Unitree Robotics reports 70% revenue rise in first earnings since IPO
Overview
Unitree Robotics reported third-quarter revenue of 665 million yuan (US$99.7 million) for the three months ending September 30, up 69.93% year on year, according to a filing with the Shanghai Stock Exchange.
Net profit excluding non-recurring items fell 17.42% to 105 million yuan over the same quarter. The company said research and development spending rose 249.58% to 127.04 million yuan, about 19% of revenue. This was the company's first earnings report since its public listing. For the first three quarters, net profit attributable to shareholders rose 270.54% to 387 million yuan.
Written by AI from the articles below · updated Oct 28, 10:01 AM ET
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- South China Morning Post · TechNewsUnitree reports 70% revenue jump in quarter, but AI spending weighs on profit
AIUnitree Robotics reported third-quarter revenue of 665 million yuan (US$99.7 million), up 69.93% year on year, for the three months ending September 30. Net profit excluding non-recurring items fell 17.42% to 105 million yuan, as research and development spending rose 249.58% to 127.04 million yuan, about 19% of revenue. Net profit attributable to shareholders for the first three quarters rose 270.54% to 387 million yuan, according to a filing with the Shanghai Stock Exchange.
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