Unitree Robotics releases first post-IPO Q3 report: revenue up 69.93% year on year, R&D spending up 249.58%

Unitree Robotics released its first post-IPO quarterly report on October 28. Q3 single-quarter revenue was 665 million yuan, up 69.93% year on year, and net profit attributable to shareholders was 113 million yuan, down 17.37% year on year. The profit decline was mainly due to increased R&D spending: Q3 R&D investment was 127 million yuan, up 249.58% year on year, accounting for 19.10% of revenue. Cumulative revenue for the first three quarters was 1.817 billion yuan, up 55.71% year on year, and R&D investment was 263 million yuan, up 191.48% year on year; after IPO proceeds were received, monetary cash reached 7.354 billion yuan.