Unitree Third-Quarter Revenue Jumps 70 Percent
Chinese humanoid robot maker Unitree reported a 70 percent increase in third-quarter revenue while net profit declined due to higher research and development expenses. The company continues to invest heavily in embodied intelligence and advanced computing capacity.
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Unitree posted a 70% jump in third-quarter revenue to 665 million yuan ($100 million) while net profit fell 17.4% to 112.7 million yuan. The results mark the humanoid maker's first earnings report since listing in China. Net profit missed analysts' 224 million yuan forecast as research and development expenses more than doubled.
