China Stock of the Day | Kabutaro & Friends

Unitree Robotics<688836>, a leading humanoid robot maker, was the Chinese stock most talked about online on August 12, 2026.
Background: The company is proceeding with its IPO listing on the STAR Market (SSE Sci-Tech Innovation Board), priced at RMB 150.80 per share (issuing 40.4464 million shares, implying a market cap of about RMB 60.993 billion and an issue P/E of 219.23x). According to results announced on August 10, 2026, the final online-subscription winning rate was 0.01809759 percent, roughly one in 5,500 applications, a record low for the STAR Market. Winning lottery numbers, 19,414 in total, were announced that evening, with only about 19,400 investors winning allocations out of roughly 9.7846 million valid subscription accounts. August 12, 2026 is the payment deadline for winning investors (due by 4:00 pm), with each winning lot of 500 shares requiring payment of RMB 75,400. The company has guided first-half 2026 revenue of RMB 1.052-1.128 billion (up 35.62-45.41% year-on-year) and net profit of RMB 258-306 million. On social media, the winning rate was widely compared to the 0.47 percent rate for the recent hot IPO CXMT, roughly 26 times lower, driving heavy discussion about the odds, envy toward winners, and debate over the payment risk involved.