UBTECH officially submitted the Hong Kong stock listing application.
The prospectus shows that in fiscal 2020, fiscal 2021 and the first nine months of 2022, UBTECH revenue reached 740 million yuan, 817 million yuan and 529 million yuan, respectively; R&D spending accounted for an average of 60% of annual revenue, and full-stack technology capabilities have accumulated more than 1,500 patents, including more than 300 overseas patents.
The prospectus also states that UBTECH has become a leading company in developing highly advanced life-size humanoid robots, as well as providing and delivering other intelligent robotic products, devices and solutions to end-users in a variety of industries. As of September 30, 2022, UBTECH has served more than 40 countries and regions worldwide, with nearly 1,000 enterprise customers and 500,000 robots sold.
Recently, the “Robotics +” action plan was released, further speeding up the development of the robotics industry. If UBTECH goes public, the company will become the first humanoid robot stock in the Hong Kong stock market, so it is expected that the company’s IPO will attract more attention from the market.
According to UBTECH ‘s official website, UBTECH was founded in March 2012 and is a leading global high-tech innovation company in the research, development, manufacturing and sales of artificial intelligence and humanoid robots. UBTECH ‘s self-developed artificial intelligence algorithm has become the robot’s “brain”, while achieving mass production of robot servo drives, giving the robot flexible movement of “joints and torso”.
The company focuses on application-oriented R&D, forward-looking R&D and commercialization of core AI and robotics technologies, and has laid out core technologies including high-performance servo drives, mechanical drives, motion planning and control, computer vision and perception, intelligent voice interaction, SLAM and navigation, human-robot interaction and hand-eye coordination, and launched ROSA, a robot operating system application framework. Based on this, we have launched a series of products such as commercial service robots and personal/home service robots, as well as industry solutions such as artificial intelligence education, smart logistics, smart recreation, smart epidemic prevention, commercial services, and smart inspection.
