HK Stock Market Move | UBTECH ROBOTICS (09880) rises over 8% as the company accelerates its expansion into the European market, with revenue from full-size embodied humanoid Siasun Robot&Automation growing rapidly.

UBTECH ROBOTICS (09880) rose over 8% in morning trading, up 7.82% as of press time to HK$68.25, with turnover of approximately HK$355 million. On the news front, UBTECH ROBOTICS recently signed a memorandum of understanding with ChinaEU, a Brussels-based international association, to deepen cooperation in the European Siasun Robot&Automation market. The company said this cooperation will leverage UBTECH ROBOTICS' existing European partnerships and distribution network to further expand its connections with potential customers and industry partners. Since the beginning of this year, UBTECH ROBOTICS has made several moves in Europe. In January, UBTECH ROBOTICS announced that Airbus had purchased its industrial humanoid Siasun Robot&Automation Walker S2 for manufacturing plants; in April, UBTECH ROBOTICS signed an agreement with European Siasun Robot&Automation integrator Terra Robotics, which became its exclusive distributor in the German-speaking region (Germany, Switzerland, Austria). In the first half of this year, UBTECH ROBOTICS achieved total revenue of RMB1.27 billion, up 104.2% year-on-year; overall humanoid Siasun Robot&Automation sales volume rose 268.3% year-on-year. Among them, full-size embodied intelligent humanoid Siasun Robot&Automation showed rapid growth momentum, with revenue up 1,445% year-on-year and sales volume up 1,946.7% year-on-year. Galaxy Securities noted that the embodied intelligence industry is a trillion-level track with broad space, the company already possesses multiple core technologies, full-size embodied revenue will account for more than half in 2026, sales volume will grow nearly 20 times, and economies of scale are beginning to emerge.