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company · 09880-hk

UBTECH

UBTECH (09880.HK) 2025 revenue ¥2.001B (+53.3%), gross margin 37.7% (+9ppt), net loss ~¥0.790B (narrowed from ¥1.160B). Full-size embodied humanoid revenue ~¥0.821B (+2204%), 1,079 units—now the largest segment. HK ~HK$81.6 / mkt ~HK$38.5B. Thesis is embodied-AI delivery, not near-term profits.

  • Tickers 09880.HK
  • Also known as 09880 · 09880.HK · 9880.HK · UBTECH · 优必选

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  • 09880.HK UBTECH: humanoid ramp, still unprofitable

    UBTECH (09880.HK) 2025 revenue ¥2.001B (+53.3%), gross margin 37.7% (+9ppt), net loss ~¥0.790B (narrowed from ¥1.160B). Full-size embodied humanoid revenue ~¥0.821B (+2204%), 1,079 units—now the largest segment. HK ~HK$81.6 / mkt ~HK$38.5B. Thesis is embodied-AI delivery, not near-term profits.