Unitree is finally going public on the A-shares market, and when it comes to humanoid robots, they’ve really made it happen. Remember a few days ago when Lei Jun specifically thanked them during his launch event? He said it was lucky they partnered with Unitree five years ago. Now, boom—IPO accepted. Their timing is sharper than a Spring Festival Gala dance routine. To be honest, their performance is pretty jaw-dropping: 1.7 billion yuan in annual sales, over 600 million yuan in net profit, and ridiculously high gross margins. The most impressive product is the G1. When it first launched, one unit cost over 500,000 yuan. Now that it’s mass-produced, the price has been slashed to just over 160,000 yuan. That growth rate is like riding a rocket. Their strategy is smart too—first making money with their four-legged “robot dogs” running all over the streets, and now pouring funds into humanoid robots. Although for now, these humanoid robots are just “smart little brains” that can run and jump, they’re still far from being able to work in factories. But with Tencent, Alibaba, and Meituan backing them, the capital market is clearly optimistic. Early investors are probably grinning ear to ear right now. Let’s see if these robots can become as common as household appliances in the future!