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Maker of humanoid and service robots for industrial, education and consumer use.
Maker of humanoid and service robots for industrial, education and consumer use.
Earns across several lines, from education and consumer robots to industrial and logistics solutions, while its humanoid robots are earlier-stage products sold in small numbers to factories and research customers. It listed in Hong Kong in 2023 and has funded its spending partly through share issues.
In one line: A Chinese humanoid-robot pure play, akin to Figure AI/Boston Dynamics.
Moat: none (IP / patents). Early mover in humanoid robots but the category still has no proven durable moat.
Headquarters: Shenzhen, China · Founded: 2012 · Employees: 2,550
Size UBTECH ROBOTICS (9880.HK) is a Hong Kong Industrials company (Industrial Machinery) with a market value of $4.73B, the 263rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$64.50 on 6 Nov 2026.
Performance Over six months the shares fell 41.3%, against -17.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 19 in its peer set.
Growth Revenue grew 89.8% over the last twelve months (peer median +10.5%); the operating margin is -20.7% (peer median 13.2%).
Valuation It trades at 12.3× enterprise value to sales against a peer median of 3.1× (8th most expensive of 21).
Capital Return on invested capital runs 15.1 points below its cost of capital (9.0% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$2.95B | HK$2.17B | HK$1.41B | HK$1.16B | HK$1.17B |
| Revenue growth | — | +54% | +22% | -1% | — |
| Gross profit | HK$1.15B | HK$750M | HK$329M | HK$293M | HK$383M |
| EBITDA | -HK$493M | -HK$716M | -HK$1.16B | -HK$1.25B | -HK$1.01B |
| Net income | -HK$672M | -HK$763M | -HK$1.22B | -HK$1.36B | -HK$1.13B |
| Free cash flow | -HK$1.85B | -HK$1.28B | -HK$1.20B | -HK$1.69B | -HK$998M |
| Capital expenditure | HK$553M | HK$444M | HK$246M | HK$587M | HK$371M |
| Total debt | n/a | HK$1.32B | HK$1.71B | HK$1.69B | HK$773M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| UBTECH ROBOTICS 9880.HK | $4.73B | -41% | +90% | -21% | 12.3× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 13.4× | n/a |
| Shenzhen Dobot 2432.HK | $937M | -50% | +67% | -33% | 6.8× | n/a |
| XPeng 9868.HK | $9.51B | -37% | +29% | -7% | 0.9× | n/a |
| Rainbow Robotics 277810.KS | $4.59B | -52% | +92% | -16% | 136.9× | n/a |
| SIASUN Robot & Automation 300024.SZ | $3.12B | -11% | +11% | -7% | 5.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9880.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.3% | -11.1% | 11th highest of 21 |
| 6-month return | -41.3% | -17.4% | 4th lowest of 19 |
| Distance from 52-week high | -58.8% | -40.1% | 7th lowest of 21 |
| Revenue growth (TTM) | +89.8% | +10.5% | 4th highest of 21 |
| Operating margin | -20.7% | 13.2% | 2nd lowest of 21 |
| EV / Sales | 12.3× | 3.1× | 8th most expensive of 21 |
| ROIC minus cost of capital | -15.1 pp | +0.1 pp | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| UBTECH ROBOTICS 9880.HK | Hong Kong | $4.73B | -41% | +90% | -21% | 12.3× | n/a | n/a |
| AAON AAON | United States | $4.72B | -59% | +54% | 11% | 2.7× | n/a | n/a |
| Hangcha 603298.SS | China | $4.71B | -12% | +7% | 12% | 1.6× | 2.9% | +9.1% |
| Wuhan DR Laser Technology 300776.SZ | China | $4.69B | -24% | -23% | 19% | 16.9× | 51.8% | +13.6% |
| Circuit Fabology Microelectronics Equipment 9630.HK | Hong Kong | $4.68B | n/a | +103% | 27% | 12.6× | 8.5% | +34.4% |
| Horiba 6856.T | Japan | $4.79B | -17% | +12% | 17% | 1.8× | 11.2% | +12.2% |
| Neway Valve (Suzhou) 603699.SS | China | $4.66B | -36% | +11% | 26% | 3.8× | 10.0% | +16.5% |
| Renishaw RSW.L | United Kingdom | $4.61B | -7% | +14% | 16% | 3.9× | 24.8% | +7.5% |
| Rainbow Robotics 277810.KS | South Korea | $4.59B | -52% | +92% | -16% | 136.9× | n/a | n/a |
| Interpump IP.MI | Italy | $4.57B | +3% | +1% | 14% | 2.1× | 12.6% | +9.9% |
| HOSHIZAKI 6465.T | Japan | $4.93B | +5% | +12% | 10% | 1.2× | -4.5% | +15.3% |
| Alliance Laundry ALH | United States | $4.49B | -11% | +10% | 19% | 3.5× | 15.2% | +7.5% |
| Kion KGX.DE | Germany | $5.05B | -25% | +3% | 6% | 0.9× | n/a | n/a |
| Jusung Engineering 036930.KS | South Korea | $4.39B | +5% | -33% | 0% | 24.3× | n/a | n/a |
| ESAB ESAB | United States | $5.15B | -18% | +11% | 13% | 2.5× | 12.7% | +7.8% |
| Leo 002131.SZ | China | $4.33B | -34% | +10% | -1% | 1.2× | n/a | n/a |
| X-Energy XE | United States | $4.24B | -65% | -9% | -156% | 26.7× | n/a | n/a |
| DMG MORI Aktiengesellschaft GIL.DE | Germany | $4.17B | 0% | +3% | 5% | 1.8× | 11.3% | +2.7% |
| LandMark Optoelectronics 3081.TWO | Taiwan | $5.38B | -32% | +105% | 38% | 53.2× | n/a | n/a |
| Franklin Electric FELE | United States | $4.16B | -5% | +7% | 13% | 2.0× | 9.2% | +11.3% |
| Jiangsu Gao Kai Precision Fluid 688835.SS | China | $4.15B | n/a | +21% | 24% | 50.9× | n/a | n/a |