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Unitree's Wang Xingxing Rarely 'Admits a Mistake': Doesn't Want to Be a Flash in the Pan, Wants to Build a Century-Old Company!

Unitree founder Wang Xingxing admitted at the Shanghai Industrial Fair that his biggest mistake over the past decade-plus was not trusting AI enough, and announced a shift from a hardware-first approach to a dual-track strategy of hardware plus physical AI, saying the robotics era could reach an inflection point in as little as one to two years. Unitree listed on the STAR Market on August 19 at an issue price of 150.8 yuan; on its first trading day the stock surged to 1,100 yuan, with a peak market value of 444.9 billion yuan. Within two months, more than 270 billion yuan of market value evaporated, with a maximum drawdown of nearly 70%. In the first half of 2026, revenue was 1.152 billion yuan, up nearly 50% year on year, while non-recurring net profit fell 19.34%.

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