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Unitree Robotics unveils STAR Market IPO pricing_我的网站

一 |     (ECNS) -- Unitree Robotics has priced its Shanghai initial public offering at 150.80 yuan (about $22.34), the company said on Thursday, with online and offline subscription kicking off next Monday.    In a filing to the Shanghai Stock Exchange, the Chinese robotics firm said it was seeking to raise 6.099 billion yuan in gross proceeds, with net proceeds of about 5.917 billion yuan after deducting issuance expenses. The funds will mainly go toward robot R&D, production capacity expansion and embodied intelligence algorithm development.    The IPO proposal has secured approval and registration clearance. Unitree plans to float 40.4464 million shares, accounting for 10% of its enlarged total share capital. The offering includes strategic placement, offline book-building allotment and online fixed-price subscription.    Unitree estimates its operating revenue for the first half of 2026 will stand between 1.052 billion yuan and 1.128 billion yuan, with net profit attributable to parent company ranging from 258 million yuan to 306 million yuan.    Unitree applied under the second set of STAR Market listing criteria which requires an estimated market value of no less than100 billion yuan. Its post-IPO market value will hit approximately 60.993 billion yuan.    (By Intern Xu Wenda, Zhang Dongfang)                    。    

A recent invitation from Naoero President David Adeang to Chinese Ambassador to Naoero Lü Jin to cycle around the island has drawn widespread attention as such a bicycle ride with a head of state is hardly a fixture on a diplomat's schedule.
The event offers an unusual glimpse into the close ties between China and the Pacific island country, the Chinese Embassy in Naoero told the Global Times in an exclusive interview, providing further details about the event and the broader cooperation between the two countries.
According to the embassy, Naoero's government has organized various public fitness activities in preparation for hosting the 2028 Micronesian Games, with the aim of improving public health. Whenever his schedule permits, Lü leads embassy diplomats in government-organized cycling events and fitness walks. 
The embassy said the cycling route passed several China-supported projects, reflecting the expansion of practical cooperation since China and Naoero resumed diplomatic relations more than two years ago.
Solar-powered streetlights built with assistance from Jiangmen, South China's Guangdong Province, stand along both sides of the road. At Aiwo Port, where a terminal was constructed by China Harbour Engineering Co, a cargo ship provided by China to Naoero was unloading supplies critical to the island.
The Naoero Medical Centre has hosted free clinics provided by ophthalmologists from Sun Yat-sen University, doctors from Xi'an Hospital of Traditional Chinese Medicine and medical personnel from the Chinese PLA Navy hospital ship Silk Road Ark.
A China-aided sports center is also under construction in Naoero's inland highlands. Meanwhile, a hydroponic facility is supplying locally grown lettuce and Chinese cabbage to Naoero's households, helping diversify local dining tables.
As a partner in the Belt and Road Initiative (BRI), China supports Naoero in independently pursuing a development path suited to its national conditions, the embassy said. China has also expanded practical cooperation with Naoero in trade, investment and infrastructure, and provided assistance without political conditions to support the country's independent and sustainable development.
Over the past two years, policy coordination between the two countries has deepened, infrastructure connectivity has advanced, trade has gained momentum, financing channels have expanded and people-to-people exchanges have produced tangible results, according to the Chinese embassy.
The embassy also emphasized Naoero's firm adherence to the one-China principle. Naoero has repeatedly reaffirmed its support for the principle, while its Cabinet recently adopted a resolution requiring public officials to uphold and implement it, with strict rules governing their conduct related to the Taiwan region.
Chinese internet users also noted that Adeang and Lü visited a shop operated by overseas Chinese to buy cold drinks after completing the cycling event.
The embassy said shops operated by overseas Chinese account for more than 90 percent of Naoero's retail market and can be found across the island.
Overseas Chinese began arriving in Naoero more than a century ago and have since developed close ties with local communities. Adeang's maternal family traces its roots to migrants from Guangdong who moved to the South Seas in the 19th century.
In July 2025, Adeang traveled with his family to Jiangmen to trace his roots and pay respects to his ancestors, an event that further strengthened the historical and people-to-people connections between China and Naoero.
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