to the scientific research and education markets.
UBTech signed a strategic cooperation agreement with the Bosch Group, making Bosch the first authorized dealer of UBTech's bionic humanoid robots in the Beijing-Tianjin-Hebei region. Under the agreement, Bosch will sell UBTech robots through its existing distribution network, which covers brand stores such as Mercedes-Benz and Hyundai. For UBTech, this cooperation signifies an extension of its sales model from direct sales to channel distribution.
In terms of consumer robotics, after UBTech launched the UWORLD U1 series of consumer-grade humanoid robots at the end of June, the company's stock price once rose 18% intraday, eventually closing up 7.5%, but plummeted about 10% the following day. Multiple Chinese media outlets pointed out that the officially announced pre-order volume of over 13,000 units was obtained before the final selling price was disclosed, and all deposits paid during the pre-sale period are fully refundable, leaving actual market demand to be observed. The market has also raised questions about whether the company can complete deliveries as planned by September. Reports indicate that the robot has limited continuous operation time and a long charging period.
On July 16, UBTech completed the conversion of approximately 5.5 million domestic shares into H-shares, with the new shares listed for trading the following day. In the same month, China's first national regulation on anthropomorphic artificial intelligence interactive service management officially took effect, explicitly prohibiting the use of AI products to induce or reinforce users' emotional dependence, which is one of the key features of the U1 series companion robots. Analysts believe that the new regulations may lead to higher compliance costs for UBTech's consumer robotics business.
Currently, UBTech's market capitalization is approximately 4.81 billion euros. While the company's industrial robot business continues to send positive signals, whether the consumer robotics strategy can deliver on market expectations remains to be seen over time. The company remains one of the more volatile stocks in the humanoid robot sector.
