Unitree Technology's Q3 revenue rises but profit falls; JPMorgan still raises target price from 300 yuan to 995 yuan

Unitree Technology's third-quarter operating revenue was 665 million yuan, up 69.93% year on year, while net profit attributable to shareholders was 113 million yuan, down 17.37% year on year, making its first financial report after listing show higher revenue but lower profit. On October 25, JPMorgan raised its target price for Unitree from 300 yuan to 995 yuan, upgraded the rating directly from underweight to overweight, and raised its humanoid robot sales forecasts for 2027 to 2030. The article also notes that cases such as YunShenChu's STAR Market review and Huandong Robot's termination of listing show that listing reviews for robotics companies are tightening, and several second- and third-tier manufacturers have experienced unpaid wages or bankruptcy.