UBTECH: Launches consumer humanoid robot UWORLD U1: New PO RMB162, Buy

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UBTECH: Launches consumer humanoid robot UWORLD U1: New PO RMB162, Buy

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UBTECH

Launches consumer humanoid robot

UWORLD U1: New PO RMB162, Buy

Reiterate Rating: BUY | PO: 162.00 HKD | Price: 102.80 HKD

UWORLD U1: full-size bionic humanoid robot 01 July 2026

On 30 June, UBTECH launched a full-size bionic humanoid robot, UWORLD U1, targeting Equity

the companion and services market. The flagship version, U1 Pro, has both male (183cm)

and female (168cm) versions. U1 Pro offers 24 active and 64 passive DoFs across 14

Key Changesbody joints, with 33 facial DoFs enabling over 30 micro-expressions. Equipped with eye

tracking and sound source localization, it delivers lifelike interactions with humans. U1 (HK$) Previous Current

Pro can also sense pressure and temperature via its electronic skin. On the software Price Obj. 160 162

side, U1 is powered by a fast-slow brain architecture and the Resonance-LM emotional 2026E Rev (m) 3,568 4,085

LLM, supported by 200 TOPS computing power, enabling multi-model processing and 2027E Rev (m) 5,197 6,168

efficient real-world deployment of complex AI capabilities. Beyond U1 Pro, UBTECH also 2028E Rev (m) NA 8,463

launched U1 Ultra (a high-mobility bionic humanoid robot) and U1 Lite (a half-height 2026E EPS -0.48 -0.42

bionic humanoid robot). 2027E EPS 0.16 0.27

2028E EPS NA 1.05

>13k orders on hand; delivery starting in 3Q26

According to UBTECH, the unit price of U1 Pro/Lite is RMB169.8k/119.8k, while that of Ming Hsun Lee, CFA >>

Research Analyst

U1 Ultra is RMB990.0k/880.0k for male/female version. As of 30 June, the U1 series has Merrill Lynch (Hong Kong)

already received 13.4k orders. UBTECH targets U1 series deliveries from 16 September minghsun.lee@bofa.com

and overseas expansion in 2027. Yikai Liu, CFA >>