Robotics Unitree's Q1 Profit Crashes 52% Days Before $6.2B Shanghai IPO Review
Unitree Robotics posted Q1 2026 revenue of 422.8 million yuan, up 68% year-on-year, but adjusted net profit fell 52% to 40.3 million yuan as R&D and sales costs surged. The Shanghai Stock Exchange's STAR Market committee reviews the company's 4.2 billion yuan (≈$619M) IPO on June 1, at a target valuation near $6.2 billion.