<p>Citi stated that UBTECH ROBOTICS has reported humanoid robot orders reaching 400 million yuan. If all orders are delivered this year, Citi's revenue forecast for UBTECH ROBOTICS in 2025 is expected to be raised by about 8%. Note: On Wednesday, UBTECH ROBOTICS announced a large order of 250 million yuan for humanoid robots, primarily for the Walker S2 humanoid robot equipped with an autonomous hot-swappable battery system, which will begin delivery within this year. Citi analysts Jamie Wang and others mentioned in the report that the order is expected to include 250-300 humanoid robots, although management refused to disclose any details about the order. They reiterated a buy rating on UBTECH ROBOTICS, with a target price still maintained at HKD 121</p>

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<p>Citigroup analysts stated that if all of UBTECH ROBOTICS' robot orders are delivered this year, its revenue for 2025 is expected to be revised up by about 8%. UBTECH ROBOTICS recently announced that it has secured a large order for humanoid robots worth 250 million yuan, mainly involving the Walker S2 robot, with the order expected to include 250-300 units. Citigroup reiterated its buy rating on UBTECH ROBOTICS, maintaining the target price at HKD 121</p>

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UBTECH ROBOTICS

Citigroup: If all UBTECH ROBOTICS robot orders are delivered this year, the company's revenue forecast may be raised by about 8%, reiterating a buy rating

花旗：若优必选所有机器人订单都在今年交付 公司营收预测或上调约 8% 重申买入评级

花旗：若优必选所有机器人订单都在今年交付公司营收预测或上调约 8% 重申买入评级