Shanghai: China's leading robot maker Unitree Robotics surged 629.44% to open at 1,100 yuan (about $161.99) per share in its Shanghai STAR Market debut Wednesday.

According to Qatar News Agency, the Hangzhou-based company is offering about 40.45 million shares at 150.8 yuan each, corresponding to a price-to-earnings ratio of 219.23 times, as detailed in its prospectus.

The humanoid robot shipments surpassed 5,500 units in 2025, ranking first globally with a 32.4% share of the world market, as per a 2025 humanoid robot market research report. Unitree stated that the funds raised will be allocated towards intelligent robot model development, robot hardware R and D, new product development, and manufacturing base construction. This aligns with the company's strategy to transition from robot manufacturing to building a broader ecosystem for high-performance general-purpose robots.

Unitree's listing is a significant milestone as China's robotics sector continues to gain global prominence. Chinese companies accounted for nearly 70% of global quadruped robot sales in the first half of 2026, according to the Chinese Ministry of Industry and Information Technology.