The China Securities Regulatory Commission announced the approval on its website on Friday, according to industry sources. The clearance hands Unitree its "admission ticket" to become the first embodied AI company to list on China's A-share market.
Unitree plans to raise about 4.2 billion yuan ($618 million) through the offering, which it will channel into robotics AI model research, new product development and expanded production capacity.
Unitree's revenue surged 335 percent last year to 1.71 billion yuan, while net profit climbed 204 percent to 287.6 million yuan, making it one of the few profitable firms in China's embodied AI sector.
First-quarter revenue this year rose 68.49 percent year-on-year to 423 million yuan, though the pace cooled from the 332.64 percent jump a year earlier.
The Hangzhou-based company shipped about 5,500 humanoid robots last year, capturing 32.4 percent of the global market, even as average selling prices fell 36 percent amid intensifying competition.
Founded in 2016, Unitree filed its IPO application on March 20, and its approval, coming 104 days later, marks the fastest review since the STAR Market's pre-review system launched.
Beijing has been easing fundraising conditions for advanced technology firms as part of a broader push for self-reliance. Chinese embodied AI and robotics firms raised about 46 billion yuan in the first half of this year alone, already surpassing 2025's total, according to data tracker ITjuzi.
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