Unitree rebounds while expanding into AI models, startups and data infrastructure
TMTPost reported that Unitree’s shares rebounded over the past 12 days, gaining more than 70% and pushing market value above RMB 280 billion. Its first post-IPO quarterly report showed Q3 revenue of RMB 665 million, up 69.93% year over year, while adjusted net profit fell 17.42% to RMB 105 million. The company also launched the Shanyu Venture Plan with Sequoia China, increased spending on embodied-AI models and computing, and proposed subscribing for RMB 20 million in additional capital in Hangzhou Embodied Intelligence Pilot Center to maintain a 10% stake. TMTPost said the rally was driven more by technical expectations surrounding GPT-6 Astra, institutional changes and Unitree’s small tradable share than by improved operating profitability.
Unitree is expanding beyond robot hardware into embodied models, startup investment and shared data infrastructure. The reports nevertheless attribute its stock rebound more to AI expectations and trading factors than to improved earnings, while adjusted profit and gross margins remained under pressure.
（本文作者为 定焦One，钛媒体经授权发布）
文 | 定焦One，作者 | 王汉星，编辑 | 魏佳
在过去的12天里，宇树科技的股价连续反弹，累计涨幅超过70%，总市值回升至2800亿元以上，距离上市首日开盘还差大约1500亿元。
相比于市值的大举反攻，宇树在10月28日盘后发布的上市后首份财报却显得平淡很多，大多数财务数据都在预期之内，Q3宇树实现营收6.65亿元，同比增长69.93%，相较于之前增速有所回升；扣非后的净利润为1.05亿元，同比下降17.42%，今年以来，宇树明显提高了研发费用的支出，利润下滑的趋势也与之前几个季度一致。
一周前的2026世界物理AI大会暨宇树合作伙伴生态大会上，宇树创始人王兴兴给出了一个激进的判断，他认为GPT-6的一些能力已经可以解决机器人的部分规划问题，随着通用大模型能力的提升，快的话一到两年，慢的话两到三年，物理AI可能迎来重大突破。
#Unitree#Sequoia China#OpenAI#GPT-6 Astra#UnifoLM-WLA-1.0#UnifoLM-VLA-0#Hangzhou Embodied Intelligence Pilot Center#Unitree G1