Unitree Stock Crashes 44% as China Moves to Tighten Humanoid Robot IPO Rules

TLDR

• Unitree Robotics has fallen 44% since its August IPO on Shanghai’s STAR Market, wiping out around $30 billion in market value
• Beijing is reportedly planning tighter approval rules for humanoid robot companies seeking to list on mainland exchanges
• Companies including Deep Robotics and Leju Robot, which are still unprofitable, could be affected by the stricter rules
• Unitree’s first-half profit dropped 19% year-on-year, and revenue growth slowed sharply from over 300% in 2025 to 48%
• Analysts say Unitree’s valuation still trades at 347 times estimated earnings, far above the STAR Market average of 118 times

Unitree Robotics listed on Shanghai’s STAR Market on August 19 and surged 460% on its first day of trading. Investor excitement was high. The company had shipped more than 5,500 humanoid robots the previous year, ranking first globally.

Less than a month later, the picture looks very different.

The stock has fallen 44% from its peak, wiping out more than 200 billion yuan, or around $30 billion, in market value. The sharp drop has drawn attention from Chinese regulators and raised questions about the health of the broader humanoid robot sector.

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