On March 6, UBTECH (09880., known as the "first share of humanoid robots" in Hong Kong stocksHK) soared 8813% to close at 202HK$8 shares, with a market capitalization of HK$84.8 billion.
Driven by the leader, the "little partners" of A-shares have also risen sharply, and Dingzhi Technology (873593BJ) rose 1624%, Fengli Intelligent (301368SZ) rose 1569%, Tianqi shares (002009SZ) rose 1002%。
The reason why UBTECH has risen from the ground may be related to financial factors. The Hang Seng Index previously announced that UBTECH was included in the Hang Seng Composite Index and the Hang Seng Stock Connect Greater Bay Area Composite Index on March 4, and officially entered the ** list of Hong Kong Stock Connect targets on March 5. Given the company's leading position and scarcity in the industry, this news is expected to make the company favored by more funds, especially "southbound funds".
However, more importantly, UBTECH's fundamentals are marginally good, exceeding market expectations.
Recently, the company's industrial version of the humanoid robot, WalkerS, has been "trained" at NIO's automobile factory, and the training program involves tasks such as adaptive walking with start-stop on the production line, robust mileage calculation, autonomous operation using perception and system data, and task scheduling.
This cooperation case further strengthens investors' confidence in the future development of humanoid robots, UBTECH CEO Zhou Jian also said that it has been in contact with a number of new energy vehicle manufacturers, and there will be more news of industrial manufacturing customers in 2024. In the near future, Walker S may directly compete with "workers" for jobs.
In addition, in the ongoing two sessions, UBTECH's humanoid robot Walker X also appeared. A paragraph ** shows that the robot is "on duty" in the national *** center. In CCTV's "Economic Half Hour" special program of the two sessions, UBTECH's humanoid robot will not only make some actions according to voice commands, but also has a preliminary perception similar to that of humans.
All signs show that the industrialization of the company's humanoid robots is accelerating, and various terminal application scenarios are expected to continue to emerge.
On the macro side, the country is in the stage of declining demographic dividend and rapidly rising labor costs, and the industrial automation market is also facing challenges. In addition, AI technology is advancing rapidly, ChatGPT has detonated the public's enthusiasm for general artificial intelligence terminals, and many technology giants and startups have entered the market.
In this context, once the products of the head robot company are truly implemented and begin to have large-scale applications, the humanoid robot industry will usher in a real explosion. Industry insiders believe that the industrialization of humanoid robots may be a wave of greater opportunities after smart phones and new energy, and the market space is broader.
In terms of performance, although UBTECH is the leader, it has been mired in losses in recent years, and from 2020 to the first half of 2023, the company's total net loss attributable to the parent company is about 313.5 billion yuan, and the total revenue during this period was only 282.6 billion yuan, all the money earned was lost and posted, and the company's landing on the Hong Kong Stock Exchange is also known as "bleeding listing".
The main reason behind this is the high R&D expenditure. From 2020 to the first half of 2023, UBTECH's total R&D investment is about 159.8 billion yuan, equivalent to more than half of the total revenue, as a technology leader in the emerging track, the company has invested heavily in research and development to ensure its dominant position in the market.
According to the data, in 2022, UBTECH ranked third in China's intelligent service robot and intelligent service robot solution industry (in terms of revenue), with a market share of 28%；In the field of educational intelligent robots and intelligent robot solutions, the company is a well-deserved leader, its 225% market share ranks first.
According to the prospectus, UBTECH has served more than 900 enterprise customers in more than 50 countries and regions around the world, and sold more than 760,000 robots, and the company's status is beyond doubt. With the recent entry of UBTECH's humanoid robot into NIO's factory, the company's future orders may continue to exceed expectations.
In the long run, the development of humanoid robots has broad prospects. There are institutions ** The average selling price of humanoid robots in 2030 will be from 4590,000 to 1620,000, a decrease of 65%, with a total market size of more than 350 billion yuan. Goldman Sachs has also recently re-evaluated the data on the global humanoid robot market, increasing the market size of the industry by 5 times and the number of shipments by 4 times.
As the "leader" of the humanoid robot track, UBTECH is expected to win the first opportunity in the industry and become a new "unicorn" leading the development of the times.
Author: Flying Fish.
Hotspot Engine Program