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A quick look at UBTECH (09880)'s mid-term performance in 2024.
In the first half of 2024, U-Btech achieved a revenue of 0.487 billion yuan, a year-on-year increase of 86.6%; a gross profit of 0.185 billion yuan, a year-on-year increase of 213.9%, with a gross margin of 38%.
UBTECH's revenue increased, narrowing the proportion of losses. The training time for humanoid robots may be over one year. | Interpretations
①UBTECH's income increased significantly in the first half of 2024, and the proportion of losses narrowed. ②Regarding the market's attention to the progress of humanoid robot product training, UBTECH told reporters that it may take 12 months to 18 months from training to market entry. ③In a recent discussion, Boston Dynamics founder Marc Raibert expressed different views on the commercialization of humanoid robots.
UBTECH (09880) announced its interim performance with a revenue of 0.487 billion yuan.
UBTECH (09880) released its interim results for the six months ending June 30, 2024. The group achieved revenue of RMB 0.487 billion, an increase of 86.58% year-on-year. Research and development expenses were RMB 0.228 billion, an increase of 1.4% year-on-year. Net loss attributable to the shareholders of the parent company was RMB 0.516 billion, a decrease of 3.09% year-on-year. The loss per share was RMB 1.23.
UBTECH ROBOTICS Announces Key Corporate Resolutions
Express News | Ubtech Robotics - Hy Rev RMB487.2 Mln
UBTECH ROBOTICS: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2024
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