[Unitree Robotics' Non-Net Profit in Q1 Drops 52.6% Year-on-Year, R&D Investment Continues to Increase] The reply document for Unitree Robotics' STAR Market IPO review inquiry shows that the company achieved operating revenue of 423 million yuan in the first quarter of 2026, a year-on-year increase of 68.49%, though the growth rate has significantly slowed compared to 332.64% in the same period last year. Affected by a substantial increase in period expenses such as R&D and sales costs, the company's non-net profit dropped from 84.84 million yuan in the same period last year to 40.25 million yuan, a year-on-year decrease of 52.55%. Unitree Robotics expects to achieve operating revenue of 1.052 billion yuan to 1.128 billion yuan in the first half of 2026, a year-on-year increase of 35.62% to 45.41%; non-net profit is expected to be 236 million yuan to 283 million yuan, a year-on-year decrease of 6.43% to 21.97%, though the decline will significantly narrow compared to the first quarter. The company stated that it will continue to increase investment in the research and development of core robotics technologies.