Gasgoo Munich- On the evening of July 30, Unitree Robotics Technology Co., Ltd. unveiled its prospectus and issuance plan for an initial public offering on the STAR Market, officially kicking off its A-share listing process.A successful listing would make Unitree the first humanoid robotics stock on the A-share market.According to the filing, preliminary pricing inquiries will take place on August 5, 2026. Offline and online subscriptions are set to begin simultaneously on August 10, with payment due by August 12. CITIC Securities is serving as the sponsor and lead underwriter.Image Source: Unitree RoboticsUnitree plans to issue 40.45 million shares in this IPO, representing 10% of the post-offering capital, bringing total shares to about 404 million. The offering consists entirely of new shares, with no sale of existing holdings. It combines strategic placement, offline inquiry-based allocation, and online fixed-price issuance.The prospectus shows that Unitree's senior management and core employees plan to participate in the strategic placement through two asset management plans. Their combined subscription cap is 271.5 million yuan, or up to 10% of the offering. Chairman Wang Xingxing is personally subscribing for 15 million yuan.Proceeds will be funneled into four key projects: intelligent robot model R&D, robot body development, new product creation, and a smart robot manufacturing base. Notably, nearly half the capital is earmarked for tackling core technologies in embodied intelligence models.In 2025, Unitree shipped over 5,500 humanoid robots — more than any other company globally. Cumulative sales of quadruped robots topped 33,000 units, with overseas revenue consistently exceeding 40%. Annual revenue reached 1.699 billion yuan, with a gross margin of 60.13% on core businesses. Unitree is among the few hardware manufacturers achieving scalable profitability, serving sectors from industrial inspection to emergency rescue.Looking ahead, Unitree forecast revenue for the first half of 2026 between 1.052 billion yuan and 1.128 billion yuan, up 35.62% to 45.41% year-on-year. Net profit attributable to shareholders is expected to range from 258 million yuan to 306 million yuan. After excluding non-recurring items, net profit is estimated at 236 million yuan to 283 million yuan — a year-on-year decline of roughly 21.97% to 6.43%, though this marks a significant recovery from the first quarter's drop.The filing also warned that as the revenue base expands and competition heats up, future growth rates may decelerate.